Amendment: SEC Form SC TO-T/A filed by Equitable Holdings Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

 

 

AllianceBernstein Holding L.P.

(Name of Subject Company (Issuer))

Equitable Holdings, Inc.

(Name of Filing Person (Offeror))

 

 

Units Representing Assignments of Beneficial Ownership of Limited Partnership Interests

(Title of Class of Securities)

01881G106

(CUSIP Number of Class of Securities)

 

 

Robin M. Raju

Chief Financial Officer

Equitable Holdings, Inc.

1345 Avenue of the Americas

New York, New York 10105

(212) 554-1234

(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons)

 

 

Copy to:

John M. Schwolsky

Jennifer J. Carlson

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, NY 10019-6099

(212) 728-8000

 

 

 

☐	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:

 

☑

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: ☐

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

☐

Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

☐

Rule 14d-1(d) (Cross-Border Third Party Tender Offer)

 

 

As permitted by General Instruction G to Schedule TO, this Schedule TO is also an amendment to the statement on Schedule 13D initially filed on August 4, 1992, as previously amended.

 

 

 

CUSIP No.        01881G106

 

1		Name of reporting person    Equitable Holdings, Inc.
2		Check the appropriate box if a member of a Group (See Instructions)  (a) ☐ (b) ☐
3		SEC use only
4		Source of funds (See Instructions)    OO
5		Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ☐
6		Citizenship or place of organization    DELAWARE

Number of Shares  Beneficially  Owned by Each Reporting Person With:				7		Sole Voting Power    0
				8		Shared Voting Power    0
				9		Sole Dispositive Power    0
				10		Shared Dispositive Power    0

11		Aggregate amount beneficially owned by each reporting person    0
12		Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)    ☐
13		Percent of class represented by amount in Row (11)    0.00%
14		Type of Reporting Person (See Instructions)    HC, CO

 

COMBINED AMENDMENT NO. 1 TO SCHEDULE TO AND SCHEDULE 13D

This Amendment No. 1 to the Tender Offer Statement on Schedule TO (this “Amendment No. 1”) amends and supplements the Tender Offer Statement on Schedule TO filed by Equitable Holdings, Inc., a Delaware corporation (“Equitable”), with the Securities and Exchange Commission on February 24, 2025 (together with any subsequent amendments and supplements thereto, the “Schedule TO”), relating to an offer by Equitable to purchase up to 46,000,000 units representing assignments of beneficial ownership of limited partnership interests (“Units”) in AllianceBernstein Holding L.P., a Delaware limited partnership, at a price of $38.50 per Unit (the “Purchase Price”), net to the seller in cash, for an aggregate Purchase Price of up to approximately $1.8 billion, less any applicable tax withholding, upon the terms and subject to the conditions set forth in the Offer to Purchase dated February 24, 2025 (the “Offer to Purchase”), and the related Letter of Transmittal, copies of which were filed with the Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively.

This Amendment No. 1 is being filed to provide additional disclosure regarding the treatment of fractional Units in the event that proration is required. Except as set forth in this Amendment No. 1, the information set forth in the Schedule TO and the exhibits thereto remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment No. 1.

Items 1 and 4

The Offer to Purchase and Items 1 and 4 of the Schedule TO, to the extent such item incorporates by reference the information contained in the Offer to Purchase, are hereby amended and supplemented as follows:

The language “(with adjustments to avoid purchases of fractional Units)” set forth in the Offer to Purchase in (i) the first sentence of the second paragraph on the cover page, (ii) the first sentence of the first paragraph under the heading “What happens if unitholders tender more Units than we are willing to buy?” on page 3, (iii) the first sentence of the third paragraph on page 10, (iv) the first sentence of the fourth paragraph under the heading “1. Terms of the Offer” on page 12 and (v) the first sentence of the second paragraph under the heading “5. Purchase of Units and Payment of Purchase Price” on page 20, in each case is hereby deleted and replaced with “(adjusted by rounding down to the nearest whole number of Units tendered by each unitholder to avoid purchases of fractional Units, as appropriate).”

ITEM 12. EXHIBITS

 

(a)(1)(i)*		Offer to Purchase, dated February 24, 2025.
(a)(1)(ii)*		Form of Letter of Transmittal (including IRS Form W-9).
(a)(1)(iii)*		Form of Notice of Guaranteed Delivery.
(a)(1)(iv)*		Form of Letter to Brokers, Dealers, Banks, Trust Companies and Other Nominees.
(a)(1)(v)*		Form of Letter to Clients for Use by Brokers, Dealers, Banks, Trust Companies and Other Nominees.
(a)(1)(vi)*		Text of Summary Advertisement, as published in the Wall Street Journal on February 24, 2025.
(a)(5)(i)*		Press Release issued by Equitable Holdings, Inc., dated February 24, 2025.
(a)(5)(ii)*		Excerpt from a presentation held by Equitable on February 24, 2025.
(a)(5)(iii)*		Excerpt from a transcript of a presentation held by Equitable on February 24, 2025.
(b)		364-day Term Loan Credit Agreement, dated as of February  21, 2025, among Equitable Holdings, Inc., certain Banks and Barclays Bank plc, as administrative agent, sole lead arranger and bookrunner (incorporated by reference to Exhibit 10.1 to Equitable’s Current Report on Form 8-K, filed on February 24, 2025).
(d)(i)		Amendment No. 1 dated February  24, 2006 to Amended and Restated Agreement of Limited Partnership of AB Holding (incorporated by reference to Exhibit 3.1 to AB Holding’s Form 10-Q for the fiscal quarter ended September  30, 2006, filed on November 8, 2006).

(d)(ii)		Amended and Restated Agreement of Limited Partnership dated October  29, 1999 of AB Holding (incorporated by reference to Exhibit 3.2 to AB Holding’s Form 10-K for the fiscal year ended December 31, 2003, filed on March 10, 2004).
(d)(iii)		Amendment No. 1 dated February  24, 2006 to Amended and Restated Agreement of Limited Partnership of AB (incorporated by reference to Exhibit 3.2 to AB Holding’s Form 10-Q for the fiscal quarter ended September  30, 2006, filed on November 8, 2006).
(d)(iv)		Amended and Restated Agreement of Limited Partnership dated October  29, 1999 of AB (incorporated by reference to Exhibit 3.3 to AB Holding’s Form 10-K for the fiscal year ended December 31, 2003, filed on March 10, 2004).
(d)(v)		Master Exchange Agreement dated December  19, 2024, between Equitable and AB (incorporated by reference to Exhibit 10.1 to AB Holding’s Form 8-K, filed on December 19, 2024).
(g)		None.
(h)		None.
107*		Filing Fee Table.

 

*	Filed previously.

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.

Dated: March 17, 2025