UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Information to be Included in Statements Filed Pursuant to Rule 13d-1(A)
and Amendments thereto Filed Pursuant to Rule 13d-2(A)
under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)*
JCC HOLDING COMPANY (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
46611Q403 (CUSIP Number) |
Stephen H. Brammell Senior Vice President and General Counsel Harrah's Entertainment, Inc. One Harrah's Court Las Vegas, Nevada 89119 Telephone: (702) 407-6000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
Copies to: William J. Cernuis Latham & Watkins 650 Town Center Drive, 20th Floor Costa Mesa, California 92626 (714) 540-1235 |
June 7, 2002 (Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: o.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 46611Q403 |
Page 2 of 5 Pages |
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1 | NAME OF REPORTING PERSON Harrah's Entertainment, Inc. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o |
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3 | SEC USE ONLY | |||||
4 | SOURCE OF FUNDS WC/BK/OO |
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5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) o |
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6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
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NUMBER OF | 7 | SOLE VOTING POWER | ||||
SHARES | 7,805,306 | |||||
BENEFICIALLY | ||||||
OWNED BY EACH | 8 | SHARED VOTING POWER | ||||
REPORTING | 0 | |||||
PERSON WITH | ||||||
9 | SOLE DISPOSITIVE POWER 7,805,306 |
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10 | SHARED DISPOSITIVE POWER 0 |
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11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,805,306 |
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12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o |
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13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 63.0% (see Item 5) |
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14 | TYPE OF REPORTING PERSON CO |
SCHEDULE 13D
CUSIP No. 46611Q403 |
Page 3 of 5 Pages |
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1 | NAME OF REPORTING PERSON Harrah's Operating Company, Inc. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o |
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3 | SEC USE ONLY | |||||
4 | SOURCE OF FUNDS WC/BK/OO |
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5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) o |
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6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
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NUMBER OF | 7 | SOLE VOTING POWER | ||||
SHARES | 7,805,306 | |||||
BENEFICIALLY | ||||||
OWNED BY EACH | 8 | SHARED VOTING POWER | ||||
REPORTING | 0 | |||||
PERSON WITH | ||||||
9 | SOLE DISPOSITIVE POWER 7,805,306 |
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10 | SHARED DISPOSITIVE POWER 0 |
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11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,805,306 |
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12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* o |
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13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 63.0% (see Item 5) |
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14 | TYPE OF REPORTING PERSON CO |
This constitutes Amendment No. 2 (this "Amendment") to the Statement on Schedule 13D previously filed on March 6, 2002, as amended by Amendment No. 1 to the Statement filed on June 7, 2002 (the "Schedule 13D"), by each of Harrah's Entertainment, Inc., a Delaware corporation ("HET"), and Harrah's Operating Company, Inc., a Delaware corporation ("HOC"). Capitalized terms used and not defined in this Amendment have the meanings set forth in the Schedule 13D.
Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented to add the following:
HOC used funds in the aggregate amount of $64,538,960.72 to purchase the shares of Common Stock and DBTCA Notes pursuant to the Purchase Agreement. The funds were provided by HET's cash resources which come from, (i) working capital, (ii) a commercial paper program, (iii) a bid note and (iv) revolving credit and letter of credit facilities. The interest rate charged on HET's borrowings under its commercial paper program and bid note are subject to changes depending on the capital markets. HET's revolving credit and letter of credit facilities are provided to HET by a consortium of banks with a total capacity as of April 25, 2002 of $1.857 billion. The interest rates charged on borrowings under these facilities are a function of the London Inter-Bank Offered Rate, or LIBOR. As such, the interest rates charged for borrowings under the facilities are subject to change as LIBOR changes. There is also an option on each credit facility to borrow at the prime rate. Because HET's cash resources are fungible, neither HET nor HOC can state definitively which of the above cash resources the source of funds for the Purchase Agreement came from.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended and supplemented to add the following:
On June 7, 2002, the transactions contemplated by the Purchase Agreement were consummated and HOC purchased 1,734,068 shares of Common Stock and the DBTCA Notes from DBTCA.
In connection with the acquisition of the shares of Common Stock, HOC received an irrevocable proxy from DBTCA appointing four representatives of HOC to vote the 1,734,068 shares of Common Stock at the 2002 Annual Meeting in favor of the two directors nominated by HET and HOC.
HOC has the right to vote 63.0% of the outstanding shares of the Issuer at the 2002 Annual Meeting. HOC intends to vote all of its shares of Common Stock, and all of the shares of Common Stock for which it will receive an irrevocable proxy in connection with the purchase of shares from DBTCA, for HET's and HOC's two nominees to the Board of Directors of the Issuer.
Page 4 of 5 Pages
Item 5. Interest in Securities of the Issuer.
Item 5(a) of the Schedule 13D is hereby amended and supplemented to add the following:
Item 5(b) of the Schedule 13D is hereby amended and supplemented to add the following:
Page 5 of 5 Pages
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct.
Date: June 7, 2002 | HARRAH'S ENTERTAINMENT, INC. | ||
/s/ STEPHEN H. BRAMMELL |
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By: | Stephen H. Brammell | ||
Its: | Senior Vice President and General Counsel | ||
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct.
Date: June 7, 2002 | HARRAH'S OPERATING COMPANY, INC. | ||
/s/ STEPHEN H. BRAMMELL |
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By: | Stephen H. Brammell | ||
Its: | Senior Vice President and General Counsel | ||
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