Filed
Pursuant to Rule 424(b)(3)
Registration No. 333-161076
SUPPLEMENT NO. 1 DATED SEPTEMBER 22, 2009
TO THE PROXY STATEMENT/PROSPECTUS DATED SEPTEMBER 14, 2009
SUPPLEMENT
TO
PROXY STATEMENT/PROSPECTUS
The following supplements the proxy statement/prospectus dated September 14, 2009 (the Proxy
Statement/Prospectus), and should be read in conjunction with the Proxy Statement/Prospectus and
its annexes. All page references in the information provided below refer to those page numbers in
the Proxy Statement/Prospectus and all capitalized terms used but not defined in this supplement to
Proxy Statement/Prospectus (this Supplement), shall have the meanings set forth in the Proxy
Statement/Prospectus. To the extent information in this Supplement differs from, updates or
conflicts with information contained in the Proxy Statement/Prospectus, the information in this
Supplement is the more current information.
The purpose of this Supplement is to provide information regarding the following:
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Adjournment of the Meetings; |
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Certain Share Purchase Arrangements and Higher Prices to be Paid; and |
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Limited Waiver of Closing Condition; Reduced Acquisition Consideration. |
Adjournment of Meetings
As disclosed in the Proxy Statement/Prospectus, the special meeting of HACIs stockholders and
HACI Public Warrantholders will be held at 10:00 A.M and 10:30 A.M, respectively, Central Daylight
time, on September 24, 2009, at the offices of Akin Gump Strauss Hauer & Feld, LLP, 1700 Pacific
Avenue, 39th Floor, Dallas, Texas 75201.
HACI will convene the meetings on September 24, 2009 as previously disclosed, however, it
intends to adjourn such meetings without conducting any business until 8:30 A.M and 9:00 A.M,
respectively, Central Daylight time on September 25, 2009. This planned adjournment is intended to
give HACI Public Warrantholders and HACI stockholders additional time to consider this Supplement
and to vote on the proposals to be considered at the meetings.
If you have already returned a validly executed proxy card, your votes will be recorded unless you
submit a subsequent proxy or otherwise revoke your prior proxy prior to the special meeting. If
your warrants or shares are held in street name you may revoke any prior vote or proxy by
following the telephone and/or Internet voting procedures provided to you by your bank or broker
until 11:59 P.M. Eastern Daylight time on September 24, 2009.
This Supplement updates the disclosures on pages 11, 30 and 76 of the Proxy
Statement/Prospectus and any other applicable section of the Proxy Statement/Prospectus.
Certain Purchase Arrangements and Higher Prices Paid or to be Paid
As described in the Proxy Statement/Prospectus, HACI, the Initial Stockholders or HACIs
directors officers and their respective affiliates may, or HACI may engage a third party
aggregator to, negotiate arrangements to provide for the purchase of the Public Shares from
holders who indicate their intention to vote against the Acquisition and/or seek conversion or who
otherwise wish to sell their Public Shares, and it was disclosed that the maximum cash purchase
price that will be offered to the holders of Public Shares by HACI, the Initial Stockholders or
HACIs directors and officers and their respective affiliates, or such third party aggregator for
their shares would be the per-share conversion price at the time of the Acquisition.
As of the date hereof, HACI has negotiated arrangements, and may continue to negotiate
arrangements, to provide for the purchase of Public Shares from holders who have indicated their
intention to vote against the
Acquisition Proposal and seek conversion. In addition, in certain of these arrangements, the
maximum cash purchase price offered to the holders of Public Shares by HACI, the Initial
Stockholders or HACIs directors and officers and their respective affiliates, or such third party
aggregator for their shares have been, or may be, slightly higher than the per-share conversion
price at the time of the Acquisition (excluding any fees paid to an aggregator). This may result
in holders of Public Shares that enter into these arrangements receiving a slightly higher purchase
price than a holder that properly seeks conversion of his shares. Entering into such arrangements
(and agreeing to vote in favor of the Acquisition) provides HACI with greater certainty that the
Acquisition will be consummated.
This Supplement updates the disclosures in the section entitled The Acquisition Actions That
May Be Taken To Secure Approval of HACI Stockholders on pages 123-125 as well as pages 25 and 64
and any other applicable section of the Proxy Statement/Prospectus.
Limited Waiver of Closing Condition; Reduced Acquisition Consideration
Cash from the trust account will be used to fund the purchase arrangements described above,
which is anticipated to deplete the cash that otherwise would have been paid to Aneth. As of the
date hereof, Seller has waived the condition to its and its affiliates obligation to consummate
the transactions contemplated by the Acquisition Agreement that requires HACI to pay Aneth at least
$275 million, but only to the extent that the amount actually paid by HACI to Aneth is not less
than $240 million.
As a result, in the event the amount actually paid by HACI to Aneth is $240 million or
greater, such condition to its obligation to consummate the transactions contemplated by the
Acquisition Agreement will have been satisfied. As required by the Acquisition Agreement, all of
the consideration paid by HACI to Aneth will be used to repay part of the Companys outstanding
indebtedness on its First Lien Credit Facility and all of its outstanding indebtedness on its
Second Lien Credit Facility; provided, however, that to the extent the amount actually paid by HACI
to Aneth is less than the originally contemplated $275 million, the repayment of the part of the
Companys outstanding indebtedness on its First Lien Credit Facility will be reduced, resulting in
greater outstanding indebtedness immediately following the consummation of the transactions
contemplated by the Acquisition Agreement. At June 30, 2009, the amount outstanding under the
First Lien Credit Facility was approximately $193 million.
This Supplement updates the disclosures in the section entitled The Acquisition Agreement
Conditions to Closing on pages 134-36 as well as pages 18-20, 55-57 and 69-70 and any other
applicable section of the Proxy Statement/Prospectus.