SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE TO
TENDER OFFER STATEMENT
UNDER SECTION 14(D)(1) OR SECTION 13(E)(1) OF THE SECURITIES
EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
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APPLIED GRAPHICS TECHNOLOGIES, INC.
(Name Of Subject Company (Issuer))
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KAGT HOLDINGS, INC.
KAGT ACQUISITION CORP.
KOHLBERG INVESTORS IV, L.P.
KOHLBERG TE INVESTORS IV, L.P.
KOHLBERG OFFSHORE INVESTORS IV, L.P.
KOHLBERG PARTNERS IV, L.P.
(Names of Filing Persons (Offerors))
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
037937208
(CUSIP Number of Class of Securities)
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Mr. Christopher Lacovara
KAGT Acquisition Corp.
c/o Kohlberg & Company
111 Radio Circle
Mt. Kisco, NY 10549
Telephone: (914) 241-7430
(Name, address and telephone number of person authorized
to receive notices and communications on behalf of filing persons)
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COPIES TO:
Daniel S. Evans, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110
Telephone: (617) 951-7000
CALCULATION OF FILING FEE
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Transaction Valuation* Amount Of Filing Fee**
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$8,559,980.25 $692.50
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* Estimated solely for purposes of calculating amount of filing fee in
accordance with Rule 0-11(d) under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). The transaction value is based upon
10,070,565 shares of outstanding Common Stock, par value $.01 per share of
the Subject Company as of May 31, 2003 and the expected merger
consideration of $0.85 per share. Such outstanding shares assumes the
exercise of 923,000 options, all outstanding in-the-money options to
purchase shares of Common Stock of the Subject Company which are
exercisable in connection with the transaction.
** Previously paid.
[ ] Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number or the Form or Schedule and the date of its filing.
Amount Previously Paid: N/A
Form or Registration No.: N/A
Filing Party: N/A
Date Filed: N/A
[ ] Check the box if the filing relates to preliminary communications made
before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which
the statement relates:
[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
results of the tender offer: [ ]
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This Amendment No. 4 amends and supplements the Tender Offer Statement on
Schedule TO (as amended to date, the "Schedule TO") filed with the Securities
and Exchange Commission on June 20, 2003 by KAGT Holdings, Inc. ("Parent"), KAGT
Acquisition Corp. ("Purchaser"), Kohlberg Investors IV, L.P., Kohlberg TE
Investors IV, L.P., Kohlberg Offshore Investors IV, L.P. and Kohlberg Partners
IV, L.P, as amended on July 7, 2003, July 11, 2003, and July 15, 2003. The
Schedule TO relates to the offer by the Purchaser to purchase all of the
outstanding shares of common stock, $0.01 par value per share (the "Shares"), of
Applied Graphics Technologies, Inc., a Delaware
corporation (the "Company"), at a purchase price of $0.85 per Share, net to the
seller in cash, less any required withholding taxes and without interest
thereon, upon the terms and subject to the conditions set forth in the related
offer to purchase dated June 20, 2003 (as amended to date, the "Offer to
Purchase"), and in the related letter of transmittal. Capitalized terms used and
not otherwise defined herein have the meanings assigned thereto in the Schedule
TO.
ITEM 4. TERMS OF THE TRANSACTION; ITEM 11. ADDITIONAL INFORMATION
Items 4 and 11 of the Schedule to are hereby amended to add the following:
On July 21, 2003, the Purchaser announced in a press release
that it was extending the expiration of the Offer from midnight EDT on
July 18, 2003 to midnight EDT on July 30, 2003. The full text of this
press release is filed as Exhibit (a)(10) to this Schedule TO, which is
incorporated by reference herein.
ITEM 12. EXHIBITS
(a)(10) Press release issued by the Purchaser on July 21, 2003.
SIGNATURES
After due 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.
KAGT HOLDINGS, INC.
By: /s/ Christopher Lacovara
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Name: Christopher Lacovara
Title: President
KAGT ACQUISITION CORP.
By: /s/ Christopher Lacovara
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Name: Christopher Lacovara
Title: President
KOHLBERG INVESTORS IV, L.P.
By: Kohlberg Management IV, L.L.C.,
its general partner
By: /s/ Christopher Lacovara
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Name: Christopher Lacovara
Title: Authorized Member Manager
KOHLBERG TE INVESTORS IV, L.P.
By: Kohlberg Management IV, L.L.C.,
its general partner
By: /s/ Christopher Lacovara
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Name: Christopher Lacovara
Title: Authorized Member Manager
KOHLBERG OFFSHORE INVESTORS IV, L.P.
By: Kohlberg Management IV, L.L.C.,
its general partner
By: /s/ Christopher Lacovara
------------------------------------
Name: Christopher Lacovara
Title: Authorized Member Manager
KOHLBERG PARTNERS IV, L.P.
By: Kohlberg Management IV, L.L.C.,
its general partner
By: /s/ Christopher Lacovara
------------------------------------
Name: Christopher Lacovara
Title: Authorized Member Manager
Dated: July 21, 2003
INDEX TO EXHIBITS
EXHIBIT NUMBER DOCUMENT
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*(a)(1) Offer to Purchase dated June 20, 2003.
*(a)(2) Form of Letter of Transmittal.
*(a)(3) Form of Notice of Guaranteed Delivery.
*(a)(4) Form of Letter to Brokers, Dealers, Banks, Trust Companies and
Other Nominees.
*(a)(5) Form of Letter to Clients for Use by Brokers, Dealers, Banks,
Trust Companies and Other Nominees.
*(a)(6) Form of Guidelines for Certification of Taxpayer
Identification Number on Substitute Form W-9.
*(a)(7) Press Release issued by the Company on June 13, 2003
(incorporated by reference to the Schedule TO-C filed by
Parent and the Purchaser with the Securities and Exchange
Commission on June 13, 2003).
*(a)(8) Summary Advertisement published in New York Times on June 20,
2003.
*(a)(9) Press Release issued by the Company on July 14, 2003.
(a)(10) Press Release issued by the Purchaser on July 21, 2003.
*(b)(1) Commitment Letter, dated May 20, 2003 among Foothill Capital
Corporation, Silver Point Capital, L.P. and Kohlberg
Management IV, L.L.C.
*(b)(2) Equity Commitment Letter, dated May 8, 2003, from Kohlberg
Management IV, L.L.C. to the Company.
*(d)(1) Agreement and Plan of Merger dated as of June 12, 2003 among
Parent, the Purchaser and the Company.
*(d)(2) Lock-up Agreement dated as of June 12, 2003 by and among the
Company, Parent, Fleet National Bank, as Administrative Agent
(the "Agent") and the lenders (the "Lenders") party to the
Second Amended and Restated Credit Agreement dated as of April
15, 2003, by and among the Company, as borrower, the Agent and
the Lenders.
*(d)(3) Form of Subordinated Notes Undertaking, dated as of April 29
and May 7, 2003, among the Company and each of Ionian Nominees
Limited, Securities Management Trust, Vasiliou & Co. Inc.,
Credit Suisse First Boston Equities Nominees Limited, Merrill
Lynch, Maldon Electric Securities Limited, EAP Securities
Limited and New
Centurion Trust Limited.
*(d)(4) Form of Preference Shares Undertaking, dated as of June 12,
2003, among the Company, Wace Group Limited and each of
Aberdeen Asset Managers Ltd, New Star Asset Management Limited
and INVESCO Asset Management Limited.
*(d)(5) Preference Shares Undertaking, dated as of June 12, 2003,
among the Company, Wace Group Limited and Applied Graphics
Technologies (UK) Limited.
*(d)(6) Confidentiality Agreement dated March 20, 2003 between the
Company and Kohlberg Management IV, L.L.C.
*(d)(7) Tender Agreement dated June 12, 2003 among Parent, the
Purchaser and Applied Printing Technologies, L.P.
*(d)(8) Form of Tender Agreement dated June 12, 2003 among Parent, the
Purchaser and each of the Lenders.
*(d)(9) Form of Tender Agreement dated June 12, 2003 among Parent, the
Purchaser and each of Fred Drasner, Martin Krall, Joseph
Vecchiolla, David Parker and Marne Obernauer, Jr.
(g) None.
(h) None.
*Previously Filed