UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
CD RADIO, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
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(Title of Class of Securities)
125127100
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(CUSIP Number)
APOLLO MANAGEMENT IV, L.P.
1999 AVENUE OF THE STARS
SUITE 1900
LOS ANGELES, CA 90067
(310) 201-4100
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
OCTOBER 13, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box: [ ]
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act,
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
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CUSIP No. 125127100 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
APOLLO INVESTMENT FUND IV, L.P.
13-3985622
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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 ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 6,323,283
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SHARES 8 SHARED VOTING POWER
0
BENEFICIALLY
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OWNED BY 9 SOLE DISPOSITIVE POWER
6,323,283
EACH
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REPORTING 10 SHARED DISPOSITIVE POWER
0
PERSON WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,323,283
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.3%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No. 125127100 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
APOLLO OVERSEAS PARTNERS IV, L.P.
98-0191324
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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 ORGANIZATION
CAYMAN ISLANDS
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7 SOLE VOTING POWER
NUMBER OF 343,383
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SHARES 8 SHARED VOTING POWER
0
BENEFICIALLY
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OWNED BY 9 SOLE DISPOSITIVE POWER
343,383
EACH
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REPORTING 10 SHARED DISPOSITIVE POWER
0
PERSON WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
343,383
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No. 125127100 Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
APOLLO ADVISORS IV, L.P.
13-3983717
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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 ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 6,666,666
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SHARES 8 SHARED VOTING POWER
0
BENEFICIALLY
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OWNED BY 9 SOLE DISPOSITIVE POWER
6,666,666
EACH
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REPORTING 10 SHARED DISPOSITIVE POWER
0
PERSON WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,666,666
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.2%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, REPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 2 amends the Schedule 13D originally filed on
November 24, 1998, as amended by Amendment No. 1 filed on January 4, 1999 (the
"Schedule 13D"), by Apollo Investment Fund IV, L.P., a Delaware limited
partnership ("AIFIV"), Apollo Overseas Partners IV, L.P., an exempted limited
partnership registered in the Cayman Islands ("Overseas IV"), and Apollo
Advisors IV, L.P., a Delaware limited partnership ("Advisors IV"), and relates
to the common stock, par value $.001 per share (the "Common Stock") of CD Radio
Inc., a Delaware corporation (the "Company") or securities convertible thereto.
Capitalized terms used without definition in this Amendment No. 2 shall have the
respective meanings ascribed to them in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Schedule 13D is hereby amended by adding the following at
the end thereof:
On September 14, 1999, the Company exercised the option referred to in
the previous paragraph (the "Option") and, as a result of such exercise, on
October 13, 1999, the parties to the Stock Purchase Agreement closed the Second
Purchase contemplated thereby. At such closing, AIFIV and Overseas IV purchased
from the Company 615,716 shares of Series B Preferred Stock and 34,284 shares of
Series B Preferred Stock, respectively, for an aggregate purchase price of
$65,000,000.00. The purchase was financed with cash on hand.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 of the Schedule 13D is hereby amended by adding immediately after
the first paragraph thereof the following:
On December 23, 1998, the parties to the Stock Purchase Agreement
closed the First Purchase contemplated thereby. At such closing, AIFIV and
Overseas IV purchased from the Company 1,281,269 shares of Series A Preferred
Stock and 68,731 shares of Series A Preferred Stock, respectively, for an
aggregate purchase price of $135,000,000.00. On September 14, 1999, the Company
exercised the Option and, as a result of such exercise, on October 13, 1999, the
parties to the Stock Purchase Agreement closed the Second Purchase contemplated
thereby. At such closing, AIFIV and Overseas IV purchased from the Company
615,716 shares of Series B Preferred Stock and 34,284 shares of Series B
Preferred Stock, respectively, for an aggregate purchase price of
$65,000,000.00.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and replaced in its
entirety as follows:
(a) The Reporting Persons collectively have purchased 1,350,000 shares
of Series A Preferred Stock having an aggregate liquidation preference of
$135,000,000, for an aggregate purchase price of $135,000,000 and 65,000 shares
of Series B Preferred Stock having an aggregate liquidation preference of
$65,000,000, for an aggregate purchase price of $65,000,000. Assuming the
conversion of all of the Series A Preferred Stock and Series B Preferred Stock
as of the date hereof, the Reporting Persons collectively would own in the
aggregate 6,666,666 shares of Common Stock of the Company, representing
approximately 22.2% of the outstanding Common Stock of the Company, based upon
the number of shares of Common Stock of the Company indicated as being
outstanding in the Company's Quarterly Report on Form 10-Q for the quarter ended
June 30, 1999. The number of shares of Common Stock into which shares of Series
A Preferred Stock and Series B Preferred Stock are convertible may be increased
upon the occurrence of certain events as described in Item 4. See also the
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<PAGE>
information contained on the cover pages to this Schedule 13D, which is
incorporated herein by reference.
The securities of the Company held by the Reporting Persons may be
subject from time to time to various collateral and other similar security
arrangements made with third party financial institutions in the ordinary course
of business.
(b) See the information contained on the cover pages to this Schedule
13D, which is incorporated herein by reference.
For purposes of Section 13 of the Act, Advisors IV may be deemed to
control AIFIV and Overseas IV, respectively. Advisors IV may thus be considered
to beneficially own and to have sole voting and dispositive power with respect
to all of the Common Stock of the Issuer to be held of record by AIFIV and
Overseas IV.
(c) There have been no reportable transactions with respect to the
Common Stock of the Issuer within the last 60 days by the Reporting persons.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby amended by adding the following:
On September 14, 1999, the Company exercised the Option and, as a result
of such exercise, on October 13, 1999, the parties to the Stock Purchase
Agreement closed the Second Purchase contemplated thereby. At such closing,
AIFIV and Overseas IV purchased from the Company 615,716 shares of Series B
Preferred Stock and 34,284 shares of Series B Preferred Stock, respectively, for
an aggregate purchase price of $65,000,000.00.
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<PAGE>
SIGNATURE
After reasonable 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.
October 28, 1999
APOLLO INVESTMENT FUND IV, L.P.
By: Apollo Advisors IV, L.P., its General Partner
By: Apollo Capital Management IV, Inc., its
General Partner
By: /s/ MICHAEL D. WEINER
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management IV, Inc.
APOLLO OVERSEAS PARTNERS IV, L.P.
By: Apollo Advisors IV, L.P., its Managing
General Partner
By: Apollo Capital Management IV, Inc., its
General Partner
By: /s/ MICHAEL D. WEINER
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management IV, Inc.
APOLLO ADVISORS IV, L.P.
By: Apollo Capital Management IV, Inc., its
General Partner
By: /s/ MICHAEL D. WEINER
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management IV, Inc.
