SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
- --------------------------------------------------------------------------------
SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
(FINAL AMENDMENT)
- --------------------------------------------------------------------------------
FREEDOM TAX CREDIT PLUS L.P.
(Name of Subject Company)
LEHIGH TAX CREDIT PARTNERS L.L.C.
LEHIGH TAX CREDIT PARTNERS, INC.
(Bidders)
BENEFICIAL ASSIGNMENT CERTIFICATES
(Title of Class of Securities)
35644P 10 2
(CUSIP Number of Class of Securities)
- --------------------------------------------------------------------------------
J. Michael Fried
c/o Related Capital Company
625 Madison Avenue
New York, NY 10022
(212) 421-5333
Copy to:
Peter M. Fass
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
(Name, Address and Telephone Numbers of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
(Continued on following pages)
(Page 1 of 5 pages)
<PAGE>
CUSIP No.: 35644P 10 2 14D-1 Page 2 of 5
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LEHIGH TAX CREDIT PARTNERS L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
AF; BK
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
| |
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
8,455.667 Beneficial Assignment Certificates (representing assignments of
limited partnership interests)
- --------------------------------------------------------------------------------
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)
11.6 %
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
OO
<PAGE>
CUSIP No.: 35644P 10 2 14D-1 Page 3 of 5
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LEHIGH TAX CREDIT PARTNERS, INC.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions) (a) { }
(b) {X}
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
AF; BK
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
| |
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
8,455.667 Beneficial Assignment Certificates (representing assignments of
limited partnership interests)
- --------------------------------------------------------------------------------
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)
11.6%
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
CO
<PAGE>
AMENDMENT NO. 2 (FINAL AMENDMENT) TO SCHEDULE 14D-1
This Amendment No. 2 (Final Amendment) amends the Tender Offer
Statement on Schedule 14D-1 filed with the Securities and Exchange Commission on
August 27, 1997 by Lehigh Tax Credit Partners L.L.C., a Delaware limited
liability company (the "Purchaser"), as amended by Amendment No. 1 dated
September 26, 1997, relating to the tender offer by the Purchaser to purchase
Beneficial Assignment Certificates ("BACs") representing assignments of limited
partnership interests in Freedom Tax Credit Plus L.P., a Delaware 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 4. Source and Amount of Funds or Other Consideration.
Item 4(a) is hereby supplemented and amended as follows:
The total amount of funds required by the Purchaser to purchase
8,266.667 BACs accepted for payment pursuant to the Offer, excluding related
fees and expenses, is approximately $4,381,333.51. The Purchaser has obtained or
will obtain such funds through a loan from one of its members.
The total amount of funds required by Everest to purchase 2,755 BACs
accepted for payment pursuant to the Offer, excluding related fees and expenses,
is approximately $1,460,150. Everest has notified the Purchaser that it
obtained, or will obtain, such funds from capital contributions from the members
of an affiliate of Everest.
Item 6. Interest in Securities of the Subject Company.
Item 6(a)-(b) is hereby supplemented and amended as follows:
The Offer expired at 12:00 Midnight, New York City time, on Friday,
October 24, 1997. Based on preliminary information provided by the Information
Agent/Depositary to the Purchaser and Everest, pursuant to the Offer, as of
12:00 Midnight, New York City time, on Friday, October 24, 1997, the Purchaser
and Everest accepted for payment an aggregate of 11,021.667 BACs. Pursuant to
the terms of the Offer and the Everest Agreement, the Purchaser purchased
approximately 75% of the accepted BACs, or 8,266.667 BACs, after assigning to an
affiliate of Everest Letters of Transmittal which represent the tender of
approximately 25% of the accepted BACs, or 2,755 BACs. Together with the 189
BACs owned by the Purchaser prior to commencing the Offer, the Purchaser owns
8,455.667 BACs, which constitute approximately 11.6% of the outstanding BACs.
Pursuant to the terms of the Offer and the Everest Agreement, Everest accepted
and purchased 2,755 BACs, which constitute approximately 3.8% of the outstanding
BACs.
4
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: November 3, 1997
LEHIGH TAX CREDIT PARTNERS L.L.C.
By: Lehigh Tax Credit Partners, Inc.,
its managing member
By: /s/ Alan P. Hirmes
----------------------------
Name: Alan P. Hirmes
Title: Vice President
LEHIGH TAX CREDIT PARTNERS, INC.
By: /s/ Alan P. Hirmes
------------------------------------
Name: Alan P. Hirmes
Title: Vice President
5
