Attached files
file | filename |
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EX-10.9 - EX-10.9 - PHILLIPS 66 PARTNERS LP | d485877dex109.htm |
EX-10.8 - EX-10.8 - PHILLIPS 66 PARTNERS LP | d485877dex108.htm |
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 10, 2013
Registration No. 333-187582
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
Form S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Phillips 66 Partners LP
(Exact name of Registrant as Specified in Its Charter)
Delaware | 4610 | 38-3899432 | ||
(State or Other Jurisdiction of Incorporation or Organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
3010 Briarpark Drive
Houston, Texas 77042
(855) 283-9237
(Address, Including Zip Code, and Telephone Number, including Area Code, of Registrants Principal Executive Offices)
Paula A. Johnson
Vice President, General Counsel and Secretary
3010 Briarpark Drive
Houston, Texas 77042
(281) 293-6600
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
Copies to:
William N. Finnegan IV Brett E. Braden |
G. Michael OLeary David C. Buck | |
Latham & Watkins LLP 811 Main Street, Suite 3700 Houston, Texas 77002 (713) 546-5400 |
Andrews Kurth LLP 600 Travis, Suite 4200 Houston, Texas 77002 (713) 220-4200 |
Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.
If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ¨
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer | ¨ | Accelerated filer | ¨ | |||
Non-accelerated filer | x (Do not check if a smaller reporting company) | Smaller reporting company | ¨ |
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
Explanatory Note
This Amendment No. 2 is being filed for the purpose of filing Exhibits 10.8 and 10.9 to the Registration Statement (Commission File No. 333-187582). No changes or additions are being made hereby to the Prospectus constituting Part I of the Registration Statement (not included herein) or to Items 13, 14, 15 or 17 of Part II of the Registration Statement.
Part II
Information Not Required in the Prospectus
Item 13. Other expenses of issuance and distribution
Set forth below are the expenses (other than underwriting discounts and commissions) expected to be incurred in connection with the issuance and distribution of the securities registered hereby. With the exception of the Securities and Exchange Commission registration fee, the FINRA filing fee and the NYSE filing fee, the amounts set forth below are estimates.
SEC registration fee |
$ | 47,058 | ||
FINRA filing fee |
52,250 | |||
NYSE listing fee |
* | |||
Advisory fee |
* | |||
Printing and engraving expenses |
* | |||
Fees and expenses of legal counsel |
* | |||
Accounting fees and expenses |
* | |||
Transfer agent and registrar fees |
* | |||
Miscellaneous |
* | |||
|
|
|||
Total |
$ | * | ||
|
|
* | To be filed by amendment. |
Item 14. Indemnification of directors and officers
The section of the prospectus entitled Our Partnership AgreementIndemnification discloses that we will generally indemnify officers, directors and affiliates of the general partner to the fullest extent permitted by the law against all losses, claims, damages or similar events and is incorporated herein by this reference. Reference is also made to Section 7(a) of the Underwriting Agreement to be filed as an exhibit to this registration statement in which Phillips 66 Partners LP and certain of its affiliates will agree to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, and to contribute to payments that may be required to be made in respect of these liabilities. Subject to any terms, conditions or restrictions set forth in the partnership agreement, Section 17-108 of the Delaware Act empowers a Delaware limited partnership to indemnify and hold harmless any partner or other persons from and against all claims and demands whatsoever.
Item 15. Recent sales of unregistered securities
On March 15, 2013, in connection with the formation of the partnership, Phillips 66 Partners LP issued to (i) Phillips 66 Partners GP LLC the 2% general partner interest in the partnership for $20 and (ii) to Phillips 66 Company, a wholly owned subsidiary of Phillips 66, the 98% limited partner interest in the partnership for $980 in an offering exempt from registration under Section 4(2) of the Securities Act. There have been no other sales of unregistered securities within the past three years.
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Item 16. Exhibits
The following documents are filed as exhibits to this registration statement:
Exhibit |
Description | |
1.1* | Form of Underwriting Agreement (including form of Lock-up Agreement) | |
3.1** | Certificate of Limited Partnership of Phillips 66 Partners LP | |
3.2** | Form of First Amended and Restated Agreement of Limited Partnership of Phillips 66 Partners LP (included as Appendix A to the Prospectus) | |
5.1* | Opinion of Latham & Watkins LLP as to the legality of the securities being registered | |
8.1* | Opinion of Latham & Watkins LLP relating to tax matters | |
10.1* | Form of Credit Agreement | |
10.2* | Form of Contribution, Conveyance and Assumption Agreement | |
10.3* | Form of Phillips 66 Partners LP 2013 Incentive Compensation Plan | |
10.4* | Form of Omnibus Agreement | |
10.5* | Form of Clifton Ridge Transportation Services Agreement | |
10.6* | Form of Sweeny to Pasadena Transportation Services Agreement | |
10.7* | Form of Amended and Restated Hartford Connector Throughput and Deficiency Agreement | |
10.8 | Form of Clifton Ridge Terminal Services Agreement | |
10.9 | Form of Hartford and Pasadena Terminal Services Agreement | |
10.10* | Form of Operational Services Agreement | |
21.1* | List of Subsidiaries of Phillips 66 Partners LP | |
23.1** | Consent of Ernst & Young LLP | |
23.2* | Consent of Latham & Watkins LLP (contained in Exhibit 5.1) | |
23.3* | Consent of Latham & Watkins LLP (contained in Exhibit 8.1) | |
24.1** | Powers of Attorney (contained on the signature page to this Registration Statement) |
* | To be filed by amendment. |
** | Filed previously. |
| Confidential status has been requested for certain portions thereof pursuant to a Confidential Treatment Request filed May 10, 2013. Such provisions have been filed separately with the Securities and Exchange Commission. |
Item 17. Undertakings
The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreement certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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The undersigned registrant hereby undertakes that,
(i) For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.
(ii) For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
The undersigned registrant undertakes to send to each common unitholder, at least on an annual basis, a detailed statement of any transactions with Phillips 66 or its subsidiaries (including the registrants general partner) and of fees, commissions, compensation and other benefits paid, or accrued to Phillips 66 or its subsidiaries (including the registrants general partner) for the fiscal year completed, showing the amount paid or accrued to each recipient and the services performed.
The registrant undertakes to provide to the common unitholders the financial statements required by Form 10-K for the first full fiscal year of operations of the company.
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Signatures
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas, on May 10, 2013.
Phillips 66 Partners LP | ||
By: | Phillips 66 Partners GP LLC its General Partner | |
By: | /s/ Greg G. Maxwell | |
Greg G. Maxwell | ||
Vice President and Chief Financial Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on May 10, 2013.
Signature |
Title | |
* Greg C. Garland |
Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer) | |
/s/ Greg G. Maxwell Greg G. Maxwell |
Director, Vice President and Chief Financial Officer (Principal Financial Officer) | |
* C. Doug Johnson |
Vice President and Controller (Principal Accounting Officer) | |
* Tim G. Taylor |
Director | |
* C.C. Reasor |
Director |
* | Greg G. Maxwell hereby signs this Amendment No. 2 to the Registration Statement on behalf of the indicated persons for whom he is attorney-in-fact on May 10, 2013, pursuant to powers of attorney previously filed as Exhibit 24.1 to the Registration Statement on Form S-1 of Phillips 66 Partners LP filed with the Securities and Exchange Commission on March 27, 2013. |
By: | /s/ Greg G. Maxwell Attorney-in-fact |
Dated: May 10, 2013
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Exhibit Index
Exhibit |
Description | |||
1.1* | Form of Underwriting Agreement (including form of Lock-up Agreement) | |||
3.1** | Certificate of Limited Partnership of Phillips 66 Partners LP | |||
3.2** | Form of First Amended and Restated Agreement of Limited Partnership of Phillips 66 Partners LP (included as Appendix A to the Prospectus) | |||
5.1* | Opinion of Latham & Watkins LLP as to the legality of the securities being registered | |||
8.1* | Opinion of Latham & Watkins LLP relating to tax matters | |||
10.1* | Form of Credit Agreement | |||
10.2* | Form of Contribution, Conveyance and Assumption Agreement | |||
10.3* | Form of Phillips 66 Partners LP 2013 Incentive Compensation Plan | |||
10.4* | Form of Omnibus Agreement | |||
10.5* | Form of Clifton Ridge Transportation Services Agreement | |||
10.6* | Form of Sweeny to Pasadena Transportation Services Agreement | |||
10.7* | Form of Amended and Restated Hartford Connector Throughput and Deficiency Agreement | |||
10.8 | Form of Clifton Ridge Terminal Services Agreement | |||
10.9 | Form of Hartford and Pasadena Terminal Services Agreement | |||
10.10* | Form of Operational Services Agreement | |||
21.1* | List of Subsidiaries of Phillips 66 Partners LP | |||
23.1** | Consent of Ernst & Young LLP | |||
23.2* | Consent of Latham & Watkins LLP (contained in Exhibit 5.1) | |||
23.3* | Consent of Latham & Watkins LLP (contained in Exhibit 8.1) | |||
24.1** | Powers of Attorney (contained on the signature page to this Registration Statement) |
* | To be filed by amendment. |
** | Filed previously. |
| Confidential status has been requested for certain portions thereof pursuant to a Confidential Treatment Request filed May 10, 2013. Such provisions have been filed separately with the Securities and Exchange Commission. |
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