Energy Transfer
SEC Filings
ETPETE
Form 8-K
ENERGY TRANSFER PARTNERS, L.P. filed this Form 8-K on 01/16/2018
Document Outline
Entire Document (1807.8 KB)
Subdocument 1 - 8-K - 8-K
Page 1 - UNITED STATES
Page 2 - Item 1.01. Entry into a Material Definitive Agreement.
Page 3 - Purchase Agreement
Page 4 - N/A
Page 5 - SIGNATURES
Subdocument 2 - EX-2.1 - EX-2.1
Page 1 - Exhibit 2.1
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - CONTRIBUTION AGREEMENT
Page 7 - ARTICLE I
Page 8 - ARTICLE II
Page 9 - Closing ) shall take place (a) at the offices of Latham Watkins LLP, 811 Main Street, Suite 3700, Ho
Page 10 - Estimated Adjustment Statement ) setting forth (i) an estimated combined balance sheet of the Compre
Page 11 - Estimated Purchase Price Adjustment Amount.
Page 12 - Independent Accounting Firm ). The Independent Accounting Firm shall resolve any disputes referred t
Page 13 - Transaction Debt ). The Parties intend that (i) (A) the distribution of the Closing Cash Considerati
Page 14 - N/A
Page 15 - N/A
Page 16 - December 31, 2016, (i) there has not been or occurred any event or condition that has had or would r
Page 17 - Permits ) necessary in any material respect to own, lease and operate their assets and properties an
Page 18 - N/A
Page 19 - N/A
Page 20 - Compression Business Insurance Policies ). There is no material claim, suit or other matter currentl
Page 21 - N/A
Page 22 - N/A
Page 23 - Material Contracts ) is or will be a valid and binding obligation of the Compression Group Entity pa
Page 24 - Major Customer ). Schedule 3.16(d)(2) contains a correct and complete list of the top ten suppliers
Page 25 - Leased Real Property.
Page 26 - ARTICLE IV
Page 27 - terms.
Page 28 - N/A
Page 29 - N/A
Page 30 - December 31, 2016, except at set forth on Schedule 4.10(a), (i) there has not been or occurred any e
Page 31 - N/A
Page 32 - Acquiror Subject Employees ), and the Acquiror Subject Employees provide Acquiror those services tha
Page 33 - WARN ), without complying with the notice requirements and other provisions of WARN.
Page 34 - N/A
Page 35 - N/A
Page 36 - N/A
Page 37 - N/A
Page 38 - NYSE ).
Page 39 - ARTICLE V
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Page 44 - N/A
Page 45 - Phantom Unit Award Agreement ) but excluding any discretionary vesting permitted by the terms of the
Page 46 - N/A
Page 47 - N/A
Page 48 - Resigning Directors and Officers ), to resign or be removed from the officer and director positions
Page 49 - N/A
Page 50 - Acquisition Transaction ), (b) knowingly facilitate, encourage, solicit or initiate discussions, neg
Page 51 - N/A
Page 52 - Transfer Taxes ) shall be borne 50% by the Contributor Parties and 50% by Acquiror, and Acquiror and
Page 53 - Special Financial Statements ). The Contributor Parties (i) shall cooperate with and permit Acquiror
Page 54 - Acquisition Financing , and the sources of the Acquisition Financing, including any entities that ha
Page 55 - Audited Financial Statements ); (B) the unaudited balance sheet and the related unaudited statements
Page 56 - Required Information ); (ii) use all reasonable best efforts to cause the ETP Accounting Firm to pro
Page 57 - N/A
Page 58 - N/A
Page 59 - Qualifying Offer. Each Subject Employee who accepts Acquiror s (or Acquiror Management s) offer of e
Page 60 - Severance Release ) which becomes effective no later than sixty (60) days following such termination
Page 61 - Acquiror 401(k) Plan ). Effective as of, and as soon as practicable following, the Closing Date, the
Page 62 - ETP LTIP Units ) as of the Closing Date; or (ii) is hired into a position of Director or above with
Page 63 - ARTICLE VI
Page 64 - N/A
Page 65 - ARTICLE VII
Page 66 - Indemnified Parties and, together with the Acquiror Indemnified Parties, the Indemnified Parties ),
Page 67 - Expiration Date ); provided that (A) the Fundamental Representations shall survive indefinitely, (B)
Page 68 - Claim ) by providing a written notice (a Claim Notice ) within the designated survival period for su
Page 69 - N/A
Page 70 - N/A
Page 71 - ARTICLE VIII
Page 72 - Outside Date ); provided, that if by June 30, 2018, (i) the Closing has not occurred and (ii) the co
Page 73 - ARTICLE X
Page 74 - N/A
Page 75 - N/A
Page 76 - Disclosure Schedules ) shall not be deemed to be an admission or acknowledgment by the disclosing pa
Page 77 - Finance Related Parties ), nor shall any Finance Related Party have any liability whatsoever to any
Page 78 - SIGNATURE PAGE TO
Page 79 - SIGNATURE PAGE TO
Page 80 - SIGNATURE PAGE TO
Page 81 - EXHIBIT A
Page 82 - Acquiror DRIP means the Dividend Reinvestment Program of Acquiror, as in effect as of the Execution
Page 83 - Acquiror Material Contracts means each Contract filed or required to be filed as an exhibit to the A
Page 84 - Cap shall have the meaning specified in Section 7.3(c)(i).
Page 85 - Compression Group Budget means the Compression Group Entities 2017 budget and, with respect to 2018,
Page 86 - Contributor Indemnified Parties shall have the meaning specified in Section 7.2.
Page 87 - Deductible shall have the meaning specified in Section 7.3(b)(i).
Page 88 - Equity Consideration shall have the meaning specified in Section 2.1.
Page 89 - Expiration Date shall have the meaning specified in Section 7.3(d)(i).
Page 90 - HSR Act means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules an
Page 91 - Major Supplier shall have the meaning specified in Section 3.16(d).
Page 92 - Operational Employees means those Subject Employees set forth on Schedule 5.18(a) as Operational Emp
Page 93 - Person means any individual, partnership, limited partnership, limited liability company, corporatio
Page 94 - Qualifying Offer shall have the meaning specified in Section 5.18(a).
Page 95 - Securities Act means the Securities Act of 1933, as amended from time to time, and the rules and reg
Page 96 - Tax Returns means any return, declaration, report, claim for refund, estimate, information, renditio
Page 97 - Unaudited Yearly Financial Statements means an unaudited combined balance sheet of the Compression G
Page 98 - EXHIBIT B
Page 99 - SECOND AMENDED AND RESTATED
Page 100 - TABLE OF CONTENTS
Page 101 - N/A
Page 102 - N/A
Page 103 - N/A
Page 104 - SECOND AMENDED AND RESTATED AGREEMENT
Page 105 - NOW, THEREFORE, the General Partner does hereby amend and restate the 2013 Agreement, pursuant to it
Page 106 - Adjusted Property means any property the Carrying Value of which has been adjusted pursuant to Secti
Page 107 - Available Cash means, with respect to any Quarter ending prior to the Liquidation Date:
Page 108 - Bridge Loan means the Bridge Loan as defined in the Series A Purchase Agreement.]2
Page 109 - Cause means a court of competent jurisdiction has entered a final, non-appealable judgment finding t
Page 110 - Code means the Internal Revenue Code of 1986, as amended and in effect from time to time. Any refere
Page 111 - Conversion Unit is defined in Section 6.1(d)(xiii).
Page 112 - General Partner means USA Compression GP, LLC, a Delaware limited liability company, and its success
Page 113 - Hedge Contract means any exchange, swap, forward, cap, floor, collar, option or other similar agreem
Page 114 - Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditur
Page 115 - Maintenance Capital Expenditures means cash expenditures including expenditures for the addition or
Page 116 - Nonrecourse Deductions means any and all items of loss, deduction or expenditure (including any expe
Page 117 - Opinion of Counsel means a written opinion of counsel (who may be regular counsel to the Partnership
Page 118 - Partner Nonrecourse Debt has the meaning set forth in Treasury Regulation Section 1.704-2(b)(4).
Page 119 - Partnership Interest means any class or series of equity interest (or, in the case of the General Pa
Page 120 - Person means an individual or a corporation, firm, limited liability company, partnership, joint ven
Page 121 - Record Holder means (a) with respect to Partnership Interests of any class of Partnership Interests
Page 122 - Series A Change of Control Notice is defined in Section 5.12(b)(vii)(A).
Page 123 - Series A Distribution Payment Date is defined in Section 5.12(b)(i)(A).
Page 124 - Series A PIK Payment Date is defined in Section 5.12(b)(i)(D).
Page 125 - Surviving Business Entity is defined in Section 14.2(b)(ii).
Page 126 - Unrealized Gain attributable to any item of Partnership property means, as of any date of determinat
Page 127 - ARTICLE II.
Page 128 - ARTICLE III.
Page 129 - N/A
Page 130 - ARTICLE IV.
Page 131 - N/A
Page 132 - N/A
Page 133 - N/A
Page 134 - N/A
Page 135 - N/A
Page 136 - N/A
Page 137 - ARTICLE V.
Page 138 - N/A
Page 139 - N/A
Page 140 - N/A
Page 141 - N/A
Page 142 - N/A
Page 143 - N/A
Page 144 - Series A Preferred Units ), with the designations, preferences and relative, participating, optional
Page 145 - Series A Quarterly Distribution ). Provided that no Payment Default has occurred and is continuing,
Page 146 - Series A Unpaid Distributions ) will accrue and accumulate at the Deficiency Rate from and including
Page 147 - Series A PIK Payment Date ). On the Series A PIK Payment Date, the Partnership shall have the option
Page 148 - N/A
Page 149 - N/A
Page 150 - Ongoing Default Trigger ), then from and after such date unless and until such time as all Series A
Page 151 - Series A Conversion Notice, and the date such notice is received, a Series A Conversion Notice Date
Page 152 - Converted Series A Preferred Unit ), immediately upon the issuance of Series A Conversion Units purs
Page 153 - N/A
Page 154 - Series A Change of Control Notice ) of such Series A Change of Control (including a summary of all m
Page 155 - N/A
Page 156 - Series A Substantially Equivalent Unit ); provided, however, that if the Partnership is unable to de
Page 157 - N/A
Page 158 - Series A Redemption Notice ) to the Series A Preferred Unitholders, to redeem all or any portion of
Page 159 - Series A Forced Redemption Notice ) to the Partnership, to require the Partnership to redeem all or
Page 160 - N/A
Page 161 - Class B Conversion Date ), each Class B Unit shall automatically be converted into one Common Unit.
Page 162 - N/A
Page 163 - ARTICLE VI.
Page 164 - N/A
Page 165 - Excess Distribution and the Unit with respect to which the greater distribution is paid, an Excess D
Page 166 - N/A
Page 167 - N/A
Page 168 - N/A
Page 169 - Conversion Unit ) upon the exercise of a noncompensatory option, the Carrying Value of each Partners
Page 170 - N/A
Page 171 - Capital Surplus. Notwithstanding any provision to the contrary contained in this Agreement, all dist
Page 172 - N/A
Page 173 - ARTICLE VII.
Page 174 - N/A
Page 175 - Transaction Documents ) (in each case other than this Agreement, without giving effect to any amendm
Page 176 - N/A
Page 177 - N/A
Page 178 - Affiliates when used in this Section 7.6(d) with respect to the General Partner shall not include an
Page 179 - N/A
Page 180 - N/A
Page 181 - N/A
Page 182 - N/A
Page 183 - N/A
Page 184 - N/A
Page 185 - Holder ) to dispose of the number of Partnership Interests it desires to sell at the time it desires
Page 186 - N/A
Page 187 - Indemnified Persons ) from and against any and all losses, claims, damages, liabilities, joint or se
Page 188 - N/A
Page 189 - ARTICLE VIII.
Page 190 - ARTICLE IX.
Page 191 - ARTICLE X.
Page 192 - N/A
Page 193 - ARTICLE XI.
Page 194 - Withdrawal Opinion of Counsel ) that such withdrawal (following the selection of the successor Gener
Page 195 - Combined Interest ) in exchange for an amount in cash equal to the fair market value of such Combine
Page 196 - control premium ), the value of the General Partner Interest and other factors it may deem relevant.
Page 197 - N/A
Page 198 - N/A
Page 199 - N/A
Page 200 - ARTICLE XIII.
Page 201 - N/A
Page 202 - N/A
Page 203 - N/A
Page 204 - N/A
Page 205 - Outstanding ) shall be entitled to notice of, and to vote at, a meeting of Limited Partners or to ac
Page 206 - ARTICLE XIV.
Page 207 - N/A
Page 208 - N/A
Page 209 - N/A
Page 210 - ARTICLE XV.
Page 211 - Notice of Election to Purchase ) and shall cause the Transfer Agent to mail a copy of such Notice of
Page 212 - ARTICLE XVI.
Page 213 - Consenting Parties and each a Consenting Party ):
Page 214 - Dispute ), shall be exclusively brought in the Court of Chancery of the State of Delaware or, if suc
Page 215 - N/A
Page 216 - N/A
Page 217 - EXHIBIT A
Page 218 - N/A
Page 219 - N/A
Page 220 - ASSIGNMENT OF COMMON UNITS OF
Page 221 - EXHIBIT B
Page 222 - EXHIBIT C
Page 223 - FORM OF ASSIGNMENT AGREEMENT
Page 224 - N/A
Page 225 - SIGNATURE PAGE TO
Page 226 - EXHIBIT D
Page 227 - FORM OF TRANSITION SERVICES AGREEMENT
Page 228 - Service Employee ) shall be solely employed by ETP or an Affiliate thereof during the period that he
Page 229 - USAC Data shall mean all data that (i) is or has been obtained, developed or produced by ETP or ETP
Page 230 - Force Majeure Event ). A Party impacted by a Force Majeure Event shall promptly notify the other Par
Page 231 - Sales Taxes. All consideration under this Agreement is exclusive of any sales, transfer, value-added
Page 232 - Indemnity.
Page 233 - ARTICLE VI
Page 234 - Effect of Termination.
Page 235 - Entire Agreement. This Agreement (which term shall be deemed to include the Exhibits and Schedules h
Page 236 - Waiver of Compliance. Any failure of USAC, on the one hand, or ETP, on the other hand, to comply wit
Page 237 - Rules of Construction.
Page 238 - Relationship of the Parties. Each Party and its Affiliates, as applicable, shall be acting as an ind
Page 239 - IN WITNESS WHEREOF, each Party hereto has caused this Agreement to be duly executed on its behalf as
Page 240 - SIGNATURE PAGE TO
Page 241 - SCHEDULE 1.1
Page 242 - Engineering Support
Page 243 - Purchasing and Vendor Management Support
Page 244 - N/A
Page 245 - Support for Truck Fleet
Page 246 - Equipment
Page 247 - SCHEDULE 1.2
Page 248 - EXHIBIT E
Page 249 - REGISTRATION RIGHTS AGREEMENT
Page 250 - ARTICLE I
Page 251 - Holding Period means the period beginning on the date of this Agreement through the earlier of (a) e
Page 252 - Purchase Agreement shall have the meaning set forth in the recitals.
Page 253 - Series A Preferred Holder means any holder of the Partnership s Series A Preferred Units representin
Page 254 - N/A
Page 255 - Other Holder ), other than on a registration statement on Form S-8 or Form S-4, and the form of regi
Page 256 - N/A
Page 257 - Suspension Period. In no event shall the number of days covered by (i) any one Suspension Period exc
Page 258 - N/A
Page 259 - N/A
Page 260 - Filing Date ), then the Holders requesting such registration shall be entitled to a payment (with re
Page 261 - Registration Expenses ), shall be paid by the Partnership. The Holders shall bear and pay the underw
Page 262 - N/A
Page 263 - N/A
Page 264 - ARTICLE III
Page 265 - N/A
Page 266 - N/A
Page 267 - N/A
Page 268 - Courts ), for the purposes of any Proceeding arising out of or relating to this Agreement or any tra
Page 269 - N/A
Page 270 - SIGNATURE PAGE TO
Page 271 - Schedule I
Subdocument 3 - EX-2.2 - EX-2.2
Page 1 - Exhibit 2.2
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - EXHIBIT
Page 5 - PURCHASE AGREEMENT
Page 6 - ARTICLE I
Page 7 - ARTICLE II
Page 8 - Closing ) shall take place (a) at the offices of Latham Watkins LLP, 811 Main Street, Suite 3700, Ho
Page 9 - HSR Act ), or (c) for any filings required for compliance with any applicable requirements of the fe
Page 10 - DRULPA ).
Page 11 - Seller has made available to the Acquiror Parties true and complete copies of the Organizational Doc
Page 12 - N/A
Page 13 - N/A
Page 14 - NYSE ), in each case that are effective and applicable to the MLP.
Page 15 - Permits ) necessary to own, lease and operate their assets and properties and to lawfully carry on t
Page 16 - Subject Employees ), and the Subject Employees provide the General Partner and the MLP those service
Page 17 - WARN ), without complying with the notice requirements and other provisions of WARN.
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - ARTICLE V
Page 23 - ARTICLE VI
Page 24 - N/A
Page 25 - Remedial Action ) in connection with this Agreement, the other Transaction Documents or any of the t
Page 26 - N/A
Page 27 - N/A
Page 28 - N/A
Page 29 - Resigning Directors and Officers ).
Page 30 - Acquisition Transaction ), (b) knowingly facilitate, encourage, solicit or initiate discussions, neg
Page 31 - Transfer Taxes ) shall be borne 50% by Seller and 50% by the Acquiror Parties and the party required
Page 32 - N/A
Page 33 - N/A
Page 34 - ARTICLE VII
Page 35 - N/A
Page 36 - Assignment of Interests ), evidencing the conveyance, assignment, transfer and delivery to ETP LLC o
Page 37 - ARTICLE VIII
Page 38 - Survival Period ). Each of the Parties acknowledges that from and after Closing it will not have any
Page 39 - Claim ) by providing a written notice (a Claim Notice ) within the applicable Survival Period to the
Page 40 - Deductible ) arising from Claims under Section 8.2(a)(ii) (and then recoverable Losses claimed under
Page 41 - N/A
Page 42 - ARTICLE IX
Page 43 - Outside Date ); provided, that if by June 30, 2018, (i) the Closing has not occurred and (ii) the co
Page 44 - Courts ), for the purposes of any Proceeding arising out of or relating to this Agreement or any tra
Page 45 - N/A
Page 46 - N/A
Page 47 - Disclosure Schedules ) shall not be deemed to be an admission or acknowledgment by the disclosing pa
Page 48 - N/A
Page 49 - SIGNATURE PAGE TO
Page 50 - SIGNATURE PAGE TO
Page 51 - SIGNATURE PAGE TO
Page 52 - SIGNATURE PAGE TO
Page 53 - EXHIBIT A
Page 54 - Claim Notice shall have the meaning specified in Section 8.3(a).
Page 55 - ERISA means the Employee Retirement Income Security Act of 1974, as amended.
Page 56 - Hazardous Material shall mean any: (a) chemical, product, material, substance or waste defined as or
Page 57 - Loss shall have the meaning specified in Section 8.2(a).
Page 58 - MLP SEC Reports means all periodic reports, current reports and registration statements, including e
Page 59 - Party means, as applicable, ETE, ETP LLC, Seller and, solely for purposes of Section 6.12, Article X
Page 60 - Purchase Price shall have the meaning specified in Section 2.1(a).
Page 61 - Subject Interests shall have the meaning specified in the recitals.
Page 62 - Transaction Documents means, collectively, this Agreement, the Confidentiality Agreement, the Regist
Page 63 - EXHIBIT B
Page 64 - ASSIGNMENT AGREEMENT
Page 65 - N/A
Page 66 - N/A
Page 67 - SIGNATURE PAGE TO
Page 68 - EXHIBIT C
Page 69 - REGISTRATION RIGHTS AGREEMENT
Page 70 - ARTICLE I
Page 71 - Holding Period means the period beginning on the date of this Agreement through the earlier of (a) e
Page 72 - Purchase Agreement shall have the meaning set forth in the recitals.
Page 73 - Series A Preferred Holder means any holder of the Partnership s Series A Preferred Units representin
Page 74 - N/A
Page 75 - Other Holder ), other than on a registration statement on Form S-8 or Form S-4, and the form of regi
Page 76 - N/A
Page 77 - Suspension Period. In no event shall the number of days covered by (i) any one Suspension Period exc
Page 78 - N/A
Page 79 - N/A
Page 80 - Filing Date ), then the Holders requesting such registration shall be entitled to a payment (with re
Page 81 - Registration Expenses ), shall be paid by the Partnership. The Holders shall bear and pay the underw
Page 82 - N/A
Page 83 - N/A
Page 84 - ARTICLE III
Page 85 - N/A
Page 86 - N/A
Page 87 - N/A
Page 88 - Courts ), for the purposes of any Proceeding arising out of or relating to this Agreement or any tra
Page 89 - N/A
Page 90 - SIGNATURE PAGE TO
Page 91 - Schedule I
Page 92 - EXHIBIT D
Subdocument 4 - EX-99.1 - EX-99.1
Page 1 - Exhibit 99.1
Page 2 - Management Commentary
Page 3 - Conference Call Information
Page 4 - USAC Investor Contact: