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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)(1)
RELTEC CORP.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
759527-10-4
(CUSIP Number)
December 31, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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(1) 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 the disclosures provided in a prior cover page.
The information required in 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 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).
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CUSIP NO. 759527-10-4 13G PAGE 2 OF 8 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
CMT ASSOCIATES, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ X ]
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(3) SEC USE ONLY
DELAWARE
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
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(5) SOLE VOTING POWER
NUMBER OF 45,042,183
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 45,042,183
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(8) SHARED DISPOSITIVE POWER
-0-
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,042,183
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
79.9%
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(12) TYPE OF REPORTING PERSON
PN
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CUSIP NO. 759527-10-4 13G PAGE 3 OF 8 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
KKR PARTNERS II, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ X ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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(5) SOLE VOTING POWER
NUMBER OF 392,600
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 392,600
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(8) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
392,600
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
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(12) TYPE OF REPORTING PERSON
PN
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ITEM 1.
(a) NAME OF ISSUER:
Reltec Corp.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5900 Landerbrook Drive, Suite 300
Cleveland, OH 44124-4019
ITEM 2.
(a) NAME OF PERSONS FILING:
CMT Associates, L.P.
KKR Partners II, L.P.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
c/o Kohlberg Kravis Roberts & Co.
9 West 57th Street
New York, New York 10019
(c) CITIZENSHIP:
CMT Associates, L.P. - Delaware
KKR Partners II, L.P. - Delaware
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
(e) CUSIP NUMBER:
759527-10-4
ITEM 3. Not applicable
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED:
KKR Associates, L.P., a New York limited partnership, is the sole
general partner of each of CMT Associates, L.P., a Delaware
limited partnership and KKR Partners II, L.P., a Delaware limited
partnership, in which capacity it may be deemed to be the
beneficial owner of the shares of Reltec Corp. common stock
beneficially owned by CMT Associates, L.P. and KKR Partners II,
L.P. As
Page 4 of 8 pages.
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of December 31, 1998, (1) CMT Associates, L.P. was the record
owner of 45,042,183 shares of common stock of Reltec Corp.; and
(2) KKR Partners II, L.P. was the record owner of 392,600 shares
of common stock of Reltec Corp. In addition to the foregoing, as
of December 31, 1998, KKR Associates, L.P. was the record owner
of 396,500 shares of common stock of Reltec Corp. Henry R.
Kravis, George R. Roberts, Paul E. Raether, Robert I. MacDonnell,
Michael W. Michelson, James H. Greene, Jr., Michael T. Tokarz,
Edward A. Gilhuly, Perry Golkin, Clifton S. Robbins and Scott
Stuart are the general partners of KKR Associates, L.P., and
Messrs. Kravis and Roberts are also the members of the Executive
Committee of KKR Associates, L.P., and in such capacity may be
deemed to share beneficial ownership of any shares of common
stock of Reltec Corp. that KKR Associates, L.P. may beneficially
own or be deemed to beneficially own, but disclaim any such
beneficial ownership.
(b) PERCENT OF CLASS:
See Item 11 of each cover page.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or direct the vote:
See Item 5 of each cover page.
(ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each cover page.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
See Item 4 above.
Page 5 of 8 pages.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
CMT Associates, L.P. and KKR Partners II, L.P. are limited
partnerships, the sole general partner of each of which is KKR
Associates, L.P. As sole general partner of each of CMT
Associates, L.P. and KKR Partners II, L.P., KKR Associates, L.P.
may be deemed to be the beneficial owner of the securities held
by such limited partnerships. CMT Associates, L.P. and KKR
Partners II, L.P. may be deemed to be a group in relation to
their respective investments in Reltec Corp. CMT Associates, L.P.
and KKR Partners II, L.P. do not affirm the existence of a group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 6 of 8 pages.
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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.
Date: February 16, 1999
CMT ASSOCIATES, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: \s\ Salvatore Badalamenti
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Name: Salvatore Badalamenti
Title: Attorney-in-Fact for
Henry R. Kravis,
General Partner
KKR PARTNERS II, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: \s\ Salvatore Badalamenti
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Name: Salvatore Badalamenti
Title: Attorney-in-Fact for
Henry R. Kravis,
General Partner
Page 7 of 8 pages.
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EXHIBIT INDEX
Exhibit 1 - Joint Filing Agreement
Exhibit 24 - Power of Attorney
Page 8 of 8 pages.
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EXHIBIT 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1)(iii), we the undersigned agree that the
Schedule 13G, to which this Joint Filing Agreement is attached as Exhibit 1, is
filed on behalf of each of us.
CMT ASSOCIATES, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: \s\ Salvatore Badalamenti
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Name: Salvatore Badalamenti
Title: Attorney-in-Fact for
Henry R. Kravis,
General Partner
KKR PARTNERS II, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: \s\ Salvatore Badalamenti
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Name: Salvatore Badalamenti
Title: Attorney-in-Fact for
Henry R. Kravis,
General Partner
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EXHIBIT 24
POWER OF ATTORNEY
Know all men by these presents that Henry R. Kravis does hereby
make, constitute and appoint Salvatore Badalamenti as a true and lawful
attorney-in-fact of the undersigned with full powers of substitution and
revocation, for and in the name, place and stead of the undersigned, (both in
the undersigned's individual capacity and as a member of any limited liability
company or limited partnership for which the undersigned is otherwise authorized
to sign), to execute and deliver such forms as may be required to be filed from
time to time with the Securities and Exchange Commission with respect to any
investments of KKR 1996 Fund L.P. or KKR Associates, L.P. (including any
amendments or supplements to any reports from schedules previously filed by such
persons or entities): (i) pursuant to Sections 13(d) and 16(a) of the Securities
Exchange Act of 1934, as amended (the "Act"), including without limitation,
Schedules 13D, statements on Form 3, Form 4 and Form 5 and (ii) in connection
with any applications for EDGAR access codes, including without limitation the
Form ID.
/s/ Henry R. Kravis
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Name: Henry R. Kravis
January 31, 1997
