S-3/A 1 v424138_s3a.htm AMENDMENT TO FORM S-3

 

As filed with the Securities and Exchange Commission on November 9, 2015

 

Registration No. 333-207293

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

Amendment No. 1
to
Form S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

 

 

 

ENERGY XXI LTD
ENERGY XXI GULF COAST, INC.*

(Exact name of registrant as specified in its charter)

 

Bermuda

Delaware

98-0499286

20-4278595

(State or other jurisdiction
of incorporation or organization)
(I.R.S. Employer Identification No.)
   

Canon’s Court, 22 Victoria Street, PO Box HM 1179,

Hamilton HM EX, Bermuda

441-295-2244

 

 

 

1021 Main, Suite 2626

Houston, Texas 77002

713-351-3000

(Address, including zip code and telephone number, including area code, of registrant’s principal executive offices)
 

Juliet Evans

Canon’s Court, 22 Victoria Street, PO Box HM 1179,

Hamilton HM EX, Bermuda

441-295-2244

 

 

 

Hugh Menown
1021 Main, Suite 2626

Houston, Texas 77002

713-351-3000

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copies to:
T. Mark Kelly
Vinson & Elkins L.L.P.
First City Tower
1001 Fannin Street, Suite 2500
Houston, Texas 77002
(713) 758-2222

 

 

 

Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement.

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ¨

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. þ

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ¨

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

 

Large accelerated filer ¨ Accelerated filer þ Non-accelerated filer ¨ Smaller reporting company ¨
    (Do not check if a smaller reporting company)

 

 

 

 

 

 

CALCULATION OF REGISTRATION FEE

 

Title of each class of securities to be registered(1)(2)  Amount to be
Registered
   Proposed
Maximum
Aggregate
Offering Price
Per Unit
   Proposed
Maximum
Aggregate Offering
Price
   Amount of
Registration
Fee
 
Debt Securities of Energy XXI Gulf Coast, Inc.                
Common Stock of Energy XXI Ltd, par value $0.005 per share                
Preferred Stock of Energy XXI Ltd, par value $0.001 per share                
Warrants                
Rights                
Depositary Shares(5)                
Units                
Guarantees of Debt Securities by Energy XXI Ltd and/or certain of its subsidiaries(6)                
Total   (1)   (2)  $500,000,000(3)  $50,350(4)

 

 

(1)An indeterminate aggregate offering price and number or amount of the securities of each identified class is being registered as may from time to time be sold at indeterminate prices. Separate consideration may or may not be received for securities that are issuable upon conversion of, or in exchange for, or upon exercise of, convertible or exchangeable securities.
(2)The proposed maximum aggregate offering price for each class of securities to be registered is not specified pursuant to General Instruction II.D. of Form S-3.
(3)Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act. With respect to the primary offering, in no event will the aggregate initial offering price of all securities offered from time to time pursuant to the prospectus included as a part of this registration statement exceed $500 million.
(4)Calculated in accordance with Rule 457(o) under the Securities Act.
(5)The depositary shares registered hereunder will be evidenced by depositary receipts issued pursuant to a deposit agreement. If Energy XXI Ltd elects to offer to the public fractional interests in shares of its preferred stock, then it will distribute depositary shares, evidenced by depositary receipts issued pursuant to a deposit agreement, to those persons purchasing the fractional interests and will issue the shares of its preferred stock to the depositary under the deposit agreement.
(6)If a series of debt securities of Energy XXI Gulf Coast, Inc. is issued, such series will be fully and unconditionally guaranteed by Energy XXI Ltd and may be guaranteed by Energy XXI Ltd and one or more of the subsidiaries of Energy XXI Ltd. No additional consideration will be received for such guarantees. Pursuant to Rule 457(n) of the Securities Act, no separate fee is payable with respect to the guarantees of the debt securities being registered.
*Includes certain registrant guarantors identified below.

 

Delaware   Energy XXI USA, Inc.   20-4278552

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Energy XXI GOM, LLC   56-2140027

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   MS Onshore, LLC   37-1708573

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Energy XXI Texas Onshore, LLC   20-0650294

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Energy XXI Onshore, LLC   20-0650308

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Energy XXI Pipeline, LLC   27-4165863

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Energy XXI Pipeline II, LLC   45-3938238

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Energy XXI Leasehold, LLC   45-3948121

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   M21K, LLC   90-0793978

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)
Delaware   Soileau Catering, LLC   47-4972767

(State or Other Jurisdiction

of Incorporation or Organization)

 

(Exact Name of Registrant

As Specified In Its Charter)

  (IRS Employer Identification No.)

 

The Registrants hereby amend this Registration Statement on such date or dates as may be necessary to delay its effective date until the registrants shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 

EXPLANATORY NOTE

 

Energy XXI Ltd and Energy XXI Gulf Coast, Inc. are filing this Amendment No. 1 to the Registration Statement on Form S-3 (Registration No. 333-207293), originally filed on October 5, 2015 (the “Registration Statement”), as an exhibit-only filing to file the opinions of Appleby (Bermuda) Limited and Vinson & Elkins L.L.P. (the “Opinions”) filed herewith as Exhibits 5.1 and 5.2, respectively, in order to update the Opinions originally filed with the Registration Statement. Accordingly, this Amendment No. 1 consists only of the facing page, this explanatory note, Item 16 of Part II of the Registration Statement, the signature page to the Registration Statement, the exhibit index and the Opinions filed herewith as Exhibits 5.1 and 5.2. The prospectus and the balance of Part II of the Registration Statement are unchanged and have been omitted.

 

 

 

 

PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

 

Item 16.Exhibits.

 

Reference is made to the Index to Exhibits following the signature pages hereto, which Index to Exhibits is hereby incorporated by reference into this item.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, each Registrant has duly caused this Amendment No. 1 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas on November 9, 2015.

 

  ENERGY XXI LTD
     
  By: /s/ JOHN D. SCHILLER, JR.
  Name: John D. Schiller, Jr.
  Title: Chief Executive Officer
     
  ENERGY XXI GULF COAST, INC.
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  ENERGY XXI USA, INC.
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  ENERGY XXI GOM, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  MS ONSHORE, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  ENERGY XXI TEXAS ONSHORE, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  ENERGY XXI ONSHORE, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  ENERGY XXI PIPELINE, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President

 

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  ENERGY XXI PIPELINE II, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  ENERGY XXI LEASEHOLD, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  M21K, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President
     
  SOILEAU CATERING, LLC
     
  By: /s/ ANTONIO DE PINHO
  Name: Antonio de Pinho
  Title: President

 

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Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment No. 1 has been signed below by the following persons in the capacities and on the dates indicated below.

 

    ENERGY XXI LTD    
/s/ JOHN D. SCHILLER, JR.   Chief Executive   November 9, 2015
John D. Schiller, Jr.   Officer (Principal Executive Officer)    
         
/s/ BRUCE W. BUSMIRE   Chief Financial Officer (Principal Financial   November 9, 2015
Bruce W. Busmire   Officer and Principal Accounting Officer)    
         
*   Chairman of the Board   November 9, 2015

Jim LaChance 

       
         
*   Director   November 9, 2015
William Colvin        
         
*   Director   November 9, 2015
Cornelius Dupré II        
         
*   Director   November 9, 2015
Hill A. Feinberg        
         
*   Director   November 9, 2015
Kevin Flannery        
         
*   Director   November 9, 2015
Scott A. Griffiths        
         
*   Director   November 9, 2015
Norm Louie        
         
 *By: /s/ BO BOYD        

Bo Boyd

Attorney-in-Fact

       

 

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ENERGY XXI GULF COAST, INC.
ENERGY XXI USA, INC.
ENERGY XXI GOM, LLC
MS ONSHORE, LLC
ENERGY XXI TEXAS ONSHORE, LLC
ENERGY XXI ONSHORE, LLC
ENERGY XXI PIPELINE, LLC
ENERGY XXI PIPELINE II, LLC
ENERGY XXI LEASEHOLD, LLC

M21K, LLC

SOILEAU CATERING, LLC

   
/s/ ANTONIO DE PINHO   President   November 9, 2015
Antonio de Pinho   (Principal Executive Officer)    
         
/s/ RICK FOX   Chief Financial Officer and Treasurer (Principal   November 9, 2015
Rick Fox   Financial Officer and Principal Accounting Officer)    
         
/s/ JOHN D. SCHILLER, JR.   Director   November 9, 2015
John D. Schiller, Jr.        
         
/s/ BRUCE W. BUSMIRE   Director   November 9, 2015
Bruce W. Busmire        

 

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INDEX TO EXHIBITS

 

Exhibit Number   Description
1.1*** Form of Underwriting Agreement.
4.1 Form of Senior Indenture (incorporated by reference to Exhibit 4.1 to the Registrants’ Registration Statement on Form S-3 filed with the Commission on March 26, 2010 (File No. 333-165739).
4.2***   Form of Subordinated Indenture (including form of subordinated debt security)
4.3***   Form of Senior Debt Security
4.3*** Form of Deposit Agreement.
4.4*** Form of Depositary Receipt.
4.5*** Form of Warrant Agreement, including Form of Warrant Certificate.
4.6*** Form of Guarantee Agreement.
4.7*** Form of Rights Agreement, including Form of Rights Certificate.
5.1* Opinion of Appleby as to the legality of certain of the securities being registered.
5.2* Opinion of Vinson & Elkins L.L.P. as to the legality of certain of the securities being registered.
12.1** Statement of Computation of Ratio of Earnings (Loss) to Fixed Charges and Ratio of Earnings (Loss) to Combined Fixed Charges and Preference Dividends.
23.1** Consent of BDO USA, LLP.
23.2** Consent of UHY LLP.
23.3** Consent of Netherland, Sewell & Associates, Inc.
23.4** Consent of Appleby (contained in Exhibit 5.1).
23.5** Consent of Vinson & Elkins L.L.P. (contained in Exhibit 5.2).
24.1** Powers of Attorney (contained on signature pages).
25.1** Form T-1 Statement of Eligibility and Qualification under the Trust Indenture Act of 1939 respecting the Indenture.

 

 

*Filed herewith.
**Previously filed.
***To be filed by amendment or as an exhibit to a Current Report on Form 8-K of the registrant.

 

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