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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D/A
(Amendment No. 4 )*
Under the Securities Exchange Act of 1934
REGENCY ENERGY PARTNERS LP
(Name of Issuer)
(Title of Class of Securities)
(CUSIP Number)
David W. Knickel
c/o HM Capital Partners LLC
200 Crescent Court, Suite 1600
Dallas, Texas 75201
(214) 740-7300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
copy to:
Rodney L. Moore
Vinson & Elkins LLP
2001 Ross Avenue
Suite 3700
Dallas, Texas 75201-2975
(214) 220-7781
February 15, 2007
(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. o
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 remainder of this cover page shall be filled out for a reporting persons 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).
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Regency Acquisition LP/32-0130149 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware, United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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3,456,255 Common Units (1) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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3,456,255 Common Units (1) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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3,456,255 Common Units (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ (3)
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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12.4% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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PN |
(1) These units are held of record by Regency Acquisition LP (Acquisition). The relationship of the parties filing this Schedule 13D is described in Item 2.
(2) The subordinated units held by Acquisition may be converted into an equal number of common units upon satisfaction of the conditions in the Issuer Partnership Agreement (as herein defined).
(3) Excludes (i) 3 Common Units held of record by HMTF GP, L.L.C. (HMTF Gas GP), the sole member
of which is Hicks, Muse, Tate & Furst Equity Fund V, L.P. (Fund V), which Common Unit may be deemed to be beneficially owned by each of Fund V and HM5/GP LLC (General Partner), which is the general partner of Fund V,
as a result of their relationship with HMTF Gas GP, (ii) 4,592,464 Common Units held of record by Fund V, which Common Units may be deemed to be beneficially owned by General Partner as a result of General Partner being the general partner of Fund V, and (iii) an aggregate of 99,950 Common Units held of record by two limited partnerships, each of which limited partnership General Partner serves as the general partner and which Common Units may be deemed to be beneficially owned by General Partner. Beneficial ownership of the units described in the foregoing clauses (i), (ii) and (iii) is disclaimed pursuant to Rule 13d
-4 under the Securities Exchange Act of 1934.
2
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Regency Holdings LLC/20-4169090 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware, United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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3,456,255 Common Units (1) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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3,456,255 Common Units (1) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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3,456,255 Common Units (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ (3)
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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12.4% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
(1) These units are held of record by Regency Acquisition LP (Acquisition). The relationship of the parties filing this Schedule 13D is described in Item 2.
(2) The subordinated units held by Acquisition may be converted into an equal number of common units upon satisfaction of the conditions in the Issuer Partnership Agreement (as herein defined).
(3) Excludes (i) 3 Common Units held of record by HMTF GP, L.L.C. (HMTF Gas GP),
the sole member of which is Hicks, Muse, Tate & Furst Equity Fund V, L.P. (Fund V), which Common Unit may be deemed to be beneficially owned by each of Fund V and HM5/GP LLC
(General Partner), which is the general partner of Fund V, as a result of their relationship
with HMTF Gas GP, (ii) 4,592,464 Common Units held of record by Fund V, which Common Units may be deemed to be beneficially owned by General Partner as a result of
General Partner being the general partner of Fund V, and (iii) an aggregate of 99,950
Common Units held of record by two limited partnerships, each of which limited partnership
General Partner serves as the general partner and which Common Units may be deemed to be
beneficially owned by General Partner. Beneficial ownership of the units described in the foregoing
clauses (i), (ii) and (iii) is disclaimed pursuant to Rule 13d
-4 under the Securities Exchange Act of 1934.
3
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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HMTF Regency, L.P./30-0280324 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware, United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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3,456,255 Common Units (1) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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3,456,255 Common Units (1) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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3,456,255 Common Units (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ (3)
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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12.4% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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PN |
(1) These units are held of record by Regency Acquisition LP (Acquisition). The relationship of the parties filing this Schedule 13D is described in Item 2.
(2) The subordinated units held by Acquisition may be converted into an equal number of common units upon satisfaction of the conditions in the Issuer Partnership Agreement (as herein defined).
(3) Excludes (i) 3 Common Units held of record by HMTF GP, L.L.C. (HMTF Gas GP),
the sole member of which is Hicks, Muse, Tate & Furst Equity Fund V, L.P. (Fund V),
which Common Unit may be deemed to be beneficially owned by each of Fund V and HM5/GP LLC (General Partner),
which is the general partner of Fund V, as a result of their relationship with HMTF Gas GP, (ii) 4,592,464 Common Units held of record by Fund V, which Common Units may be deemed to be beneficially owned by General Partner as a result of General Partner being the general partner of Fund V, and (iii) an aggregate of 99,950 Common Units held of record by two limited partnerships, each of which limited partnership General Partner serves as the general partner and which Common Units may be deemed to be beneficially owned by General Partner. Beneficial ownership of the units described in the foregoing clauses (i), (ii) and (iii) is disclaimed pursuant to Rule 13d
-4 under the Securities Exchange Act of 1934.
4
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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HMTF Regency, L.L.C./30-0280317 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware, United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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3,456,255 Common Units (1) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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3,456,255 Common Units (1) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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3,456,255 Common Units (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ (3)
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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12.4% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
(1) These units are held of record by Regency Acquisition LP (Acquisition). The relationship of the parties filing this Schedule 13D is described in Item 2.
(2) The subordinated units held by Acquisition may be converted into an equal number of common units upon satisfaction of the conditions in the Issuer Partnership Agreement (as herein defined).
(3) [Excludes (i) 3 Common Units held of record by HMTF GP, L.L.C. (HMTF Gas GP),
the sole member of which is Hicks, Muse, Tate & Furst Equity Fund V, L.P. (Fund V),
which Common Unit may be deemed to be beneficially owned by each of Fund V and HM5/GP LLC (General Partner), which is the general partner of Fund V, as a result of their relationship with HMTF Gas GP, (ii) 4,592,464 Common Units held of record by Fund V, which Common Units may be deemed to be beneficially owned by General Partner as a result of General Partner being the general partner of Fund V, and (iii) an aggregate of 99,950 Common Units held of record
by two limited partnerships, each of which limited partnership General Partner serves as the general partner and which Common Units may be deemed to be beneficially owned by General Partner. Beneficial ownership of the units described in the foregoing clauses (i), (ii) and (iii) is disclaimed pursuant to Rule 13d-4 under the Securities Exchange Act of 1934.
5
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Hicks, Muse, Tate & Furst Equity Fund V, L.P./75-2889488 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware, United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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8,048,722 Common Units (1) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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8,048,722 Common Units (1) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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8,048,722 Common Units (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ (3)
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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28.9% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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PN |
(1) Includes (i) 3,456,255 Common Units held of record by Regency Acquisition
LP (Acquisition), (ii) 3 Common Units held of record by HMTF GP, L.L.C.,
(HMTF Gas GP) the sole member of which is Hicks, Muse, Tate & Furst Equity Fund V,
L.P. (Fund V), which Common Unit may be deemed to be beneficially owned by Fund V,
and (iii) 4,592,464 Common Units held of record by Fund V. The relationship of the parties filing
this Schedule
13D is described in Item 2.
(2) The subordinated units held by Acquisition
may be converted into an equal number of common units upon satisfaction of the conditions in the
Issuer Partnership Agreement (as herein defined).
(3) Excludes an aggregate of 99,950 Common Units held of record by two
limited partnerships each of which limited partnership HM5/GP LLC serves as the general partner
and which Common Units may be deemed to be beneficially owned by HM5/GP LLC, beneficial ownership
of which units is disclaimed pursuant to Rule 13d-4 under the Securities Exchange Act of 1934.
6
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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HM5/GP LLC/75-2889485 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware, United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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8,148,672 Common Units (1) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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8,148,672 Common Units (1) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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8,148,672 Common Units (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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29.3% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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00 |
(1) Includes (i) 3,456,255 Common Units held of
record by Regency Acquisition LP (Acquisition), (ii) 3 Common Units held of record by
HMTF GP, L.L.C. (HMTF Gas GP), the sole member of which is Hicks, Muse, Tate & Furst
Equity Fund V, L.P. (Fund V), which Common Unit may be deemed to be beneficially owned
by each of Fund V and HM5/GP LLC (General Partner), which is the general partner of
Fund V, as a result of their relationship with HMTF Gas GP, (ii) 4,592,464 Common Units held of
record by Fund V, which Common Units may be deemed to be beneficially owned by General Partner as
a result of it being the general partner of Fund V and (iii) an aggregate of 99,950 Common Units
held of record by two limited partnerships, each of which limited partnership General Partner
serves as the general partner and which Common Units may be deemed to be beneficially owned by
General Partner. The relationship of the parties filing this Schedule 13D is described in Item 2.
(2) The subordinated units held by Acquisition may be converted into an equal number of common units upon satisfaction of the conditions in the Issuer Partnership Agreement (as herein defined).
7
TABLE OF CONTENTS
This Amendment No. 4 to Schedule 13D is being filed jointly by Regency Acquisition LP, a
Delaware limited partnership (Acquisition); Regency Holdings LLC, a Delaware limited liability
company and the general partner of Acquisition (Holdings); HMTF Regency, L.P., a Delaware limited
partnership which is the sole member of Holdings and owns all of the limited partnership interest
in Acquisition (HMTF Regency); HMTF Regency, L.L.C., a Texas limited liability company and the
general partner of HMTF Regency (HMTF GP); Hicks, Muse, Tate & Furst Equity Fund V, L.P., a
Delaware limited partnership and the sole member of HMTF GP (Fund V); and HM5/GP LLC, a Texas
limited liability company and the general partner of Fund V (the General Partner and, together
with Acquisition, Holdings, HMTF Regency, HMTF GP, and Fund V the HMTF Entities or the Filing
Parties) to amend the cover page of each Filing Party and Items 2, 3, 4, 5 and 6 and Schedule 1 of
the original Schedule 13D dated February 8, 2006, as amended by Amendment No. 1 dated March 24,
2006 (Amendment No. 1), Amendment No. 2 dated July 14, 2006, and Amendment No. 3 dated December
19, 2006 (Amendment No. 3) (collectively, the Original Schedule 13D). The full text of Items
2, 3, 4, 5 and 6 and Schedule I, as amended hereby, is restated in its entirety in this Amendment
No. 4. Items 1 and 7 of the Original Schedule 13D remain unchanged.
Unless otherwise indicated, capitalized terms used but not defined herein which are defined in
the Original Schedule 13D shall have the meanings assigned to such terms in the Original Schedule
13D.
The beneficial ownership reported in this Amendment No. 4 assumes that at March 29, 2007,
there were 27,844,291 Common Units outstanding.
Item 2. Identity and Background
(a) through (f)
This Schedule 13D is filed jointly by Regency Acquisition LP, a Delaware limited partnership
(Acquisition); Regency Holdings LLC, a Delaware limited liability company and the general partner
of Acquisition (Holdings); HMTF Regency, L.P., a Delaware limited partnership which is the sole
member of Holdings and owns all of the limited partnership interest in Acquisition (HMTF
Regency); HMTF Regency, L.L.C., a Texas limited liability company and the general partner of HMTF
Regency (HMTF GP); Hicks, Muse, Tate & Furst Equity Fund V, L.P., a Delaware limited partnership
and the sole member of HMTF GP (Fund V); HM5/GP LLC, a Texas limited liability company and the
general partner of Fund V (the General Partner) and, together with Acquisition, Holdings, HMTF
Regency, HMTF GP, and Fund V (the HMTF Entities or Filing Parties).
Acquisition was formed in 2004 to acquire, hold, vote, sell or otherwise dispose of direct or
indirect equity interests in Regency Gas Services LLC, a Delaware limited liability company which
was converted to a limited partnership in January 2006 (RGS). In connection with the initial
public offering of Common Units of the Issuer, Acquisition contributed all of the equity interest
in RGS to the Issuer in exchange for 5,353,896 Common Units and 19,103,896 Subordinated Units of
the Issuer issued directly to Acquisition and incentive distribution rights issued to Regency GP
LP, a Delaware limited partnership which is an indirect wholly owned subsidiary of Acquisition and
the general partner of the Issuer (Regency GP). The principal business of Acquisition now is to
hold, sell or otherwise dispose of Common Units and Subordinated Units of the Issuer and to
exercise control over the Issuer through Acquisitions 100% ownership of Regency GP LLC, a Delaware
limited liability company which is the general partner of Regency GP (GP LLC). The principal
business of RGS is gathering, processing, marketing and transporting natural gas and natural gas
liquids.
The principal business of each of the Filing Parties is as follows:
(1) Holdings is the general partner of Acquisition and in such capacity, controls the
activities of Acquisition;
(2) HMTF Regency is a holding company and does not engage in any business activity and owns
100% of the membership interest in Holdings and a 99.999% limited partner interest in Acquisition;
8
(3) HMTF GP is the general partner of HMTF Regency and, in such capacity, controls the
activities of HMTF Regency and Holdings;
(4) Fund V is an investment fund which acquires, holds, votes, sells and otherwise disposes of
debt and equity securities; and
(5) the General Partner is the general partner of Fund V and, in such capacity, controls the
activities of Fund V and HMTF GP.
The business address of the Filing Parties and HMTF is 200 Crescent Court, Suite 1600, Dallas,
Texas 75201.
Neither the Filing Parties nor, to the knowledge of the Filing Parties, any of the Listed
Persons (as defined below), during the last five years, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
Neither the Filing Parties nor, to the knowledge of the Filing Parties, any of the Listed
Persons (as defined below), during the last five years, was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of such proceeding was or
is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any violations with
respect to such laws.
The Filing Parties have entered into a Joint Filing Agreement, a copy of which is filed as
Exhibit A to the original Schedule 13D dated February 8, 2006, pursuant to which the Filing Parties
have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1)
under the Securities Exchange Act of 1934, as amended (the Act). Information with respect to each
Filing Party is given solely by such Filing Party, and no Filing Party assumes responsibility for
the accuracy or completeness of the information furnished by another Filing Party.
In accordance with the provisions of General Instruction C to Schedule 13D, certain
information concerning the executive officers of Holdings, HMTF GP and General Partner
(collectively, the Listed Persons) required by Item 2 of Schedule 13D is provided on Schedule 1
and is incorporated by reference herein.
Item 3. Source and Amount of Funds or Other Consideration
The Issuer was formed on September 8, 2005, as a Delaware limited partnership to own and
operate the business that has historically been conducted by RGS and its subsidiaries. In
connection with the closing of the Issuers initial public offering of Common Units on February 3,
2006, Acquisition conveyed all of the partnership interests in RGS to the Issuer. In exchange for
those partnership interests, Acquisition received 5,353,896 Common Units and 19,103,896
Subordinated Units held directly by Acquisition and incentive distribution rights which are held by
Acquisition indirectly through Regency GP.
On August 15, 2006, Regency Gas Services LP, a wholly owned subsidiary of the Issuer (Regency
Gas Services), consummated the acquisition of all of the outstanding limited partnership interest
of TexStar Field Services, L.P. (TexStar FS), and all of the outstanding membership interest in
TexStars general partner, TexStar GP, LLC (together with TexStar FS, TexStar) from HMTF Gas
Partners II, L.P. (HMTF Gas Partners) pursuant to a Contribution Agreement dated July 12, 2006,
between the Issuer, Regency Gas Services and HMTF Gas Partners (the TexStar Acquisition).
TexStar owns and operates natural gas gathering, treating and processing assets located in South
and East Texas.
As partial consideration for TexStar, the Issuer delivered to HMTF Gas Partners 5,173,189
class B common units of the Issuer (Class B Units). The Class B Units were converted into Common
Units on a one-for-one basis on February 15, 2007.
9
On February 15, 2007, HMTF Gas Partners distributed all of the Common Units held by it to its
ultimate partners. Pursuant to such distribution, 4,592,464 Common Units were distributed to Fund
V, an aggregate of 99,950 Common Units were distributed to two limited partnerships (the Coinvest
LPs), and 3 Units were distributed to HMTF GP, L.L.C. (HMTF Gas GP).
Fund V is the sole member of HMTF Gas GP. As a result, each of the General Partner and Fund V
may be deemed to have shared power to vote, or direct the voting of, and to dispose, or direct the
disposition of, the Common Units held by HMTF Gas GP, which Common Units previously were reported
as beneficially owned by the General Partner and Fund V in the Amendment No. 3 as a result of the
relationship of the General Partner and Fund V to HMTF Gas Partners as described in item 3 of
Amendment No. 3.
General Partner is the general partner of each of Fund V, and each of the Coinvest LPs and, as
a result, may be deemed to have power to vote, or direct the voting of, and to dispose, or direct
the disposition of, the Common Units held by each of Fund V and each of the Coinvest LPs.
Item 4. Purpose of Transaction
On February 3, 2006, Acquisition acquired 5,353,896 Common Units for investment purposes
as partial consideration of Acquisitions contribution to the Issuer of the partnership interest in
RGS in connection with the closing of the Issuers initial public offering. Effective March 16,
2006, Acquisition disposed of an aggregate of 1,897,641 Common Units as described in Item 5(c) of
Amendment No. 1.
On August 12, 2006, HMTF Gas Partners acquired for investment purposes 5,173,189 Class B Units
of the Issuer as partial consideration for the acquisition of TexStar as described in Item 3 above.
The Class B Units were converted into Common Units on a one-for-one basis on February 15, 2007.
On February 15, 2007, HMTF Gas Partners distributed all of the Common Units held by it to its
ultimate partners. Pursuant to such distribution, 4,592,464 Common Units were distributed to Fund
V, an aggregate of 99,950 Common Units were distributed to the Coinvest LPs, and 3 Units were
distributed to HMTF Gas GP.
Fund V is the sole member of HMTF Gas GP. As a result, each of the General Partner and Fund V
may be deemed to have shared power to vote, or direct the voting of, and to dispose, or direct the
disposition of, the Common Units held by HMTF Gas GP.
General Partner is the general partner of each of Fund V and each of the Coinvest LPs and, as
a result, may be deemed to have power to vote, or direct the voting of, and to dispose, or direct
the disposition of, the Common Units held by each of Fund V and each of the Coinvest LPs.
Representatives of the HMTF Entities serve on the board of directors of GP LLC, which is the
general partner of Regency GP (the general partner of the Issuer), and in such capacity will
influence the management policies and control of the Issuer with the aim of increasing the value of
the Issuer and thus the Filing Parties investment. The Filing Parties retain the right to change
their investment intent.
The Filing Parties may make additional purchases of Common Units either in the open market or
in private transactions depending on the Filing Parties business, prospects and financial
condition, the market for the Common Units, general economic conditions, stock market conditions
and other future developments.
The following describes plans or proposals that the Filing Parties may have as of the date of
this Schedule 13D with respect to the matters set forth in Item 4(a)-(j) of Schedule 13D:
(a) As more fully described in Item 6 below, under certain circumstances, the Subordinated
Units of the Issuer held by Acquisition are convertible into Common Units on a one-for-one basis.
The information with respect to the possible future conversion of Subordinated Units into Common
Units set forth in Item 6 of this Schedule 13D is hereby incorporated herein.
10
(b) None, other than as described in Item 4(a).
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) Except as described in this Item 4, the Filing Parties do not have, as of the date of this
Schedule 13D, any plans or proposals that relate to or would result in any of the actions or events
specified in clauses (a) through (i) of Item 4 of Schedule 13D. The Filing Parties may change
their plans or proposals in the future. In determining from time to time whether to sell the
Common Units reported as beneficially owned in this Schedule 13D (and in what amounts) or to retain
such securities, the Filing Parties will take into consideration such factors as they deem
relevant, including the business and prospects of the Issuer, anticipated future developments
concerning the Issuer, existing and anticipated market conditions from time to time, general
economic conditions, regulatory matters, and other opportunities available to the Filing Parties.
The Filing Parties reserve the right to acquire additional securities of the Issuer in the open
market, in privately negotiated transactions (which may be with the Issuer or with third parties)
or otherwise, to dispose of all or a portion of their holdings of securities of the Issuer or to
change their intention with respect to any or all of the matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer
(a) and (b)
Acquisition is the record and beneficial owner of 3,456,255 Common Units, which represent
approximately 12.4% of the outstanding Common Units. Acquisition also holds 16,699,462
Subordinated Units which are convertible into Common Units on a one-for-one basis upon satisfaction
of the conditions in the Issuer Partnership Agreement as described in Item 6.
As a result of the relationship of the General Partner to Fund V, Fund V to HMTF GP, HMTF GP
to HMTF Regency, HMTF Regency to Holdings, and Holdings to Acquisition, as described in Item 2,
each Filing Party may be deemed to have shared power to vote, or direct the vote of, and to
dispose, or direct the disposition of, the Common Units and Subordinated Units held of record by
Acquisition.
Fund V is the record and beneficial owner of 4,592,464 Common Units. As the general partner
of Fund V, General Partner may be deemed to have power to vote, or direct the vote of, and to
dispose, or direct the disposition of, the Common Units held directly by Fund V.
As a result of the relationship of the General Partner to Fund V and Fund V to HMTF Gas GP,
each of the General Partner and Fund V may be deemed to have shared power to vote, or direct the
vote of, and to dispose, or direct the disposition of, the 3 Common Units held of record by HMTF
Gas GP.
General Partner also is the general partner of each of the Coinvest LPs and, as a result, may
be deemed to have power to vote, or direct the voting of, and to dispose, or direct the disposition
of, the Common Units held by each of the Coinvest LPs.
11
As a result of the relationships described above, (i) Fund V may be deemed to beneficially own
the 3,456,255 Common Units held by Acquisition, the 4,592,464 Common Units held by Fund V and the 3
Common Units held by HMTF Gas GP, which represent in the aggregate approximately 28.9% of the
Common Units, and (ii) the General Partner may be deemed to beneficially own the Common Units
beneficially owned by Fund V and the 99,950 Common Units held of record by the Coinvest LPs, which
represent in the aggregate 29.3% of the Common Units.
The filing of this Schedule 13D shall not be construed as an admission by any Filing Party
that, for the purpose of Section 13(d) or 13(g) of the Act, such Filing Party is the beneficial
owner of any securities covered by this Schedule 13D other than securities owned of record by such
Filing Party.
Except as indicated in this Item 5 or as set forth below, neither the Filing Parties nor, to
the best knowledge of the Filing Parties, any of the persons named in Schedule 1 to this Amendment
No. 4 owns beneficially, or has any right to acquire, directly or indirectly, any Common Units.
Certain of the persons named in Schedule 1 to this Amendment No. 4 beneficially own Common Units in
the amounts set forth next to their names in such Schedule 1.
(c) Except for the distribution by HMTF Gas Partners of the 5,173,189 Common Units held of
record by HMTF Gas Partners as described in Item 3 above, there have been no reportable
transactions with respect to the Common Units in the past 60 days by the Filing Parties.
(d) No person other than the Filing Parties has the right to receive or the power to direct
the receipt of distributions from, or the proceeds from the sale of, the Common Units owned of
record by Acquisition. No person other than the General Partner and Fund V has the right to
receive or the power to direct the receipt of distributions from, or the proceeds from the sale of,
the Common Units owned of record by Fund V. No person other than the General Partner, Fund V, and
HMTF Gas GP has the right to receive or the power to direct the receipt of distributions from, or
the proceeds from the sale of, the Common Units owned of record by HMTF Gas GP. No person other
than General Partner and the Coinvest LPs has the right to receive or the power to direct the
receipt of distributions from, or the proceeds from the sale of, the Common Units owned of record
by Acquisition.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of
the Issuer
Subject to the terms and conditions of the Amended and Restated Agreement of Limited
Partnership of the Issuer, as amended (the Issuer Partnership Agreement), the general partner of
the Issuer and its affiliates, including Acquisition and HMTF Gas Partners, have the right to cause
the Issuer to register for resale under the Securities Act of 1933 and applicable state securities
laws any limited partner units that they hold. The Issuer is obligated to pay all expenses
incidental to the registration, excluding underwriting discounts and commission.
Pursuant to the terms of the Issuer Partnership Agreement, all of the Subordinated Units will
convert to Common Units on a one-for-one basis after December 31, 2006, if the Issuer meets the
conversion tests set forth in the Issuer Partnership Agreement. Depending on the matter subject to
a vote, the Subordinated Units vote either as a separate class from the Common Units or as part of
a single class with the Common Units.
The Issuer Partnership Agreement additionally contains various provisions with respect to the
units governing, among other matters, distributions, transfers and allocations of profits and
losses to the partners.
12
SIGNATURES
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.
Dated: March 29, 2007
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REGENCY ACQUISITION LP |
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By: |
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Regency Holdings LLC, general partner |
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By:
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s/ Jason Downie |
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Jason Downie, Vice President |
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REGENCY HOLDINGS LLC |
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By: |
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/s/ JASON DOWNIE |
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Jason Downie, Vice President |
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HMTF REGENCY, L.P. |
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By: |
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HMTF Regency, L.L.C. |
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By:
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/s/ JASON DOWNIE |
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Jason Downie, Vice President |
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HMTF Regency, L.L.C. |
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By: |
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/s/ JASON DOWNIE |
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Jason Downie, Vice President |
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HICKS, MUSE, TATE & FURST EQUITY FUND V, L.P. |
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By: |
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HM5/GP LLC, its general partner |
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By:
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/s/ David W. Knickel |
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David W. Knickel, Vice President |
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HM5/GP LLC |
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By: |
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/s/ David W. Knickel |
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David W. Knickel, Vice President |
S-1
SCHEDULE I
General Partners, Executive Officers, Managers and Board of Directors
Regency Holdings LLC and HMTF Regency, L.L.C.
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Common Units |
Name |
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Position and Present Principal Occupation/Business |
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Beneficially Owned |
Jack D. Furst
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President
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12,500 |
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Joe Colonnetta
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Executive Vice President
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25,000 |
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Edward Herring
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Vice President
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10,000 |
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Jason Downie
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Vice President
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11,000 |
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Larry Connors
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Vice President Tax; Mr. Connors also serves as
Vice President Finance and Accounting and Chief
Accounting Officer of Regency GP LLC, the general
partner of Regency GP
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19,914 |
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David W. Knickel
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Vice President, Treasurer and Secretary
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200 |
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Each of Messrs. Connors and Knickel is a United States citizen.
The principal business address for each of the persons listed above, other than Mr. Connors,
is c/o HM Capital Partners LLC, 200 Crescent Court, Suite 1600, Dallas, Texas 75201.
The principal business address for Mr. Connors is 1700 Pacific Avenue, Suite 2900, Dallas,
Texas 75201
HM5/GP LLC
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Common Units |
Name |
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Position and Present Principal Occupation/Business |
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Beneficially Owned |
John R. Muse
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Chairman
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50,000 |
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Jack D. Furst
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Chief Operating Officer
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12,500 |
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Peter Brodsky
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Executive Vice President
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-0- |
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Joe Colonnetta
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Executive Vice President
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25,000 |
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Andrew S. Rosen
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Executive Vice President
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3,500 |
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David W. Knickel
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Vice President and Chief Financial Officer
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200 |
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Mr. Knickel is a United States citizen.
The principal business address for each of the persons listed above, is c/o HM Capital
Partners LLC, 200 Crescent Court, Suite 1600, Dallas, Texas 75201.
Schedule I-1
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Includes 6,000 Common Units held in custodial accounts
for the benefit of Mr. Downies children, over which
Common Units Mr. Downie and his wife have shared voting
and dispositive power as custodians for such accounts. |
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Consists solely of Common Units held in trust accounts
for the benefit of Mr. Rosens children, over which
Common Units Mr. Rosen and his wife have shared voting
and dispositive power as trustees of such trust. |
Schedule I-2