UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
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CHESAPEAKE MIDSTREAM PARTNERS, L.P.
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(Name of Issuer)
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Common Units Representing Limited Partner Interests, No Par Value
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(Title of Class of Securities)
(CUSIP Number)
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Ms. Jennifer M. Grigsby
Senior Vice President, Treasurer
and Corporate Secretary
Chesapeake Energy Corporation
6100 North Western Avenue
Oklahoma City, Oklahoma 73118
(405) 848-8000
and
Chesapeake Midstream Holdings, L.L.C.
900 NW 63rd Street
Oklahoma City, Oklahoma 73118
(405) 935-1500
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
with a copy to:
Mr. Michael S. Telle
Bracewell & Giuliani LLP
711 Louisiana Street, Suite 2300
Houston, Texas 77002-2770
Telephone: (713) 221-1327
Fax: (713) 221-2113
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
¨
Note:
Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits.
See
§ 240.13d-7 for other parties to whom copies are to be sent.
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).
SCHEDULE 13D
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CUSIP NO.
16524K 108
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Page 2 of 6 Pages
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1
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NAME OF REPORTING PERSON
Chesapeake Energy Corporation
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP
(a)
x
(b)
¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Oklahoma
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
with
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
0
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12
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CHECK IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES
¨
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13
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0%
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14
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TYPE OF REPORTING
PERSON
HC; CO
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-1-
SCHEDULE 13D
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CUSIP NO.
16524K 108
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Page 3 of 6 Pages
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1
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NAME OF REPORTING PERSON
Chesapeake Midstream Holdings, L.L.C.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP
(a)
x
(b)
¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
with
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
0
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12
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CHECK IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES
¨
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13
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
0%
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14
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TYPE OF REPORTING
PERSON
HC; OO (Limited Liability
Company)
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-2-
This Amendment No. 3 (this
Amendment No. 3
) to that
certain Schedule 13D filed with the Securities and Exchange Commission (the
SEC
) on January 9, 2012, as amended by Amendment No. 1 filed with the SEC on June 13, 2012 and Amendment No. 2 filed with the
SEC on June 19, 2012 (as amended, the
Schedule 13D
), is filed jointly by Chesapeake Energy Corporation, an Oklahoma corporation (
Chesapeake
), and Chesapeake Midstream Holdings, L.L.C., a
Delaware limited liability company (
CMH
, and, together with Chesapeake, the
Reporting Persons
), and relates to the common units representing limited partner interests (the
Common
Units
) of Chesapeake Midstream Partners, L.P., a Delaware limited partnership (the
Issuer
).
Item 4. Purpose of Transaction
Item 4 to the Schedule 13D is hereby amended and restated as follows: On June 29, 2012, CMH sold to GIP II Eagle Holdings Partnership, L.P., a Delaware limited partnership (
Eagle
Holdings
), the successor by assignment by GIP II Eagle 4 Holding, L.P., a Delaware limited partnership (
GIP II-4
), of GIP II-4s rights and obligations under that certain Purchase Agreement dated as of
June 7, 2012 between CMH and GIP II-4 (the
Second Purchase Agreement
), for cash consideration of $1.0 billion, (i) 33,704,666 Common Units (the
Second Closing Common Units
) and
(ii) 6,438,115 subordinated units representing limited partner interests (
Subordinated Units
) of the Issuer (the
Second Closing Subordinated Units
and together with the Second Closing Common
Units, the
Second Purchase Agreement Subject Interests
) pursuant to the Second Purchase Agreement (such transaction being the
Second Transaction
).
Previously, on June 15, 2012, CMH sold to GIP II Eagle 1 Holding, L.P., a Delaware limited partnership (
GIP
II-1
), GIP II Eagle 2 Holding, L.P., a Delaware limited partnership (
GIP II-2
), and GIP II Eagle 3 Holding, L.P., a Delaware limited partnership (together with GIP II-1 and GIP II-2, the
GIP II
Funds
), for cash consideration of $1.0 billion, (i) 28,099,946 Subordinated Units (the
First Closing Subordinated Units
) and (ii) 500 units of Chesapeake Midstream Ventures, L.L.C.
(
CMV
), a Delaware limited liability company and the sole member of the General Partner (such units, the
CMV Units
and together with the First Closing Subordinated Units, the
First
Purchase Agreement Subject Interests
), pursuant to a Purchase Agreement dated as of June 7, 2012 (the
First Purchase Agreement
and such transaction being the
First Transaction
)
among CMH and the GIP II Funds.
In connection with the closing of the First Transaction, on June 15, 2012, Chesapeakes
two designees resigned from the board of managers of CMV effective immediately, and one of Chesapeakes two designees resigned from the Board of Directors of Chesapeake Midstream GP, L.L.C., a Delaware limited liability company and the general
partner of the Issuer (such limited liability company, the
General Partner
and such Board of Directors, the
GP Board
), effective immediately.
In connection with the closing of the Second Transaction, on June 29, 2012, Chesapeakes remaining designee to the GP Board resigned
as a Class C director but remains on the GP Board as an unclassified director appointed by CMV.
Effective as of the closing
of the Second Transaction on June 29, 2012, the Reporting Persons no longer own Common Units or Subordinated Units of the Issuer and Chesapeake is no longer entitled to appoint any members of the GP Board.
-3-
Except as disclosed in the Schedule 13D and herein, the Reporting Persons have no plans or
proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5 of the
Schedule 13D is hereby amended and restated as follows:
As a result of the sale of the First Closing Subordinated Units under
the First Purchase Agreement and the sale of the Second Purchase Agreement Subject Interests under the Second Purchase Agreement, the Reporting Persons no longer beneficially own any Common Units or Subordinated Units of the Issuer.
Except as set forth pursuant to Item 4 of this Amendment No. 3, there have been no transactions in the Common Units or
Subordinated Units by the Reporting Persons during the past sixty days.
The Reporting Persons ceased to be the beneficial
owner of more than five percent of the Common Units on June 29, 2012.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
Item 6 to the Schedule 13D is amended to include the
following: As disclosed pursuant to Item 4 of this Amendment No. 3, CMH is a party to the First Purchase Agreement with the GIP II Entities pursuant to which CMH sold the First Purchase Agreement Subject Interests to the GIP II Entities on
June 15, 2012 and CMH is a party to the Second Purchase Agreement with Eagle Holdings pursuant to which CMH sold the Second Purchase Agreement Subject Interests to Eagle Holdings on June 29, 2012.
Item 7. Material to Be Filed as Exhibits
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Exhibit
Number
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Description
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1.1
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Purchase Agreement, dated June 7, 2012, by and among Chesapeake Midstream Holdings, L.L.C. and GIP II Eagle 1 Holding, L.P., GIP II Eagle 2 Holding, L.P. and GIP II Eagle 3 Holding,
L.P. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K dated June 13, 2012 filed by Chesapeake Energy Corporation)
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1.2
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Purchase Agreement, dated June 7, 2012, by and among Chesapeake Midstream Holdings, L.L.C. and GIP II Eagle 4 Holding, L.P. (incorporated by reference to Exhibit 2.2 to the Current
Report on Form 8-K dated June 13, 2012 filed by Chesapeake Energy Corporation)
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-4-
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1.3
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Investor Rights Agreement by and among Chesapeake Midstream Ventures, L.L.C., Chesapeake Midstream Holdings, L.L.C., GIP-A Holding (CHK), L.P., GIP-B Holding (CHK), L.P., GIP-C
Holding (CHK), L.P., GIP II Eagle 1 Holding, L.P., GIP II Eagle 2 Holding, L.P., GIP II Eagle 3 Holding, L.P. and GIP II Eagle 4 Holding, L.P., dated June 15, 2012 (incorporated by reference to Exhibit 1.3 to Amendment No. 2 to the Schedule
13D)
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99.1
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Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Schedule 13D)
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* * *
Each of the undersigned is responsible for the accuracy and completeness of the information in this Amendment No. 3 concerning
itself, and is not responsible for the accuracy or completeness of the information in this Amendment No. 3 concerning any other signatories.
-5-
SIGNATURES
After reasonable inquiry and to the best of the undersigneds knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and
correct.
Dated: July 3, 2012
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Chesapeake Energy Corporation
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By:
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/s/ Jennifer M. Grigsby
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Name:
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Jennifer M. Grigsby
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Title:
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Senior Vice President, Treasurer and Corporate Secretary
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Chesapeake Midstream Holdings, L.L.C.
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By:
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/s/ Jennifer M. Grigsby
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Name:
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Jennifer M. Grigsby
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Title:
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Senior Vice President, Treasurer and Corporate Secretary
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