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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Caesars Entertainment Corporation
(Name of Issuer)
Common Stock, par value $0.01
(Title of Class of Securities)
127686103
(CUSIP Number)
John F. Hartigan, Esq.
Morgan, Lewis & Bockius LLP
300 S. Grand Avenue, 22nd Floor
Los Angeles, CA 90071
(213) 612-2500
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 16, 2018
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 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 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 |
Name of Reporting Person Apollo Hamlet Holdings, LLC | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
x | ||||
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3 |
SEC Use Only | |||||
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4 |
Source of Funds | |||||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
7 |
Sole Voting Power | |||||
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8 |
Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Hamlet Holdings B, LLC | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
x | ||||
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3 |
SEC Use Only | |||||
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4 |
Source of Funds | |||||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
7 |
Sole Voting Power | |||||
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8 |
Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Investment Fund VI, L.P. | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
x | ||||
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3 |
SEC Use Only | |||||
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4 |
Source of Funds | |||||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
7 |
Sole Voting Power | |||||
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8 |
Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Co-Invest Hamlet Holdings B, LLC | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
x | ||||
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3 |
SEC Use Only | |||||
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4 |
Source of Funds | |||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
7 |
Sole Voting Power | |||||
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8 |
Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Co-Invest Hamlet Holdings, Series LLC | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
x | ||||
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3 |
SEC Use Only | |||||
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4 |
Source of Funds | |||||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
7 |
Sole Voting Power | |||||
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8 |
Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Management VI, L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) x | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person AIF VI Management, LLC | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Management, L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Management GP, LLC | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person AAA Investments (Co-Invest VI), L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person AAA Associates, L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person AAA MIP Limited | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Alternative Assets, L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo International Management, L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo International Management GP, LLC | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Management Holdings, L.P. | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
Sole Voting Power | ||||||
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8 |
Shared Voting Power | |||||||
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9 |
Sole Dispositive Power | |||||||
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10 |
Shared Dispositive Power | |||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* x | ||||||
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13 |
Percent of Class Represented by Amount in Row (11) | ||||||
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14 |
Type of Reporting Person | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Management Holdings GP, LLC | ||||||
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2 |
Check the Appropriate Box if a Member of a Group | ||||||
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(a) |
o | |||||
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(b) |
x | |||||
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3 |
SEC Use Only | ||||||
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4 |
Source of Funds | ||||||
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5 |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | ||||||
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6 |
Citizenship or Place of Organization | ||||||
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Number of |
7 |
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CUSIP No. 127686103 |
13D |
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Name of Reporting Person LeverageSource III (H Holdings), L.P. | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LeverageSource III GP, Ltd. | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LeverageSource V S.à.r.l. | ||||||
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11 |
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LeverageSource V, L.P. | ||||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LS V GP, LLC | ||||||
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(a) |
o | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LeverageSource Holdings, L.P. with respect to Series V | ||||||
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(a) |
o | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LeverageSource Holdings GP, LLC | ||||||
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(a) |
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person LeverageSource, L.P. | ||||||
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(a) |
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Advisors VI (EH), L.P. | ||||||
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(a) |
o | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Advisors VI (EH-GP), Ltd. | ||||||
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(a) |
o | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Advisors VII (EH), L.P. | ||||||
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(a) |
o | |||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Advisors VII (EH-GP), Ltd. | ||||||
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2 |
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(a) |
o | |||||
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(b) |
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Principal Holdings III, L.P. | |||||
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(a) |
o | ||||
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CUSIP No. 127686103 |
13D |
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1 |
Name of Reporting Person Apollo Principal Holdings III GP, Ltd. | |||||
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(a) |
o | ||||
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CUSIP No. 127686103 |
13D |
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This Amendment No. 3 to Schedule 13D supplements and amends the Statement on Schedule 13D filed on October 16, 2017, Amendment No. 1 to Schedule 13D filed on December 5, 2017 and Amendment No. 2 with respect to Schedule 13D filed on December 15, 2017 with respect to the common stock, par value $0.01 per share (the Common Stock), of Caesars Entertainment Corporation (the Issuer), as amended.
Unless otherwise indicated, capitalized terms used but not otherwise defined herein shall have the meaning assigned to such terms in the Statement on Schedule 13D filed on October 16, 2017, as amended.
Responses to each item of this Amendment No. 3 to Schedule 13D are incorporated by reference into the response to each other item, as applicable.
Item 1. Security and Issuer
Item 2. Identity and Background
Item 3. Source and Amount of Funds or Other Consideration
Item 4. Purpose of Transaction
Item 4 is hereby amended and supplemented by inserting the following:
On March 19, 2018, LS V S.à.r.l. sold 529,869 shares of Common Stock and $1,930,300 in principal amount of the Issuers 5.00% Convertible Senior Notes due 2024 (the Convertible Notes) for an aggregate price of $10,411,015.79, pursuant to Rule 144 under the Securities Act of 1933, as amended.
On May 17, 2018, the TPG Entities and the Co-Invest Entities sold an aggregate of 24,924,255 shares of Common Stock at a price of $13.03 per share pursuant to Rule 144 under the Securities Act of 1933, as amended, including an aggregate of 2,178,215 shares of Common Stock sold by Co-Invest B and Co-Invest Series (the May Rule 144 Sale). The shares of Common Stock sold in the May Rule 144 Sale are no longer subject to the 2017 Proxy.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and supplemented by inserting the following:
Following the sales of Common Stock and Convertible Notes by LS V S.à.r.l. in March 2018 and the sale of shares by the Co-Invest Entities as part of the May Rule 144 Sale, the Reporting Persons beneficially own an aggregate of 58,424,559 shares of Common Stock of the Issuer, representing approximately 8.3% of the Issuers outstanding Common Stock. Of that amount, an aggregate of 52,026,718 shares are held of record by Apollo Hamlet Holdings, Apollo Hamlet Holdings B, Co-Invest B and Co-Invest Series and are subject to the 2017 Proxy. The shares of Common Stock reported as beneficially owned by LS V S.à.r.l. includes the 2,006,823 shares of Common Stock issuable upon conversion of the Convertible Notes. The shares of Common Stock held of record by AAA (Co-Invest VI), LS V S.à.r.l. and LS III (H Holdings), as well as the shares of Common Stock issuable upon conversion of the Convertible Notes, are not subject to the 2017 Proxy.
Each of the Reporting Persons disclaims beneficial ownership of all of the shares of Common Stock included in this report, and the filing of this report shall not be construed as an admission that any such
person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(a) See also the information contained on the cover pages of this Amendment No. 3 to Schedule 13D, which is incorporated herein by reference. The percentage of Common Stock reported as beneficially owned by the Reporting Persons assumes that there are 698,233,150 shares of Common Stock issued and outstanding as of April 30, 2018, as reported by the Issuer in its Quarterly Report on Form 10-Q (File No. 001-10410) filed with the Securities and Exchange Commission on May 2, 2018.
(b) See the information contained on the cover pages of this Amendment No. 3 to Schedule 13D, which is incorporated herein by reference.
(c) Except as described in this Amendment No. 3 to Schedule 13D, there have been no reportable transactions by the Reporting Persons with respect to the Common Stock of the Issuer since the Amendment No. 2 filed on December 15, 2017.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is hereby amended and supplemented by inserting the following:
In connection with the May Rule 144 Sale, the Sponsors entered into a Waiver and Lock-Up Agreement dated May 16, 2018 (the Waiver and Lock-Up Agreement) pursuant to which the Apollo Entities and the Co-Invest Entities waived certain requirements under the 2017 Proxy and agreed not to sell any shares of Common Stock for a period of 20 days after the date of the May Rule 144 Sale.
The references to and description of the Waiver and Lock-Up Agreement set forth above is not intended to be complete and is qualified in its entirety by reference to the full text of the Waiver and Lock-Up Agreement, which is included as Exhibit 1 to this Amendment No. 3 to Schedule 13D and is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits
1. Waiver and Lock-Up Agreement, dated May 16, 2018, by and among Apollo Hamlet Holdings, LLC, Apollo Hamlet Holdings B, LLC, TPG Hamlet Holdings, LLC, TPG Hamlet Holdings B, LLC, Co-Invest Hamlet Holdings, Series LLC and Co-Invest Hamlet Holdings B, LLC
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth in this statement with respect to such person is true, complete and correct.
Dated: May 23, 2018
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APOLLO HAMLET HOLDINGS, LLC | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Authorized Person | |||
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APOLLO HAMLET HOLDINGS B, LLC | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Authorized Person | |||
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CO-INVEST HAMLET HOLDINGS B, LLC | ||||
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By: |
/s/ David Sambur | |||
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Name: |
David Sambur | |||
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Title: |
Authorized Person | |||
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CO-INVEST HAMLET HOLDINGS, SERIES LLC | ||||
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By: |
/s/ David Sambur | |||
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Name: |
David Sambur | |||
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Title: |
Authorized Person | |||
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APOLLO INVESTMENT FUND VI, L.P. | ||||
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By: |
Apollo Advisors VI, L.P. | |||
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its managing partner | |||
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By: |
Apollo Capital Management VI, LLC | ||
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its general partner | ||
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By: |
/s/ Laurie D. Medley | |
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Name: |
Laurie D. Medley | |
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Title: |
Vice President | |
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APOLLO MANAGEMENT VI, L.P. | ||||||||
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By: |
AIF VI Management, LLC | |||||||
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its general partner | |||||||
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By: |
/s/ Laurie D. Medley | ||||||
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Name: |
Laurie D. Medley | ||||||
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Title: |
Vice President | ||||||
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AIF VI MANAGEMENT, LLC | ||||||||
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By: |
/s/ Laurie D. Medley | |||||||
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Name: |
Laurie D. Medley | |||||||
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Title: |
Vice President | |||||||
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APOLLO MANAGEMENT, L.P. | ||||||||
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By: |
Apollo Management GP, LLC | |||||||
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its general partner | |||||||
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By: |
/s/ Laurie D. Medley | ||||||
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Name: |
Laurie D. Medley | ||||||
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Title: |
Vice President | ||||||
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APOLLO MANAGEMENT GP, LLC | ||||||||
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By: |
/s/ Laurie D. Medley | |||||||
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Name: |
Laurie D. Medley | |||||||
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Title: |
Vice President | |||||||
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AAA INVESTMENTS (CO-INVEST VI), L.P. | ||||||||
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By: |
AAA Associates, L.P. | |||||||
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its general partner | |||||||
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By: |
Apollo Alternative Assets, L.P.
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its service provider | ||||||
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By: |
Apollo International Management, L.P. | |||||
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its managing general partner | |||||
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By: |
Apollo International Management GP, LLC | ||||
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its general partner | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Vice President | |||
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AAA ASSOCIATES, L.P. | |||||||||
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By: |
Apollo Alternative Assets, L.P. | ||||||||
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its service provider | ||||||||
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By: |
Apollo International Management, L.P. | |||||||
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its managing general partner | |||||||
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By: |
Apollo International Management GP, LLC | ||||||
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its general partner | ||||||
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By: |
/s/ Laurie D. Medley | |||||
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Name: |
Laurie D. Medley | |||||
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Title: |
Vice President | |||||
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AAA MIP LIMITED | |||||||||
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By: |
Apollo Alternative Assets, L.P. | ||||||||
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its service provider | ||||||||
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By: |
Apollo International Management, L.P. | |||||||
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its managing general partner | |||||||
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By: |
Apollo International Management GP, LLC | ||||||
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its general partner | ||||||
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By: |
/s/ Laurie D. Medley | |||||
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Name: |
Laurie D. Medley | |||||
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Title: |
Vice President | |||||
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APOLLO ALTERNATIVE ASSETS, L.P. | |||||||||
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By: |
Apollo International Management, L.P. | ||||||||
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its managing general partner | ||||||||
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By: |
Apollo International Management GP, LLC | |||||||
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its general partner | |||||||
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By: |
/s/ Laurie D. Medley | ||||||
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Name: |
Laurie D. Medley | ||||||
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Title: |
Vice President | ||||||
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APOLLO INTERNATIONAL MANAGEMENT, L.P. | |||||||
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By: |
Apollo International Management GP, LLC | ||||||
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its general partner | ||||||
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By: |
/s/ Laurie D. Medley | |||||
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Name: |
Laurie D. Medley | |||||
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Title: |
Vice President | |||||
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APOLLO INTERNATIONAL MANAGEMENT GP, LLC | |||||||
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By: |
/s/ Laurie D. Medley | ||||||
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Name: |
Laurie D. Medley | ||||||
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Title: |
Vice President | ||||||
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APOLLO MANAGEMENT HOLDINGS, L.P. | |||||||
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By: |
Apollo Management Holdings GP, LLC | ||||||
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its general partner | ||||||
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By: |
/s/ Laurie D. Medley | |||||
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Name: |
Laurie D. Medley | |||||
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Title: |
Vice President | |||||
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APOLLO MANAGEMENT HOLDINGS GP, LLC | |||||||
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By: |
/s/ Laurie D. Medley | ||||||
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Name: |
Laurie D. Medley | ||||||
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Title: |
Vice President | ||||||
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LEVERAGESOURCE III (H HOLDINGS), L.P. | |||||||
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By: |
LeverageSource III GP, Ltd. | ||||||
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its general partner | ||||||
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By: |
Apollo Advisors VI (EH), L.P. | |||||
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its sole shareholder | |||||
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By: |
Apollo Advisors VI (EH-GP), Ltd. | ||||
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its general partner | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Vice President | |||
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LEVERAGESOURCE III GP, LTD. | ||||||
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By: |
Apollo Management VI, L.P. | |||||
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its director | |||||
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By: |
AIF VI Management, LLC | ||||
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its general partner | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Vice President | |||
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LEVERAGESOURCE V S.À R.L. | ||||||
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By: |
/s/ Katherine G. Newman | |||||
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Name: |
Katherine G. Newman | |||||
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Title: |
Class A Manager | |||||
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By: |
/s/ Fabrice Jeusette | |||||
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Name: |
Fabrice Jeusette | |||||
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Title: |
Class B Manager | |||||
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LEVERAGESOURCE V, L.P. | ||||||
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By: |
LS V GP, LLC | |||||
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its general partner | |||||
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By: |
/s/ Joseph D. Glatt | ||||
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Name: |
Joseph D. Glatt | ||||
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Title: |
Vice President | ||||
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LS V GP, LLC | ||||||
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By: |
/s/ Joseph D. Glatt | |||||
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Name: |
Joseph D. Glatt | |||||
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Title: |
Vice President | |||||
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LEVERAGESOURCE HOLDINGS, L.P. | |||||
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with respect to SERIES V | |||||
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By: |
LeverageSource Holdings GP, LLC | ||||
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its general partner | ||||
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By: |
/s/ Joseph D. Glatt | |||
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Name: |
Joseph D. Glatt | |||
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Title: |
Vice President | |||
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LEVERAGESOURCE HOLDINGS GP, LLC | |||||
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By: |
/s/ Joseph D. Glatt | ||||
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Name: |
Joseph D. Glatt | ||||
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Title: |
Vice President | ||||
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LEVERAGESOURCE, L.P. | |||||
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By: |
Apollo Advisors VI (EH), L.P. | ||||
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its general partner | ||||
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By: |
Apollo Advisors VI (EH-GP), Ltd. | |||
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its general partner | |||
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By: |
/s/ Laurie D. Medley | ||
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Name: |
Laurie D. Medley | ||
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Title: |
Vice President | ||
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By: |
Apollo Advisors VII (EH), L.P. | ||||
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its general partner | ||||
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By: |
Apollo Advisors VII (EH-GP), Ltd. | |||
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its general partner | |||
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By: |
/s/ Laurie D. Medley | ||
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Name: |
Laurie D. Medley | ||
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Title: |
Vice President | ||
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APOLLO ADVISORS VI (EH), L.P. | |||||
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By: |
Apollo Advisors VI (EH-GP), Ltd. | ||||
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its general partner | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Vice President | |||
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APOLLO ADVISORS VI (EH-GP), LTD. | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Vice President | |||
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APOLLO ADVISORS VII (EH), L.P. | ||||
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By: |
Apollo Advisors VII (EH-GP), Ltd. | |||
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its general partner | |||
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By: |
/s/ Laurie D. Medley | ||
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Name: |
Laurie D. Medley | ||
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Title: |
Vice President | ||
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APOLLO ADVISORS VII (EH-GP), LTD. | ||||
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By: |
/s/ Laurie D. Medley | |||
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Name: |
Laurie D. Medley | |||
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Title: |
Vice President | |||
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APOLLO PRINCIPAL HOLDINGS III, L.P. | ||||
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By: |
Apollo Principal Holdings III GP, Ltd. | |||
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its general partner | |||
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By: |
/s/ Joseph D. Glatt | ||
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Name: |
Joseph D. Glatt | ||
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Title: |
Vice President | ||
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APOLLO PRINCIPAL HOLDINGS III GP, LTD. | ||||
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By: |
/s/ Joseph D. Glatt | |||
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Name: |
Joseph D. Glatt | |||
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Title: |
Vice President | |||
WAIVER AND LOCK-UP AGREEMENT
The undersigned, being the Stockholders under the Proxy (as defined below) of Hamlet Holdings LLC, a Delaware limited liability company, do hereby consent, solely in connection with the Block Sale (as defined in each of the Joint Unanimous Written Consents of the Managing Members of Co-Invest Hamlet Holdings B, LLC and Co-Invest Hamlet Holdings, Series LLC, each dated May 16, 2018) to the waiver of all requirements and formalities set forth in Section 4 of the Amended and Restated Irrevocable Proxy, dated October 6, 2017 (the Proxy) (including but not limited to the requirement of the Transferring Stockholder to provide a Tag-Along Notice). All terms used herein and not defined shall have the meanings ascribed to them in the Proxy.
The undersigned further acknowledge and agree that, for purposes of Sections 2(a) and 3(b) of the Proxy, the Block Trade constitutes a sale, transfer or other disposition of the Subject Shares in accordance with Section 4 of the Proxy.
The undersigned further agree that they, if requested by an affiliate of TPG Hamlet Holdings, LLC prior to the end of the current calendar quarter, covenant (either orally or in writing) for the benefit of the broker-dealers effecting the block trade on behalf of TPG Hamlet Holdings, LLC, TPG Hamlet Holdings B, LLC or their respective affiliates that, from the date of that request, to and including the date that is twenty (20) days from the trade date of the Block Trade, the undersigned, without the consent of the broker-dealers effecting the Block Trade, (a) will not, directly or indirectly, offer, sell, agree to offer or sell, solicit offers to purchase, grant any call option or purchase any put option with respect to, pledge, borrow or otherwise transfer or dispose of the Relevant Securities, (b) will not establish any put equivalent position or liquidate or decrease any call equivalent position with respect to the Relevant Securities (in each case within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder), or otherwise enter into any swap, derivative or other transaction or arrangement that transfer to another in whole or in part, any economic consequence of ownership of the Relevant Securities, whether or not such transaction is to be settled by delivery of the Relevant Securities, other securities or other consideration, and (c) will not exercise any rights the undersigned may have to require registration with the Securities and Exchange Commission of any proposed offering or sale of a Relevant Security (including piggy-back registration rights). As used herein, Relevant Securities means the Subject Shares and any other equity security of CEC or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Subject Shares or other such equity security.
The undersigned hereby represent and warrant that the undersigned have full power and authority to enter into this waiver and that this waiver constitutes the legal, valid and binding obligation of the undersigned, enforceable in accordance with its terms. Upon request, the undersigned will execute any additional documents necessary in connection with enforcement hereof. Any obligations of the undersigned shall be binding upon the successors and assigns of the undersigned from the date of this waiver.
This waiver shall be governed by and construed in accordance with the law of the State of Delaware. Delivery of a signed copy of this letter by facsimile transmission shall be effective as delivery of the original hereof.
IN WITNESS WHEREOF, the undersigned has executed this waiver on this 16th day of May, 2018.
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APOLLO HAMLET HOLDINGS, LLC | |
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By: |
/s/ David Sambur |
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Name: David Sambur |
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Title: Authorized Person |
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APOLLO HAMLET HOLDINGS B, LLC | |
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By: |
/s/ David Sambur |
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Name: David Sambur |
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Title: Authorized Person |
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TPG HAMLET HOLDINGS, LLC | |
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By: |
/s/ Michael LaGatta |
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Name: Michael LaGatta |
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Title: Vice President |
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TPG HAMLET HOLDINGS B, LLC | |
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By: |
/s/ Michael LaGatta |
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Name: Michael LaGatta |
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Title: Vice President |
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CO-INVEST HAMLET HOLDINGS, SERIES LLC | |
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By |
Its Managing Members |
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Apollo Management VI, L.P. on behalf of affiliated investment funds | |
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By: |
AIF VI Management, LLC its general partner |
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By: |
/s/ Laurie D. Medley |
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Name: Laurie D. Medley |
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Title: Vice President |
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TPG Genpar V, L.P. | |
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By: |
TPG GenPar V Advisors, LLC its general partner |
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By: |
/s/ Michael LaGatta |
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Name: Michael LaGatta |
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Title: Vice President |
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CO-INVEST HAMLET HOLDINGS B, LLC | |
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By |
Its Managing Members |
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Apollo Management VI, L.P. on behalf of affiliated investment funds | |
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By: |
AIF VI Management, LLC its general partner |
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By: |
/s/ Laurie D. Medley |
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Name: Laurie D. Medley |
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Title: Vice President |
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TPG Genpar V, L.P. | |
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By: |
TPG GenPar V Advisors, LLC its general partner |
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By: |
/s/ Michael LaGatta |
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Name: Michael LaGatta |
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Title: Vice President |