SCHEDULE TO-I
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AMDOCS LIMITED
(Name of Subject Company (Issuer))
Amdocs Limited
(Name of Filing Persons (Offeror))
0.50% Convertible Senior Notes due 2024
(Title of Class of Securities)
02342TAC3
02342TAD1
(CUSIP Number of Class of Securities)
Amdocs, Inc.
1390 Timberlake Manor Parkway, Chesterfield, Missouri 63017
Attention: Thomas G. OBrien, Treasurer
(314) 212-8328
(Name, address and telephone numbers of person authorized to receive notices and communications on behalf of filing persons)
The Commission is requested to send copies of all communications to:
Robert A. Schwed, Esq.
WilmerHale LLP
300 Park Avenue
New York, New York 10022
(212) 937-7200
CALCULATION OF FILING FEE
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Transaction Valuation(1)
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Amount of Filing Fee(2) |
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$331,869,114
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$13,043 |
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(1) |
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Determined pursuant to Rule 0-11(b)(1) of the Securities Exchange Act of 1934. Based upon the
maximum amount of cash that might be paid for the 0.50% Convertible Senior Notes due 2024. |
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(2) |
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The amount of the filing fee, calculated in accordance with Section 13(e)(3) of the
Securities Exchange Act of 1934, as amended, equals $39.30 per $1,000,000 of the value of
securities proposed to be purchased. |
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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. |
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Amount Previously Paid: Not applicable.
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Filing party: Not applicable. |
Form or Registration No.: Not applicable.
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Date filed: Not applicable. |
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Check the box if the filing relates solely 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:
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third party tender offer subject to Rule 14d-1. |
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issuer tender offer subject to Rule 13e-4. |
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going-private transaction subject to Rule 13e-3. |
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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: o
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s)
relied upon:
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Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
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Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
TABLE OF CONTENTS
TENDER OFFER
This Tender Offer Statement on Schedule TO relates to an offer (the Offer) by Amdocs
Limited, a company organized under the laws of the Island of Guernsey (Amdocs), to purchase for
cash, on the terms and subject to the conditions set forth in the attached Notice of Put Right and
Offer to Purchase, dated February 13, 2009 (the Offer to Purchase), and Letter of Transmittal
(the Letter of Transmittal), any and all of its outstanding 0.50% Convertible Senior Notes due
2024. Copies of the Offer to Purchase and the Letter of Transmittal are filed as exhibits (a)(1)(i)
and (a)(1)(ii), respectively, hereto. Pursuant to General Instruction F to Schedule TO, information
contained in the Offer to Purchase is hereby incorporated by reference in the answers to items in
this Statement.
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Item 1. |
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Summary Term Sheet. |
The information set forth in the section of the Offer to Purchase captioned Summary Term
Sheet is incorporated herein by reference.
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Item 2. |
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Subject Company Information. |
(a) The name of the issuer is Amdocs Limited, a company organized under the laws of the
Island of Guernsey. Our registered office is located in Suite 5, Tower Hill House Le Bordage, St.
Peter Port, Guernsey, GY1 3QT, and the telephone number at that location is 011-44-1481-728444. The
executive offices of our principal subsidiary in the United States are located at 1390 Timberlake
Manor Parkway, Chesterfield, Missouri 63017, and the telephone number at that location is (314)
212-8328. The information set forth in the Offer to Purchase in the section captioned Information
About Amdocs is incorporated herein by reference.
(b) The securities that are subject to this offer are the 0.50% Convertible Senior Notes due
2024 of Amdocs Limited, or the notes. As of the date of this
statement, there was $331,800,000 aggregate principal amount of the notes outstanding.
(c) The information set forth in the Offer to Purchase in the section captioned The Offer
Information about the Notes Trading Market is incorporated herein by reference.
On February 11, 2009, the last reported sale price for Amdocs ordinary shares was $18.59 per
share.
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Item 3. |
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Identity and Background of Filing Person. |
(a) The information set forth under Item 1 and Item 2(a) above is incorporated herein by
reference. Amdocs is both the filing person and the subject company.
As required by General Instruction C to Schedule TO promulgated by the U.S. Securities and
Exchange Commission, the following persons are directors and/or executive officers and/or
controlling persons of Amdocs:
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Bruce K. Anderson
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Director, Amdocs Limited |
Adrian Gardner
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Director, Amdocs Limited |
Charles E. Foster
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Director, Amdocs Limited |
James S. Kahan
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Director, Amdocs Limited |
Zohar Zisapel
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Director, Amdocs Limited |
Julian A. Brodsky
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Director, Amdocs Limited |
Eli Gelman
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Director, Amdocs Limited |
Nehemia Lemelbaum
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Director, Amdocs Limited |
John T. McLennan
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Director, Amdocs Limited |
Robert A. Minicucci
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Director, Amdocs Limited |
Simon Olswang
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Director, Amdocs Limited |
Dov Baharav
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Director, Amdocs Limited; President and Chief Executive Officer, Amdocs
Management Limited |
Tamar Rapaport Dagim
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Senior Vice President and Chief Financial Officer, Amdocs Management Limited |
James Liang
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Senior Vice President and Chief Strategy Officer, Amdocs, Inc. |
Ayal Shiran
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Senior Vice President and Head of Customer Business Group |
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Anshoo Gaur
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Division President, Amdocs Development Center India Pvt. Ltd. |
Thomas G. OBrien
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Treasurer and Secretary, Amdocs Limited |
The address of each director and/or executive officer listed above is c/o Amdocs, Inc., 1390
Timberlake Manor Parkway, Chesterfield, Missouri 63017, and each such persons telephone number is
(314) 212-8328.
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Item 4. |
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Terms of the Transaction. |
(a)(1)(i) (iii), (v) (viii), (x), (xii) The information set forth in the sections of the
Offer to Purchase captioned Summary Term Sheet, The Offer General, Purpose of the
Offer, Information about the Notes, Source and Amount of Funds, Expiration Date;
Extensions; Amendments; Termination, Conditions to this Offer, Procedures for Tendering and
Withdrawing Notes Tendering Notes, Withdrawal Rights, Acceptance for Payment,
Material U.S. Federal Income Tax Consequences U.S. Holders, Purchase of Notes under the
Offer, Market Discount, and Amortizable Bond Premium is incorporated herein by
reference.
(a)(1)(iv), (ix), (xi) Not applicable.
(a)(2) Not applicable.
(b) None of the subject securities is to be purchased from any officer, director, or
affiliate of Amdocs.
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Item 5. |
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Past Contacts, Transactions, Negotiations and Agreements. |
(e) The notes are governed by the Indenture, dated as of March 5, 2004, between Amdocs, as
Issuer, and The Bank of New York Mellon (formerly known as The Bank of New York), as Trustee. The
information set forth in the Offer to Purchase in the section captioned The Offer Information
about the Notes is incorporated herein by reference.
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Item 6. |
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Purposes of the Transaction and Plans or Proposals. |
(a) The information set forth in the Offer to Purchase in the section captioned The Offer
Purpose of the Offer is incorporated herein by reference.
(b) The information set forth in the Offer to Purchase in the section captioned The Offer
Purpose of the Offer is incorporated herein by reference.
(c)(1) None.
(c)(2) None.
(c)(3) None.
(c)(4) None.
(c)(5) None.
(c)(6) None.
(c)(7) None.
(c)(8) None.
(c)(9) None.
(c)(10) None.
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Item 7. |
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Source and Amount of Funds or Other Consideration. |
(a) The information set forth in the Offer to Purchase in the section captioned The Offer
Source and Amount of Funds is incorporated herein by reference.
(b) Not applicable.
(d) The information set forth in the Offer to Purchase in the section captioned The Offer
Source and Amount of Funds is incorporated herein by reference.
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Item 8. |
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Interest in Securities of the Subject Company. |
(a) To the best knowledge of Amdocs, no notes are beneficially owned by any person whose
ownership would be required to be disclosed by this item.
(b) None.
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Item 9. |
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Persons/Assets, Retained, Employed, Compensated or Used. |
(a) The information set forth in the Offer to Purchase in the section captioned Paying
Agent; Fees and Expenses is incorporated herein by reference.
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Item 10. |
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Financial Statements. |
(a) Amdocs does not believe it is required to include such information due to the fact that
such information is not material because, among other reasons, the consideration offered consists
solely of cash, the offer is not subject to any financing condition, the offeror is a public
reporting company that files reports electronically under EDGAR and the Offer is for all
outstanding notes.
(b) Not applicable.
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Item 11. |
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Additional Information. |
Agreements, Regulatory Requirements and Legal Proceedings.
(a)(1) None.
(a)(2) None.
(a)(3) None.
(a)(4) None.
(a)(5) None.
Other Material Information.
(b) The information set forth in the Offer to Purchase and the Letter of Transmittal dated as
of February 13, 2009, copies of which are attached hereto as Exhibits (a)(1)(i) and (a)(1)(ii),
respectively, is incorporated herein by reference.
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(a)(1)(i)
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Notice of Put Right and Offer to Purchase, dated February 13, 2009.* |
(a)(1)(ii)
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Letter of Transmittal, dated February 13, 2009.* |
(a)(1)(iii)
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Letter to Clients, dated February 13, 2009.* |
(a)(1)(iv)
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Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees, dated February 13, 2009.* |
(a)(1)(v)
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Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* |
(a)(5)(i)
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Press Release Regarding Offer, dated February 13, 2009.* |
(b)
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Credit Agreement, dated as of November 27, 2007, among Amdocs Limited, certain of its subsidiaries, the
lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, J.P. Morgan
Europe Limited, as London agent, and JPMorgan Chase Bank, N.A., Toronto branch, as Canadian agent
(incorporated by reference to Exhibit 4.b.9 to Amdocs Annual Report on Form 20-F, filed December 3,
2007). |
(d)(1)
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Indenture, dated as of March 5, 2004, between Amdocs Limited and The Bank of New York Mellon (formerly
known as The Bank of New York), as trustee, for 0.50% Convertible Senior Notes due 2024 (incorporated by
reference to Exhibit 99.1 to Amdocs Report on Form 6-K, filed March 5, 2004). |
(d)(2)
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Registration Rights Agreement, dated as of March 5, 2004, between Amdocs Limited and Morgan Stanley & Co.
Incorporated, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated (incorporated by
reference to Exhibit 99.2 to Amdocs Report on Form 6-K, filed March 5, 2004). |
(g)
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None. |
(h)
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None. |
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Item 13. |
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Information Required by Schedule 13E-3. |
Not applicable.
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SIGNATURE
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.
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Amdocs Limited |
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By:
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/s/ Thomas G. OBrien |
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Thomas G. OBrien |
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Treasurer and Secretary |
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Authorized U.S. Representative |
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Date: February 13, 2009
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EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
(a)(1)(i)
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Notice of Put Right and Offer to Purchase, dated February 13, 2009.* |
(a)(1)(ii)
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Letter of Transmittal, dated February 13, 2009.* |
(a)(1)(iii)
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Letter to Clients, dated February 13, 2009.* |
(a)(1)(iv)
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Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees, dated February 13, 2009.* |
(a)(1)(v)
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Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* |
(a)(5)(i)
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Press Release Regarding Offer, dated February 13, 2009.* |
(b)
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Credit Agreement, dated as of November 27, 2007, among Amdocs Limited, certain of its subsidiaries, the
lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, J.P. Morgan
Europe Limited, as London agent, and JPMorgan Chase Bank, N.A., Toronto branch, as Canadian agent
(incorporated by reference to Exhibit 4.b.9 to Amdocs Annual Report on Form 20-F, filed December 3,
2007). |
(d)(1)
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Indenture, dated as of March 5, 2004, between Amdocs Limited and The Bank of New York Mellon (formerly
known as The Bank of New York), as trustee, for 0.50% Convertible Senior Notes due 2024 (incorporated by
reference to Exhibit 99.1 to Amdocs Report on Form 6-K, filed March 5, 2004). |
(d)(2)
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Registration Rights Agreement, dated as of March 5, 2004, between Amdocs Limited and Morgan Stanley & Co.
Incorporated, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated (incorporated by
reference to Exhibit 99.2 to Amdocs Report on Form 6-K, filed March 5, 2004). |
(g)
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None. |
(h)
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None. |
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