Amended Tender Offer Statement by Third Party (sc To-t/a)
28 Dezembro 2021 - 11:59AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER
SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT
OF 1934
(Amendment No. 6)
CoreSite Realty Corporation
(Name of Subject Company (Issuer))
Appleseed Merger Sub LLC
(Offeror)
American Tower Corporation
American Tower Investments LLC
Appleseed Holdco LLC
(Parents of Offeror)
(Names of Filing Persons)
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
21870Q105
(Cusip Number of Class of
Securities)
Edmund DiSanto, Esq.
Executive Vice President, Chief Administrative
Officer, General Counsel and Secretary
c/o American Tower Corporation
116 Huntington Avenue
Boston, Massachusetts 02116
(617) 375-7500
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of
Filing Persons)
Copies to:
Benet J. O’Reilly
Kimberly R. Spoerri
Michael Saliba
Cleary Gottlieb Steen & Hamilton
LLP
One Liberty Plaza
New York, New York 10006
212-225-2000
CALCULATION OF FILING FEE
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Transaction Valuation* |
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Amount of Filing Fee** |
$7,526,200,220.00 |
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$697,678.76 |
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* |
Estimated solely for purposes of calculating the
filing fee pursuant to Rule 0-11(d) under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). The
Transaction Valuation was calculated on the basis of the sum of
(i) the product of (x) 43,672,637 shares of common stock of
CoreSite Realty Corporation (“CoreSite”) issued and outstanding
(other than shares subject to restricted stock awards of CoreSite
and performance stock awards of CoreSite) and (y) the offer
price of $170.00 per share, (ii) the product of (x) 80,710
shares of common stock issuable pursuant to outstanding restricted
stock units of CoreSite and (y) the offer price of $170.00 per
share, and (iii) the product of (x) 518,419 shares of common
stock subject to outstanding restricted stock awards of CoreSite
and performance stock awards of Coresite and (y) the offer
price of $170.00 per share. The calculation of the filing fee is
based on information provided by CoreSite as of November 23,
2021.
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** |
The filing fee was calculated in accordance with
Rule 0-11 under the
Exchange Act and Fee Rate Advisory #1 for fiscal year 2022,
effective October 1, 2021, by multiplying the transaction
value by 0.00009270.
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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 the date of its filing.
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Amount Previously Paid: |
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$697,678.76 |
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Filing Party: |
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Appleseed Merger Sub LLC |
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American Tower Corporation |
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American Tower Investments LLC |
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Appleseed Holdco LLC |
Form or Registration No.: |
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Schedule TO |
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Date Filed: |
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November 29, 2021 |
☐ |
Check the box if the filing relates solely to
preliminary communications made before the commencement of a tender
offer.
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Check the appropriate boxes below to designate any transactions to
which the statement relates:
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third-party tender offer subject to Rule 14d-1.
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issuer tender offer subject to Rule 13e-4.
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going-private transaction subject to Rule 13e-3.
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amendment to Schedule 13D under Rule 13d-2.
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Check the following box if the filing is a final amendment
reporting the results of the tender offer. ☒
If applicable, check the appropriate box(es) below to designate the
appropriate rule provision(s) relied upon:
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Rule 13e-4(i)
(Cross-Border Issuer Tender Offer)
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Rule 14d-1(d)
(Cross-Border Third-Party Tender Offer)
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This Amendment No. 6 (this “Amendment”) amends and supplements
the Tender Offer Statement on Schedule TO filed by Appleseed
Merger Sub LLC, a Maryland limited liability company (“Purchaser”),
and a wholly owned direct subsidiary of Appleseed Holdco LLC, a
Delaware limited liability company (“Holdco”), and a wholly owned
indirect subsidiary of American Tower Investments LLC, a California
limited liability company (“Parent”), and a wholly owned indirect
subsidiary of American Tower Corporation, a Delaware corporation
(“ATC”), with the Securities and Exchange Commission on
November 29, 2021 (together with any subsequent amendments and
supplements thereto, including this Amendment, the “Schedule TO”).
The Schedule TO relates to the offer by Purchaser to purchase all
of the outstanding shares of common stock, $0.01 par value per
share (“Shares”), of CoreSite Realty Corporation, a Maryland
corporation (“CoreSite”), at a price of $170.00 per Share, without
interest and subject to any applicable withholding taxes, net to
the seller in cash, upon the terms and subject to the conditions
described in the Offer to Purchase dated November 29, 2021
(together with any amendments or supplements thereto, the “Offer to
Purchase”) and in the accompanying Letter of Transmittal (together
with any amendments or supplements thereto and with the Offer to
Purchase, the “Offer”), which are annexed to and filed with the
Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B),
respectively.
Except as otherwise set forth in this Amendment, the information
set forth in the Schedule TO remains unchanged and is incorporated
herein by reference to the extent relevant to the items in this
Amendment. Capitalized terms used but not defined herein have the
meanings ascribed to them in the Schedule TO.
ITEMS |
1 THROUGH 9 and ITEM 11.
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The information set forth in the Offer to Purchase and Items 1
through 9 and Item 11 of the Schedule TO (to the extent such Items
incorporate by reference the information contained in the Offer to
Purchase), is hereby amended and supplemented by adding the
following paragraphs:
“Consummation of the Offer and the Mergers.
The Offer expired at one minute after 11:59 p.m., Eastern Time, on
December 27, 2021. The Depositary advised Purchaser that, as
of the expiration of the Offer, a total of 31,443,126 Shares were
validly tendered and not validly withdrawn, representing
approximately 71.15% of the Shares outstanding as of the expiration
of the Offer.
As of the expiration of the Offer, the number of Shares validly
tendered and not validly withdrawn pursuant to the Offer satisfied
the Minimum Tender Condition, and all other conditions to the Offer
were satisfied or waived. Purchaser has irrevocably accepted for
payment all Shares validly tendered and not validly withdrawn
pursuant to the Offer.
ATC, Parent, Holdco and Purchaser expect to complete the
acquisition of CoreSite on December 28, 2021 by
(a) consummating the REIT Merger in accordance with
Section 3-106.1 of the
MGCL, (b) substantially concurrently with the REIT Merger,
consummating the OP Merger and (c) following the REIT Merger
and the OP Merger, consummating the Holdco Merger, in each case,
pursuant to and in accordance with the terms of the Merger
Agreement. At the effective time of the REIT Merger, each Share
issued and outstanding immediately prior to such time (other than
(i) certain restricted Shares and (ii) Shares held by the
Parent Parties) will be converted into the right to receive an
amount in cash equal to the Offer Price. At the effective time of
the OP Merger, each partnership unit issued and outstanding and
held by a limited partner of the OP (excluding CoreSite) will be
converted into the right to receive an amount in cash equal to the
Offer Price.
Following consummation of the REIT Merger, the Shares will be
delisted and will cease trading on the NYSE.
ATC, Parent, Holdco and Purchaser intend to take steps to cause the
termination of the registration of the Shares under the Exchange
Act and to suspend all of CoreSite’s reporting obligations under
the Exchange Act as promptly as practicable.
The full text of the press release issued by ATC on
December 28, 2021 in connection with the expiration of the
Offer and the Mergers is attached hereto as Exhibit (a)(5)(H) and
is incorporated herein by reference.”
Item 12 of the Schedule TO is amended and supplemented by adding
the following:
SIGNATURE
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: December 28, 2021
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APPLESEED MERGER SUB LLC
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By: |
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/s/ Edmund DiSanto
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Name: |
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Edmund DiSanto |
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Title: |
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Executive Vice President, Chief Administrative
Officer, General Counsel and Secretary |
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APPLESEED HOLDCO LLC
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By: |
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/s/ Edmund DiSanto
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Name: |
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Edmund DiSanto |
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Title: |
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Executive Vice President, Chief Administrative
Officer, General Counsel and Secretary |
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AMERICAN TOWER INVESTMENTS LLC
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By: |
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/s/ Edmund DiSanto
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Name: |
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Edmund DiSanto |
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Title: |
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Executive Vice President, Chief Administrative
Officer, General Counsel and Secretary |
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AMERICAN TOWER CORPORATION
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By: |
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/s/ Edmund DiSanto
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Name: |
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Edmund DiSanto |
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Title: |
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Executive Vice President, Chief Administrative
Officer, General Counsel and Secretary |
EXHIBIT INDEX
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Exhibit No.
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(a)(1)(A) |
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Offer to Purchase, dated November 29, 2021.* |
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(a)(1)(B) |
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Form of Letter of Transmittal.* |
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(a)(1)(C) |
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Form of Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees.* |
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(a)(1)(D) |
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Form of Letter to Clients for Use by Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees.* |
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(a)(1)(E) |
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Form of Summary Advertisement, published November 29, 2021 in
The Wall Street Journal.* |
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(a)(5)(A) |
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Presentation made available by American Tower Corporation on its
website to investors on November 15, 2021 (incorporated by
reference to Exhibit 99.1 to the Schedule TO-C filed by ATC, Holdco and Purchaser
with the SEC on November 15, 2021).* |
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(a)(5)(B) |
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Joint Press Release issued by American Tower Corporation and
CoreSite Realty Corporation on November 15, 2021
(incorporated by reference to Exhibit 99.2 to the Schedule
TO-C filed by ATC, Holdco
and Purchaser with the SEC on November 15, 2021).* |
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(a)(5)(C) |
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Notice of Merger issued by Appleseed Merger Sub LLC, dated
November 26, 2021 (incorporated by reference to Exhibit 99.1
to the Schedule TO-C filed
by ATC, Parent, Holdco and Purchaser with the SEC on
November 26, 2021).* |
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(a)(5)(D) |
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Transcript of American Tower Corporation investor call on
November 15, 2021 (incorporated by reference to Exhibit 99.1
to the Schedule TO-C filed
by ATC, Holdco and Purchaser with the SEC on November 16,
2021).* |
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(a)(5)(E) |
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Press Release issued by American Tower Corporation on
November 29, 2021.* |
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(a)(5)(F) |
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Excerpts of the transcript of an interview with an executive of ATC
at the Fifth Annual Virtual Wells Fargo TMT Summit on
December 1, 2021, available on ATC’s external
website.* |
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(a)(5)(G) |
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Transcript of an interview with an executive of ATC at the UBS
Global TMT Conference on December 6, 2021, available on ATC’s
external website.* |
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(a)(5)(H) |
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Press Release
issued by American Tower Corporation on December 28,
2021. |
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(b)(1) |
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Commitment Letter, dated as of November 14, 2021, between ATC
and JPMorgan Chase Bank, N.A.* |
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(b)(2) |
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Third Amended and Restated Multicurrency Revolving Credit
Agreement, dated as of December 8, 2021, by and among ATC, as
borrower, Toronto Dominion (Texas) LLC, as administrative agent,
and the lenders party thereto.* |
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(b)(3) |
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Fourth Amended and Restated Revolving Credit Agreement, dated as of
December 8, 2021, by and among ATC, as borrower, Toronto
Dominion (Texas) LLC, as administrative agent, and the lenders
party thereto.* |
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(b)(4) |
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Second Amended and Restated Term Loan Agreement, dated as of
December 8, 2021, by and among ATC, as borrower, Mizuho Bank,
Ltd., as administrative agent, and the lenders party
thereto.* |
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(b)(5) |
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364-Day Term Loan
Agreement, dated as December 8, 2021, by and among ATC, as
borrower, JPMorgan Chase Bank, N.A., as administrative agent, and
the lenders party thereto.* |
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(b)(6) |
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2-Year Term Loan Agreement,
dated as December 8, 2021, by and among ATC, as borrower,
JPMorgan Chase Bank, N.A., as administrative agent, and the lenders
party thereto.* |
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(d)(1) |
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Agreement and Plan of Merger, dated as of November 14, 2021,
among Parent, Holdco, Purchaser, Appleseed OP Merger Sub LLC,
CoreSite, CoreSite, L.P. and ATC (incorporated by reference to
Exhibit 2.1 to the Current Report on Form 8-K filed by ATC with the
Securities and Exchange Commission on November 15,
2021).* |
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(d)(2) |
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Mutual Confidential Disclosure Agreement, dated as of
September 4, 2021, between CoreSite and American Tower LLC
(incorporated by reference to Exhibit (e)(2) to the
Schedule 14D-9 filed
by CoreSite with the Securities and Exchange Commission on
November 29, 2021).* |
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(g) |
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Not applicable. |
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(h) |
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Not applicable. |
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