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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
TRITON ENERGY LIMITED
(Name of Issuer)
COMMON STOCK (ORDINARY SHARES), $0.01 PAR VALUE
(Title of Class of Securities)
G90751101
(CUSIP NUMBER)
LAWRENCE D. STUART, JR.
HM4 TRITON, L.P.
C/O HICKS, MUSE, TATE & FURST INCORPORATED
200 CRESCENT COURT
SUITE 1600
DALLAS, TEXAS 75201
(214) 740-7300
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
Copy to:
MICHAEL D. WORTLEY
VINSON & ELKINS L.L.P.
3700 TRAMMELL CROW CENTER
2001 ROSS AVENUE
DALLAS, TEXAS 75201
(214) 220-7732
January 4, 1999
(Date of Event which Requires Filing of this Statement on Schedule 13D)
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<PAGE> 2
CUSIP NO. G90751101 Schedule 13D/A Page 2 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM4 Triton, L.P.
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC, BK
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
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Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 21,212,452
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by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
21,212,452
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12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
37.6%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
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</TABLE>
<PAGE> 3
CUSIP NO. G90751101 Schedule 13D/A Page 3 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM4/GP Partners Cayman, L.P.
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 21,212,452
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
37.6%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
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</TABLE>
<PAGE> 4
CUSIP NO. G90751101 Schedule 13D/A Page 4 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM GP Partners IV Cayman, L.P.
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 21,212,452
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
37.6%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
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CUSIP NO. G90751101 Schedule 13D/A Page 5 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM Fund IV Cayman, LLC
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 21,212,452
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
37.6%
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14 Type of Reporting Person
OO (Cayman Islands limited liability company)
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</TABLE>
<PAGE> 6
CUSIP NO. G90751101 Schedule 13D/A Page 6 of 9
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
Thomas O. Hicks
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
PF
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
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6 Citizenship or Place of Organization
State of Texas
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Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 21,212,452
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
21,212,452
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
37.6%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
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Schedule 13D/A Page 7 of 9
This Amendment No. 3 to Schedule 13D is being filed by HM4 Triton, L.P.
("Purchaser"), HM4/GP Partners Cayman, L.P., HM GP Partners IV Cayman, L.P., HM
Fund IV Cayman, LLC, and Thomas O. Hicks (collectively, the "Reporting
Persons"), to amend items 8, 10, 11 and 13 of the cover page for each of the
Reporting Persons and Item 1, Item 3, Item 4(a), Item 5(a) and (b), Item 5(c),
Item 6 and Item 7 of the original Schedule 13D dated October 12, 1998, as
amended by Amendment No. 1 and Amendment No. 2 (collectively, the "Original
Schedule 13D"). The cover page for each of the Reporting Persons and the full
text of Item 1, as amended hereby, are restated in their entirety in this
Amendment No. 3. Items 2, 4(b) and (c), 5(d) and 5(e) of the Original
Schedule 13D remain unchanged.
Unless otherwise indicated, capitalized terms used but not defined
herein which are defined in the Original Schedule 13D shall have the meanings
assigned to such terms in the Original Schedule 13D.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement on Schedule 13D
relates is the Ordinary Shares, par value $0.01 per share ("Ordinary Shares"),
of Triton Energy Limited, a Cayman Islands company (the "Company"). The
Reporting Persons beneficially own such equity securities as a result of HM4
Triton, L.P.'s, record ownership of 1,463,000 Ordinary Shares and 4,937,363 8%
Convertible Preference Shares, par value $0.01 per share, of the Company
("Preference Shares"). Each Preference Share currently is convertible at any
time at the option of the holder, prior to redemption by the Company, into four
Ordinary Shares, subject to customary antidilution protections. The Preference
Shares first become redeemable by the Company, at its option in whole but not in
part, on September 30, 2001, provided the Ordinary Shares have traded at certain
specified levels prior to redemption.
The address of the Company's principal executive offices is Caledonian
House, Mary Street, P. O. Box 1043, George Town, Grand Cayman, Cayman Islands.
ITEM 3. SOURCES AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended and supplemented by adding the following
paragraph at the end of Item 3:
The Purchaser utilized $2,290,894 of its working capital to purchase an
aggregate of 219,500 additional Ordinary Shares in open market purchases on
November 19, 24 and 25. See Item 5(c) below. In addition, the Purchaser utilized
$218,040,410 of its working capital to purchase an aggregate of 3,114,863
additional Preference Shares on January 4, 1999. See Item 5(c) below. The
Purchaser's working capital utilized for these purposes was provided by capital
contributions to the Purchaser from HM4/GP and the limited partners of the
Purchaser; HM4/GP obtained the funds contributed to Purchaser by capital
contributions from HM GP and the limited partners of HM4/GP; HM GP obtained the
funds contributed to HM4/GP by capital contributions from General Partner and
the limited partners of HM GP; General Partner obtained the funds contributed to
HM GP by capital contributions from Hicks; and Hicks obtained the funds
contributed to General Partner from personal funds.
ITEM 4. PURPOSE OF THE TRANSACTION
Item 4(a) is hereby amended and supplemented by adding the following
paragraph at the end of Item 4(a):
The record date for the Rights Offering was November 30, 1998 (the
"Record Date"). On or about December 2, 1998, Purchaser received 105,336 Rights
with respect to the 1,463,000 Ordinary Shares it held as of the Record Date, and
on December 21, 1998, Purchaser received an additional 524,880 Rights with
respect to the 1,822,500 Preference Shares it held as of the Record Date (for an
aggregate of 630,216 total Rights received). The Purchaser did not exercise any
of the Rights it received in the Rights Offering and all unexercised Rights,
including all Rights distributed to Purchaser, expired on December 23, 1998.
<PAGE> 8
Schedule 13D/A Page 8 of 9
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b)
Item 5(a) and (b) is hereby amended by deleting the first paragraph
thereof and substituting therefor the following paragraph:
The Purchaser is the record and beneficial owner of 1,463,000 Ordinary
Shares, which represent approximately 2.6% of the Company's outstanding Ordinary
Shares (giving effect to the conversion of Preference Shares held by Purchaser
at the current conversion rate). The Purchaser also is the record owner of
4,937,363 Preference Shares, or 98.7% of the issued and outstanding Preference
Shares. The 4,937,363 Preference Shares currently are convertible into an
aggregate of 19,749,452 Ordinary Shares, which Ordinary Shares are beneficially
owned by Purchaser and represent approximately 35% of the Company's Ordinary
Shares outstanding (giving effect to the conversion of the Preference Shares
held by Purchaser at the current conversion rate). The 21,212,452 Ordinary
Shares beneficially owned by the Purchaser as described above represent
approximately 37.6% of the Company's Ordinary Shares outstanding, giving effect
to the conversion of Preference Shares held by Purchaser.
(c)
Item 5(c) is hereby amended and supplemented by adding the following
paragraphs at the end of Item 5(c).
Purchaser also acquired a total of 219,500 additional Ordinary Shares
in open market purchases as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES DATE ACQUIRED PRICE PER SHARE MANNER
- ---------------- ------------- --------------- ------
<S> <C> <C> <C>
16,700 November 19, 1998 $9.75 open market purchase
6,000 November 24, 1998 $10.0625 open market purchase
4,000 November 24, 1998 $10.125 open market purchase
500 November 24, 1998 $10.375 open market purchase
39,500 November 24, 1998 $10.4375 open market purchase
7,800 November 24, 1998 $10.50 open market purchase
84,000 November 25, 1998 $10.4375 open market purchase
1,500 November 25, 1998 $10.50 open market purchase
14,500 November 25, 1998 $10.5625 open market purchase
5,300 November 25, 1998 $10.5625 open market purchase
19,700 November 25, 1998 $10.625 open market purchase
5,000 November 25, 1998 $10.75 open market purchase
15,000 November 25, 1998 $10.875 open market purchase
</TABLE>
In addition, on January 4, 1999, Purchaser acquired a total of
3,114,863 additional Preference Shares, at a price of $70.00 per share, from the
Company pursuant to the Purchase Agreement (the "Second Closing"), which
Preference Shares currently are convertible into 12,459,452 Ordinary Shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 6 is hereby amended and supplemented by adding the following
sentence to the end of the last paragraph of Item 6.
At the Second Closing, the Company paid HMCo an additional fee in the
amount of $4,360,808 as compensation for HMCo's services as financial advisor
to the Company in connection with Purchaser's purchase of the Preference Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 is hereby amended and supplemented by adding the following to
the list of material to be filed as Exhibits:
10.7 Amendment No. 1 to Stock Purchase Agreement, dated November 22,
1998, by and between Triton Energy Limited and HM4 Triton, L.P.*
- -----------------------
* Filed herewith
<PAGE> 9
Schedule 13D/A Page 9 of 9
(Amendment No. 3)
SIGNATURES
After due inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated January 5, 1999 HM4 TRITON, L.P.
By: /s/ MICHAEL D. SALIM
-----------------------------------
Michael D. Salim, Attorney-in-Fact
Dated January 5, 1999 THOMAS O. HICKS
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated January 5, 1999 HM4/GP PARTNERS CAYMAN, L.P.
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated January 5, 1999 HM GP PARTNERS IV CAYMAN, L.P.
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated January 5, 1999 HM FUND IV CAYMAN, LLC
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
<PAGE> 10
CUSIP NO. G90751101 Schedule 13D/A
EXHIBIT INDEX
<TABLE>
<S> <C>
10.1 Stock Purchase Agreement, dated August 31, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.(1)*
10.2 Shareholders Agreement, dated September 30, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.*
10.3 Monitoring and Oversight Agreement, dated September 30, 1998,
by and between Triton Energy Limited and Hicks, Muse & Co.
Partners, L.P.*
10.4 Financial Advisory Agreement, dated August 31, 1998, by and
between Triton Energy Limited and Hicks, Muse & Co. Partners,
L.P.*
10.5 Line Letter dated October 9, 1998, by and between Bankers
Trust Company and HM4 Triton, L.P. (2)*
10.6 Base Rate Promissory Note dated October 9, 1998, in the
original principal amount of $30,000,000, executed by HM4
Triton, L.P., and payable to Bankers Trust Company.*
10.7 Amendment No. 1 to Stock Purchase Agreement, dated November
22, 1998, by and between Triton Energy Limited and HM4
Triton, L.P.**
24.1 Power of Attorney for Thomas O. Hicks (filed as Exhibit 2 to
Schedule 13D regarding Coho Energy, Inc., filed with the
Securities and Exchange Commission on May 20, 1998, and
incorporated herein by reference).
24.2 Power of Attorney for HM4/GP Partners Cayman, L.P.*
24.3 Power of Attorney for HM GP Partners IV Cayman, L.P.*
24.4 Power of Attorney for HM Fund IV Cayman, LLC.*
24.5 Power of Attorney for HM4 Triton, L.P.*
99.1 Joint filing Agreement dated October 9, 1998, among HM4
Triton, L.P., HM Fund IV Cayman, LLC, HM GP Partners IV
Cayman, L.P., HM4/GP Partners Cayman, L.P. and Thomas O.
Hicks.*
</TABLE>
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* Previously filed.
** Filed herewith.
(1) The Stock Purchase Agreement is filed herewith without attached
exhibits and schedules, but such omitted exhibits and schedules will be
provided by the Purchaser upon written request.
(2) The Line Letter is filed herewith without attached exhibits, but such
omitted exhibits will be provided by the Purchaser upon written request.
<PAGE> 1
EXHIBIT 10.7
AMENDMENT NO. 1
TO STOCK PURCHASE AGREEMENT
This AMENDMENT NO. 1 TO STOCK PURCHASE AGREEMENT (the "Amendment") is made
as of November 22, 1998, by and among Triton Energy Limited, a Cayman Islands
company (the "Company"), and HM4 Triton, L.P., a Cayman Islands exempted
limited partnership (together with its permitted assigns, "Purchaser"), to
amend that certain Stock Purchase Agreement, dated as of August 31, 1998
("Purchase Agreement"), by and among the Company and Purchaser.
1. DEFINITIONS. Unless the context indicates otherwise, capitalized
terms used but not defined in this Amendment and defined in the Purchase
Agreement shall have the meanings ascribed to them in the Purchase Agreement.
2. SECTION 7.1(b)(iv).
Section 7.1(b)(iv) of the Purchase Agreement hereby is amended to read in
its entirety as follows:
"(iv) if the Second Closing shall not have occurred by the later of
(A) January 4, 1999, as such date may be extended by Purchaser pursuant to
Section 6.1(a), and (B) the date to which the Second Closing Date is
extended pursuant to Section 6.1; provided, however, that the right to
terminate this Agreement under this clause (iv) shall not be available to
any party whose breach of this Agreement has been the cause of, or resulted
in, the failure of the Second Closing to occur on or before such date;"
3. INCORPORATION BY REFERENCE. Sections 9.8, 9.10 and 9.14 of the
Purchase Agreement are incorporated herein by reference.
As hereby amended, the Purchase Agreement shall remain in full force and
effect.
[BALANCE OF PAGE INTENTIONALLY LEFT BLANK]
<PAGE> 2
IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to
be executed by its duly authorized officer as of the date first written above.
TRITON ENERGY LIMITED
By: /s/ James C. Musselman
-----------------------------
HM4 TRITON, L.P.
By: HM4/GP Partners Cayman, L.P.,
its General Partner
By: HM GP Partners IV Cayman, L.P.,
its General Partner
By: HM Fund IV Cayman, LLC,
its General Partner
By: /s/ Daniel S. Dross
------------------------
Daniel S. Dross
Senior Vice President
