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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Schedule 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(Amendment No. 1)
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KRUPP CASH PLUS-II LIMITED PARTNERSHIP
(Name of Subject Company)
KRESCENT PARTNERS L.L.C.
AP-GP PROM PARTNERS INC.
AMERICAN HOLDINGS I, L.P.
AMERICAN HOLDINGS I-GP, INC.
AMERICAN PROPERTY INVESTORS, INC.
(Bidders)
DEPOSITARY RECEIPTS
(Title of Class of Securities)
501113 10 4
(CUSIP Number of Class of Securities)
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W. Edward Scheetz
Krescent Partners L.L.C.
1301 Avenue of the Americas, 38th Floor
New York, NY 10019
Copies to:
Peter M. Fass Bonnie D. Podolsky
Steven L. Lichtenfeld Gordon Altman Butowsky
Battle Fowler LLP Weitzen Shalov & Wein
75 East 55th Street 114 West 47th Street
New York, NY 10022 New York, NY 10036
(212) 856-7000 (212) 626-0800
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
<TABLE>
<CAPTION>
Calculation of Filing Fee
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Transaction Amount of
Valuation* Filing Fee
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<S> <C>
$11,447,893.50 $2,289.58
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</TABLE>
*For purposes of calculating the filing fee only. This amount assumes
the purchase of 1,536,630 Depositary Receipts representing Units of the subject
company for $7.45 per Unit in cash.
{ x } Check box if any part of the fee is offset as provided by Rule 0-
11(a)(2) and identify the filing with which the offsetting fee
was previously paid. Identify the previous filing by
registration statement number, or the Form or Schedule and date
of its filing.
Amount previously paid: $2,289.58
Form or registration no.: Schedule 14D-1
Filing parties: Krescent Partners L.L.C.
AP-GP Prom Partners Inc.
American Holdings I, L.P.
American Holdings I-GP, Inc.
American Property Investors, Inc.
Date filed: February 20, 1997
(Continued on following pages)
(Page 1 of 9 pages)
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Cusip No.: 501113 10 4 14D-1 Page 2 of 9
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
KRESCENT PARTNERS L.L.C.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; WC
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
[ ]
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
338,298.3247 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
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9. Percent of Class Represented by Amount in Row (7)
4.5%
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10. Type of Reporting Person (See Instructions)
OO
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Cusip No.: 501113 10 4 14D-1 Page 3 of 9
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AP-GP PROM PARTNERS INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
[ ]
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
338,298.3247 Depositary Receipts
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
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9. Percent of Class Represented by Amount in Row (7)
4.5%
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10. Type of Reporting Person (See Instructions)
CO
<PAGE> 4
Cusip No.: 501113 10 4 14D-1 Page 4 of 9
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERICAN HOLDINGS I, L.P.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; WC
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
[ ]
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
N/A
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
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9. Percent of Class Represented by Amount in Row (7)
N/A
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10. Type of Reporting Person (See Instructions)
PN
<PAGE> 5
Cusip No.: 501113 10 4 14D-1 Page 5 of 9
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERICAN HOLDINGS I-GP, INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
OO
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
[ ]
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
N/A
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
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9. Percent of Class Represented by Amount in Row (7)
N/A
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10. Type of Reporting Person (See Instructions)
CO
<PAGE> 6
Cusip No.: 501113 10 4 14D-1 Page 6 of 9
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERICAN PROPERTY INVESTORS, INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
OO
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(e) or 2(f)
[ ]
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
N/A
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
[ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
N/A
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
CO
<PAGE> 7
AMENDMENT NO. 1 TO SCHEDULE 14D-1
This Amendment No. 1 amends the Tender Offer Statement on Schedule 14D-1
filed by Krescent Partners L.L.C., a Delaware limited liability company
("Krescent"), and American Holdings I, L.P., a Delaware limited partnership
("AHI" and together with Krescent, the "Purchasers"), with the Securities and
Exchange Commission on February 20, 1997, relating to the tender offer by the
Purchasers to purchase up to 1,536,630 issued and outstanding Depositary
Receipts representing Units (the "Units") of Krupp Cash Plus-II Limited
Partnership, a Massachusetts limited partnership (the "Partnership"), to
include the information set forth below. Terms not otherwise defined herein
shall have the meanings ascribed to them in the Schedule 14D-1 and the Offer to
Purchase.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby supplemented and amended as follows:
The information set forth in the press release dated March 21, 1997, a
copy of which is attached hereto as Exhibit (a)(4), is incorporated herein in
its entirety by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby supplemented and amended by adding the following, a
copy of which is attached hereto as an exhibit:
99.(a)(4) Press Release dated March 21, 1997.
7
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SIGNATURES
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: March 21, 1997
KRESCENT PARTNERS L.L.C.
By: AP-GP Prom Partners Inc., its
managing member
By: /s/ Richard Mack
-----------------------------
Name: Richard Mack
Title: Vice President
AP-GP PROM PARTNERS INC.
By: /s/ Richard Mack
-----------------------------
Name: Richard Mack
Title: Vice President
AMERICAN HOLDINGS I, L.P.
By: American Holdings I-GP, its
general partner
By: /s/ Henry J. Gerard
------------------------
Name: Henry J. Gerard
Title: Vice President
AMERICAN HOLDINGS I-GP, INC.
By: /s/ Henry J. Gerard
-----------------------------
Name: Henry J. Gerard
Title: Vice President
AMERICAN PROPERTY INVESTORS, INC.
By: /s/ John P. Saldarelli
-----------------------------
Name: John P. Saldarelli
Title: Vice President
8
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NO. TITLE
- --- -----
<S> <C>
99.(a)(4) Press Release dated March 21, 1997
</TABLE>
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FOR IMMEDIATE RELEASE
Contact: The Herman Group, Inc.
800-738-5516
Attention: Sherri Herman
KRESCENT PARTNERS AND AMERICAN HOLDINGS EXTEND OFFER
NEW YORK, NEW YORK (March 21, 1997) -- KRESCENT PARTNERS L.L.C. AND
AMERICAN HOLDINGS I, L.P. have announced that their offer to purchase
outstanding Depositary Receipts representing Units (the "Units") of Krupp Cash
Plus-II Limited Partnership (the "Partnership") for $7.45 per Unit has been
extended and is now scheduled to expire at 12:00 midnight, New York City time,
on March 27, 1997. As of the close of business on March 20, 1997, 546,305.04
Units had been tendered to Krescent Partners and American Holdings and not
withdrawn.
For additional information, contact The Herman Group, Inc., the
Information Agent/Depositary for the Offer by Krescent Partners and American
Holdings, at 800-738-5516.
