Amendment No. 2 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

CVR Partners, LP

(Name of Issuer)

Common Units representing Limited Partner Interests

(Title of Class of Securities)

126633106

(CUSIP Number)

Marisa Beeney

GSO Capital Partners LP

345 Park Avenue

New York, New York 10154

Tel: (212) 583-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 20, 2017

(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 remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter 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).

 

 

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Cactus Credit Opportunities Fund LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

1,609,706

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

1,609,706

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

1,609,706

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

1.4%

14  

Type of reporting person (see instructions)

 

PN

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Steamboat Nitro Blocker LLC

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Cayman Islands, British West Indies

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

625,348

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

625,348

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

625,348

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

0.6%

14  

Type of reporting person (see instructions)

 

OO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Steamboat Credit Opportunities Intermediate Fund LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Cayman Islands, British West Indies

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

625,348

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

625,348

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

625,348

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

0.6%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Coastline Credit Partners LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

541,610

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

541,610

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

541,610

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

0.5%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO ADGM II Nitro Blocker LLC

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

2,115,513

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

2,115,513

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

2,115,513

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

1.9%

14  

Type of reporting person (see instructions)

 

OO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Aiguille des Grands Montets Fund II LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Ontario, Canada

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

2,115,513

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

2,115,513

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

2,115,513

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

1.9%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Palmetto Opportunistic Investment Partners LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

1,133,335

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

1,133,335

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

1,133,335

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

1.0%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Credit-A Partners LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

2,625,237

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

2,625,237

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

2,625,237

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

2.3%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Special Situations Fund LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

4,127,774

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

4,127,774

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

4,127,774

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

3.6%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO SSOMF Nitro Blocker LLC

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

3,024,233

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

3,024,233

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

3,024,233

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

2.7%

14  

Type of reporting person (see instructions)

 

OO

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Special Situations Overseas Master Fund Ltd.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Cayman Islands, British West Indies

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

3,024,233

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

3,024,233

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

3,024,233

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

2.7%

14  

Type of reporting person (see instructions)

 

CO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Palmetto Opportunistic Associates LLC

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

1,133,335

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

1,133,335

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

1,133,335

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

1.0%

14  

Type of reporting person (see instructions)

 

OO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Credit-A Associates LLC

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

2,625,237

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

2,625,237

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

2,625,237

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

2.3%

14  

Type of reporting person (see instructions)

 

OO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Holdings I L.L.C.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

3,758,572

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

3,758,572

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

3,758,572

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

3.3%

14  

Type of reporting person (see instructions)

 

OO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Blackstone Holdings II L.P.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

3,758,572

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

3,758,572

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

3,758,572

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

3.3%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Capital Partners LP

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

12,044,184

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

12,044,184

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

12,044,184

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

10.6%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

GSO Advisor Holdings L.L.C.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

12,044,184

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

12,044,184

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

12,044,184

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

10.6%

14  

Type of reporting person (see instructions)

 

OO


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Blackstone Holdings I L.P.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

12,044,184

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

12,044,184

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

12,044,184

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

10.6%

14  

Type of reporting person (see instructions)

 

PN


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Blackstone Holdings I/II GP Inc.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

15,802,756

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

15,802,756

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

15,802,756

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

13.9%

14  

Type of reporting person (see instructions)

 

CO

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

The Blackstone Group L.P.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

15,802,756

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

15,802,756

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

15,802,756

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

13.9%

14  

Type of reporting person (see instructions)

 

PN

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Blackstone Group Management L.L.C.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

15,802,756

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

15,802,756

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

15,802,756

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

13.9%

14  

Type of reporting person (see instructions)

 

OO

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Bennett J. Goodman

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

United States of America

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

0

     8   

Shared voting power

 

15,802,756

     9   

Sole dispositive power

 

0

   10   

Shared dispositive power

 

15,802,756

11  

Aggregate amount beneficially owned by each reporting person

 

15,802,756

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

13.9%

14  

Type of reporting person (see instructions)

 

IN

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

J. Albert Smith III

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

United States of America

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

0

     8   

Shared voting power

 

15,802,756

     9   

Sole dispositive power

 

0

   10   

Shared dispositive power

 

15,802,756

11  

Aggregate amount beneficially owned by each reporting person

 

15,802,756

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

13.9%

14  

Type of reporting person (see instructions)

 

IN

 


CUSIP No. 126633106  

 

  1   

Names of reporting persons

 

Stephen A. Schwarzman

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

OO

  5  

Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or place of organization

 

United States of America

Number of

shares

beneficially

owned by

each

reporting

person

with

 

     7    

Sole voting power

 

15,802,756

     8   

Shared voting power

 

0

     9   

Sole dispositive power

 

15,802,756

   10   

Shared dispositive power

 

0

11  

Aggregate amount beneficially owned by each reporting person

 

15,802,756

12  

Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13  

Percent of class represented by amount in Row (11)

 

13.9%

14  

Type of reporting person (see instructions)

 

IN

 


This Amendment No. 2 (“Amendment No. 2”) to Schedule 13D relates to the common units (the “Common Units”) representing limited partner interests in CVR Partners, LP, a Delaware limited partnership (the “Issuer”), and amends the initial statement on Schedule 13D filed on April 11, 2016, as amended by Amendment No. 1 to the Schedule 13D filed on July 8, 2016 (as amended, the “Schedule 13D”). Capitalized terms used but not defined in this Amendment No. 2 shall have the same meanings ascribed to them in the Schedule 13D.

 

Item 5. Interest in Securities of the Issuer.

Item 5(a) – (b) of the Schedule 13D is hereby amended by amending and restating the first three paragraphs thereof as follows:

(a) – (b) Based on information provided by the Issuer, the following disclosure assumes that there are 113,282,973 Common Units outstanding, as reported by the Issuer in its Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on October 28, 2016.

Based on this number of outstanding Common Units, as of January 23, 2017, the aggregate number and percentage of the Common Units beneficially owned by each Reporting Person and, for each Reporting Person, the number of Common Units as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D.

As of January 23, 2017, GSO Cactus Credit Opportunities Fund LP directly held 1,609,706 Common Units, Steamboat Nitro Blocker LLC directly held 625,348 Common Units, GSO Coastline Credit Partners LP directly held 541,610 Common Units, GSO ADGM II Nitro Blocker LLC directly held 2,115,513 Common Units, GSO Palmetto Opportunistic Investment Partners LP directly held 1,133,335 Common Units, GSO Credit-A Partners LP directly held 2,625,237 Common Units, GSO Special Situations Fund LP directly held 4,127,774 Common Units and GSO SSOMF Nitro Blocker LLC directly held 3,024,233 Common Units.

Item 5(c) of the Schedue 13D is hereby amended and restated as follows:

(c) Except as set forth on Schedule 1 attached hereto, as of January 23, 2017, none of the Reporting Persons effected any transaction in Common Stock during the last 60 days.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following after the second paragraph thereof:

On January 20, 2017, (i) GSO Capital Partners LP, the GSO Funds (or certain of their affiliates), the Issuer, and Coffeyville entered into Amendment No. 1 to the GSO Transaction Agreement (the “GSO Transaction Agreement Amendment”), (ii) Rentech, RNHI, DSHC and the Issuer entered into Amendment No. 1 to the Rentech Transaction Agreement (“Rentech Transaction Agreement Amendment”), and (iii) GSO Capital Partners LP, the GSO Funds, Rentech, RNHI and DSHC entered into an Amendment to the Letter Agreement (the “Letter Agreement Amendment”). References in this Schedule 13D to the GSO Transaction Agreement, Rentech Transaction Agreement and Letter Agreement shall refer to such agreements, as so amended.

Item 6 of the Schedule 13D is hereby amended and supplemented by amending and restating the subsection titled “Board Designation Rights”:

Pursuant to the terms of the GSO Transaction Agreement (as amended):

 

    For so long as Rentech, RNHI and DSHC (collectively, the “Rentech Partnership Unitholders”) and their Included Assignees (as defined in the Rentech Transaction Agreement”) have record and beneficial ownership (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Common Units that constitute at least 7.5% of the outstanding Common Units, the GSO Funds shall be entitled to appoint one director to the CVR Board.


    If at any time the Rentech Partnership Unitholders and their Included Assignees have record and beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of Common Units that constitute less than 7.5% of the outstanding Common Units, the right of the GSO Funds to appoint one director pursuant to the GSO Transaction Agreement shall forever terminate.

Pursuant to the terms of the Rentech Transaction Agreement, the GSO Funds are considered Included Assignees of the Rentech Partnership Unitholders until April 1, 2017.

Eric Karp, a member of the CVR Board, is a designee of the GSO Funds. Eric Karp is a Managing Director of Oak Hill Advisors.

Item 6 of the Schedule 13D is hereby amended and supplemented by amending and restating the last paragraph thereof:

The description of the Rentech Credit Agreement, Letter Agreement, GSO Transaction Agreement, Rentech Transaction Agreement, Registration Rights Agreement and Joinder Agreement contained in this Item 6, and any amendments thereto, are not intended to be complete and are qualified in their entirety by reference to such agreements, each of which is filed as an exhibit to the Schedule 13D and incorporated by reference herein.

 

Item 7. Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following at the end thereof:

 

Exhibit H    Amendment No. 1 to the GSO Transaction Agreement, dated January 20, 2017, by and among GSO Capital Partners LP, the GSO Funds, the Issuer and Coffeyville.
Exhibit I    Amendment No. 1 to the Rentech Transaction Agreement, dated January 20, 2017, by and among Rentech, RNHI, DSHC and the Issuer (incorporated by reference from Exhibit 10.1 to the Current Report on Form 8-K of Rentech, Inc. filed with the SEC on January 23, 2017).
Exhibit J    Amendment to the Letter Agreement, dated January 20, 2017, by and among GSO Capital Partners LP, the GSO Funds, Rentech, RNHI and DSHC (incorporated by reference from Exhibit 10.2 to the Current Report on Form 8-K of Rentech, Inc. filed with the SEC on January 23, 2017).


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 24, 2017

 

GSO Cactus Credit Opportunities Fund LP
By:  

GSO Capital Partners LP,

its investment advisor

By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
Steamboat Nitro Blocker LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Manager
Steamboat Credit Opportunities Intermediate Fund LP
By:  

GSO Capital Partners LP,

its investment advisor

By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Coastline Credit Partners LP
By:  

GSO Capital Partners LP,

its investment advisor

By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO ADGM II Nitro Blocker LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Manager

 

[Schedule 13D/A – CVR Partners, LP]


GSO Aiguille des Grands Montets Fund II LP
By:   GSO Capital Partners LP, its investment manager
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Palmetto Opportunistic Investment Partners LP
By:   GSO Palmetto Opportunistic Associates LLC, its general partner
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Credit A-Partners LP
By:   GSO Credit-A Associates LLC, its general partner
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Palmetto Opportunistic Associates LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Credit-A Associates LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Special Situations Fund LP
By:   GSO Capital Partners LP, its investment manager
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory

 

[Schedule 13D/A – CVR Partners, LP]


GSO SSOMF Nitro Blocker LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Manager
GSO Special Situations Overseas Master Fund Ltd.
By:  

GSO Capital Partners LP,

its investment manager

By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Holdings I L.L.C.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
GSO Capital Partners LP
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO Advisor Holdings L.L.C.
By:  

Blackstone Holdings I L.P.,

its sole member

By:  

Blackstone Holdings I/II GP Inc.,

its general partner

By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Holdings I L.P.
By:  

Blackstone Holdings I/II GP Inc.,

its general partner

By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer

 

[Schedule 13D/A – CVR Partners, LP]


Blackstone Holdings II L.P.
By:  

Blackstone Holdings I/II GP Inc.,

its general partner

By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Holdings I/II GP Inc.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
The Blackstone Group L.P.
By:  

Blackstone Group Management L.L.C.,

its general partner

By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Group Management L.L.C.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Bennett J. Goodman
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Attorney-in-Fact
J. Albert Smith III
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Attorney-in-Fact
Stephen A. Schwarzman

/s/ Stephen A. Schwarzman

By: Stephen A. Schwarzman

 

[Schedule 13D/A – CVR Partners, LP]


SCHEDULE 1

60-Day Trading History

The below reflects the transactions effected by the Reporting Persons during the past 60 days.

 

Date

   Common Units Sold      Sales Price per
Common Unit
    

Seller

12/09/2016      29,351       $ 5.7517       GSO Special Situations Fund LP
12/09/2016      20,649       $ 5.7517       GSO SSOMF Nitro Blocker LLC
12/12/2016      29,351       $ 5.6153       GSO Special Situations Fund LP
12/12/2016      20,649       $ 5.6153       GSO SSOMF Nitro Blocker LLC
01/11/2017      22,195       $ 6.3741       GSO Special Situations Fund LP
01/11/2017      15,615       $ 6.3741       GSO SSOMF Nitro Blocker LLC
01/11/2017      2,898       $ 6.3741       GSO Coastline Credit Partners LP
01/12/2017      17,194       $ 6.35       GSO Special Situations Fund LP
01/12/2017      12,097       $ 6.35       GSO SSOMF Nitro Blocker LLC
01/12/2017      2,245       $ 6.35       GSO Coastline Credit Partners LP
01/17/2017      395,890       $ 6.46       GSO Special Situations Fund LP
01/17/2017      167,409       $ 6.46       GSO SSOMF Nitro Blocker LLC
01/17/2017      51,701       $ 6.46       GSO Coastline Credit Partners LP
01/18/2017      53,781       $ 6.541       GSO Special Situations Fund LP
01/18/2017      39,198       $ 6.541       GSO SSOMF Nitro Blocker LLC
01/18/2017      7,021       $ 6.541       GSO Coastline Credit Partners LP
01/19/2017      29,254       $ 6.2715       GSO Special Situations Fund LP
01/19/2017      21,328       $ 6.2715       GSO SSOMF Nitro Blocker LLC
01/19/2017      3,819       $ 6.2715       GSO Coastline Credit Partners LP
01/20/2017      78,295       $ 6.4026       GSO Special Situations Fund LP
01/20/2017      57,081       $ 6.4026       GSO SSOMF Nitro Blocker LLC
01/20/2017      10,223       $ 6.4026       GSO Coastline Credit Partners LP
01/23/2017      68,584       $ 6.4212       GSO Special Situations Fund LP
01/23/2017      35,125       $ 6.4212       GSO SSOMF Nitro Blocker LLC
01/23/2017      6,291       $ 6.4212       GSO Coastline Credit Partners LP
EX-99.H

Exhibit H

AMENDMENT NO. 1

TO TRANSACTION AGREEMENT

THIS AMENDMENT NO. 1 TO TRANSACTION AGREEMENT (this “Amendment”) is dated effective as of January 20, 2017 by and among CVR Partners, LP, a Delaware limited partnership (the “Partnership”), Coffeyville Resources, LLC, a Delaware limited liability company (the “Sole Member”), each of the Holders listed on Schedule A hereto (collectively, the “Partnership Unitholders”), as holders of outstanding Common Units of the Partnership, and GSO Capital Partners LP, a Delaware limited partnership, in its capacity as the Holders’ Representative (the “Holders’ Representative”).

RECITALS

WHEREAS, the Partnership, the Partnership Unitholders and the Holders’ Representative are each parties to the Transaction Agreement effective as of April 1, 2016, (the “GSO Transaction Agreement”), and desire to amend the terms of the Transaction Agreement in order to provide the Partnership Unitholders with the right to appoint one director to the Board of Directors of the Partnership GP through the Holders’ Representative;

WHEREAS, simultaneous with, and contingent upon, the execution of this Amendment, the Partnership, the Sole Member, Rentech, Inc. (the “Rentech”), Rentech Nitrogen Holdings (“Holdings”), and DSHC, LLC (“DSHC” and, together with the Rentech and Holdings, the “Rentech Partnership Unitholders”) are executing an amendment (the “Rentech Amendment”) to the Transaction Agreement dated as of August 9, 2015, by and among the Partnership, the Sole Member and the Rentech Partnership Unitholders (the “Rentech Transaction Agreement”) in order the facilitate providing GSO Capital with the direct right to appoint, pursuant to this Amendment, one director to the Board of the Partnership GP upon the terms set forth herein; and

NOW, THEREFORE, the Partnership, the Sole Member, the Partnership Unitholders, and the Holders’ Representative each hereby agree as follows:

1.    Definitions. All capitalized terms used but not defined herein shall have the meanings set forth in the GSO Transaction Agreement.

2.    Amendments.

a.    The Sole Member is hereby added as a party to the GSO Transaction Agreement.

b.    Section 1.01 of the GSO Transaction Agreement is hereby amended to include the following definitions in appropriate alphabetical order:

Cause” shall exist for any director if the Sole Member determines, in good faith, that such director engaged in (a) acts or omissions constituting a breach of such director’s applicable duties to the Partnership or its partners, or any of the Partnership’s subsidiaries, as such duties are consistently applied to other directors of the Partnership GP or (b) acts or omissions that involve crimes of moral turpitude.

Included Assignees” has the meaning set forth in the Rentech Transaction Agreement.

 

1


c.    The term “Agreement” in the GSO Transaction Agreement shall be amended and restated as follows:

Agreement” means the Transaction Agreement entered into by and among the Partnership, the Partnership Unitholders and the Holders’ Representative, dated as of April 1, 2016, as amended from time to time.

d.    Article II of the GSO Transaction Agreement is hereby renamed “Lock-up, Standstill and Board of Directors” and the following subsections are hereby added to Article II of the GSO Transaction Agreement:

Section 2.04    Size of Board. The Board of Directors of the Partnership GP shall include a total of up to eleven directors, one of whom may be appointed by the Holders’ Representative on behalf of the Partnership Unitholders as provided in Section 2.05.

Section 2.05    Director Designation Rights.

(a)    For so long as the Rentech Partnership Unitholders and their Included Assignees have record and beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of Partnership Common Units (as defined in the Rentech Transaction Agreement) that constitute at least 7.5% of the outstanding Common Units, the Partnership Unitholders shall be entitled to appoint one director to the Board of Directors of the Partnership GP. The Holders’ Representative may designate the director for appointment on behalf of the Partnership Unitholders pursuant to its authority in Section 3.17 of this Agreement.

(b)    If at any time the Rentech Partnership Unitholders and their Included Assignees have record and beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of Partnership Common Units (as defined in the Rentech Transaction Agreement) that constitute less than 7.5% of the outstanding Common Units, the right of the Partnership Unitholders to appoint one director pursuant to this Agreement shall forever terminate.

(c)    If, following appointment to the Board of Directors of the Partnership GP, the director appointed by the Partnership Unitholders resigns or is otherwise unable to serve for any reason, or is removed, and the Partnership Unitholders still have the right to appoint such director pursuant to Section 2.05(a), then, the Partnership Unitholders shall be entitled to designate a replacement director. The Partnership Unitholders may cause the removal of any director appointed by the Partnership Unitholders for any reason. The Sole Member may remove the director appointed by the Partnership Unitholders only for Cause or pursuant to clause (d) below.

(d)    In the event that the Rentech Partnership Unitholders and their Included Assignees cease to hold the minimum percentage of the outstanding Common Units that entitles the Partnership Unitholders to appoint a director to the Board of Directors of the Partnership GP pursuant to Section 2.05(a), the Sole Member may remove such director from the Board of Directors of the Partnership GP for any reason.

(e)    By written notice to the Partnership GP, the Partnership Unitholders may, in their sole discretion, unilaterally terminate or waive their right to appoint directors to the Board of Directors of the Partnership GP pursuant to this Section 2.05.

 

2


Section 2.06        Indemnification and Insurance. The Partnership shall provide the director designee of the Partnership Unitholders the right to enter into any indemnification agreement that it or the Partnership GP enters into with other directors of the Partnership GP. For so long as the Partnership Unitholders have the right to appoint a director to the Board of Directors of the Partnership GP pursuant to Section 2.05(a), the Partnership GP shall maintain director and officer insurance covering the director designee of the Partnership Unitholders in such amounts and with such coverage as shall be determined by such Board of Directors of the Partnership GP.

Section 2.07        Sole Member Obligations. The Sole Member agrees to take all actions reasonably necessary under the Partnership GP LLC Agreement and otherwise to effectuate the provisions Sections 2.04 through 2.07. The Sole Member shall not amend the Partnership GP LLC Agreement to include any provision that is inconsistent with such provisions.

3.    Miscellaneous.

a.    Effectiveness of Amendment. This Amendment shall only become effective upon both: (i) the execution and delivery of this Amendment by of the Partnership, the Sole Member, the Partnership Unitholders and the Holders’ Representative and (ii) the execution and delivery of the Rentech Amendment by the Partnership, the Sole Member, and the Rentech Partnership Unitholders.

b.    Continued Effectiveness of the Agreement. Except as otherwise provided herein, each party confirms and agrees that the GSO Transaction Agreement is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects.

c.    Counterparts; Facsimile Transmission; E-Mail. This Amendment may be executed in several counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same agreement, it being understood that all of the parties need not sign the same counterpart. This Amendment may be delivered by facsimile transmission or electronic mail with the same force and effect as if originally executed copies of this Amendment were delivered to all parties hereto.

d.    Severability. Any term or provision of this Amendment which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Amendment or affecting the validity or enforceability of any of the terms or provisions of this Amendment in any other jurisdiction. If any provision of this amendment is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable.

e.    Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware without reference to the choice of law principles thereof.

 

3


IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Transaction Agreement to be executed effective as of the date first above written.

 

CVR PARTNERS, LP
By: CVR GP, LLC, its general partner
  By:  

/s/ Mark A. Pytosh

  Name:   Mark A. Pytosh
  Title:   Chief Executive Officer and President
COFFEYVILLE RESOURCES, LLC
  By:  

/s/ Mark A. Pytosh

  Name:   Mark A. Pytosh
  Title:   Senior Vice President, Administration

 

4


HOLDERS’ REPRESENTATIVE
GSO CAPITAL PARTNERS LP
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
HOLDERS:
GSO SPECIAL SITUATIONS OVERSEAS MASTER FUND LTD.
By: GSO Capital Partners LP, its investment advisor
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO SSOMF NITRO BLOCKER LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO CACTUS CREDIT OPPORTUNITIES FUND LP
By: GSO Capital Partners LP, its investment advisor
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
STEAMBOAT NITRO BLOCKER LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
STEAMBOAT CREDIT OPPORTUNITIES INTERMEDIATE FUND LP
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO SPECIAL SITUATIONS FUND LP
By: GSO Capital Partners LP, its investment manager
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory

 

5


GSO COASTLINE CREDIT PARTNERS LP
By: GSO Capital Partners LP, its investment advisor
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO PALMETTO OPPORTUNISTIC INVESTMENT PARTNERS LP
By: GSO Palmetto Opportunistic Associates LLC, its general partner
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO CREDIT A-PARTNERS LP
By: GSO Credit-A Associates LLC, its general partner
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO AIGUILLE DES GRANDS MONTETS FUND II LP
By: GSO Capital Partners LP, its investment manager
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory
GSO ADGM II NITRO BLOCKER LLC
By:  

/s/ Marisa Beeney

Name:   Marisa Beeney
Title:   Authorized Signatory

 

6


SCHEDULE A

Holders

GSO SSOMF Nitro Blocker LLC

GSO Special Situations Fund LP

GSO Palmetto Opportunistic Investment Partners LP

GSO Credit-A Partners LP

Steamboat Nitro Blocker LLC

GSO Coastline Credit Partners LP

GSO Cactus Credit Opportunities Fund LP

GSO Aiguille des Grands Montets Fund II LP

GSO ADGM II Nitro Blocker LLC

 

7