SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)1
VALOR COMMUNICATIONS GROUP, INC.
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001 par value
-------------------------------------------------------------------------------
(Title of Class of Securities)
9020255 10 6
-------------------------------------------------------------------------------
(CUSIP Number)
Welsh, Carson, Anderson & Stowe IX, L.P. Ropes & Gray LLP
320 Park Avenue, Suite 2500 45 Rockefeller Plaza
New York, NY 10022 New York, NY 10111
Attn: Jonathan M. Rather Attn: William H. Hewitt, Esq.
Tel: (212) 893-9500 Tel: (212) 841-5700
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 16, 2005
-------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ]
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.
--------
1 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).
CUSIP No. 9020255 10 6 Page 2 of 8
-------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS Welsh, Carson, Anderson &
S.S. OR I.R.S. IDENTIFICATION Stowe IX, L.P.
NO. OF ABOVE PERSONS
EIN No.:
-------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX (a)|X|
IF A MEMBER OF A GROUP* (b)|_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------------------------------------------------------------------------
7) SOLE VOTING
NUMBER OF POWER 9,201,511 shares
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
---------------------------------------------------
8) SHARED VOTING
POWER -0-
---------------------------------------------------
9) SOLE DISPOSITIVE
POWER 9,201,511 shares
---------------------------------------------------
10) SHARED DISPOSITIVE
POWER -0-
---------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED 9,201,511 shares
BY EACH REPORTING PERSON
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 13.0%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON PN
-------------------------------------------------------------------------------
CUSIP No. 9020255 10 6 Page 3 of 8
-------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS Welsh, Carson, Anderson &
S.S. OR I.R.S. IDENTIFICATION Stowe VIII, L.P.
NO. OF ABOVE PERSONS
EIN No.:
-------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX (a)|X|
IF A MEMBER OF A GROUP* (b)|_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------------------------------------------------------------------------
7) SOLE VOTING
NUMBER OF POWER 9,153,796 shares
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
---------------------------------------------------
8) SHARED VOTING
POWER -0-
---------------------------------------------------
9) SOLE DISPOSITIVE
POWER 9,153,796 shares
---------------------------------------------------
10) SHARED DISPOSITIVE
POWER -0-
---------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED 9,153,796 shares
BY EACH REPORTING PERSON
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 12.9%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON PN
-------------------------------------------------------------------------------
CUSIP No. 9020255 10 6 Page 4 of 8
-------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS WCAS Capital Partners,
S.S. OR I.R.S. IDENTIFICATION III, L.P.
NO. OF ABOVE PERSONS
EIN No.:
-------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX (a)|X|
IF A MEMBER OF A GROUP* (b)|_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------------------------------------------------------------------------
7) SOLE VOTING
NUMBER OF POWER 1,219,114 shares
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
---------------------------------------------------
8) SHARED VOTING
POWER -0-
---------------------------------------------------
9) SOLE DISPOSITIVE
POWER 1,219,114 shares
---------------------------------------------------
10) SHARED DISPOSITIVE
POWER -0-
---------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED 1,219,114 shares
BY EACH REPORTING PERSON
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 1.7%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON PN
-------------------------------------------------------------------------------
CUSIP No. 9020255 10 6 Page 5 of 8
-------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS WCAS Management Corporation
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
EIN No.:
-------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX (a)|X|
IF A MEMBER OF A GROUP* (b)|_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS 00
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-------------------------------------------------------------------------------
7) SOLE VOTING
NUMBER OF POWER 745 shares
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
---------------------------------------------------
8) SHARED VOTING
POWER -0-
---------------------------------------------------
9) SOLE DISPOSITIVE
POWER 745 shares
---------------------------------------------------
10) SHARED DISPOSITIVE
POWER -0-
---------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED 745 shares
BY EACH REPORTING PERSON
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) Less than 0.1%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON CO
-------------------------------------------------------------------------------
CUSIP No. 9020255 10 6 Page 6 of 8
AMENDMENT NO. 1 TO SCHEDULE 13D
Reference is hereby made to the statement on Schedule 13D filed with
the Securities and Exchange Commission on February 24, 2005 (the "Schedule
13D"). Terms defined in the Schedule 13D are used herein as so defined.
The Schedule 13D is hereby amended as follows:
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated to read in its entirety as
follows:
The information below is based on a total of 70,833,333 shares of
Common Stock outstanding as set forth in the prospectus dated February 8, 2005
filed by Valor pursuant to Rule 424(b)(4).
(a)
WCAS IX and IX Associates
-------------------------
WCAS IX directly beneficially owns 9,201,511 shares of Common Stock, or
approximately 13.0% of the Common Stock outstanding. IX Associates, as the
general partner of WCAS IX, may be deemed to indirectly beneficially own the
securities owned by WCAS IX.
WCAS VIII and VIII Associates
-----------------------------
WCAS VIII directly beneficially owns 9,153,796 shares of Common Stock,
or approximately 12.9% of the Common Stock outstanding. VIII Associates, as the
general partner of WCAS VIII, may be deemed to indirectly beneficially own the
securities owned by WCAS VIII.
CP III and CP III Associates
----------------------------
CP III directly beneficially owns 1,219,114 shares of Common Stock, or
approximately 1.7% of the Common Stock outstanding. CP III Associates, as the
general partner of CP III, may be deemed to indirectly beneficially own the
securities owned by CP III.
WCAS
----
WCAS directly beneficially owns 745 shares of Common Stock, or less
than 0.1% of the Common Stock outstanding.
Managing Members of IX Associates, VIII Associates, CP III Associates
and Controlling Stockholders of WCAS
----
(i) Patrick J. Welsh directly beneficially owns 113,543 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(ii) Russell L. Carson directly beneficially owns 113,543 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(iii) Bruce K. Anderson directly beneficially owns 113,543 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(iv) Thomas E. McInerney directly beneficially owns 113,543 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
CUSIP No. 9020255 10 6 Page 7 of 8
(v) Robert A. Minicucci directly beneficially owns 56,561 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(vi) Anthony J. deNicola directly beneficially owns 32,874 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(vii) Paul B. Queally directly beneficially owns 24,059 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(viii) Jonathan M. Rather directly beneficially owns 1,865 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(ix) D. Scott Mackesy directly beneficially owns 820 shares of Common
Stock, or less than 0.1% of the Common Stock outstanding.
(x) Sanjay Swani directly beneficially owns 1,866 shares of Common
Stock, or less than 0.1% of the Common Stock outstanding.
(xi) John D. Clark directly beneficially owns 671 shares of Common
Stock, or less than 0.1% of the Common Stock outstanding.
(xii) James R. Matthews does not directly beneficially own any shares
of Common Stock.
(xiii) Sean M. Traynor directly beneficially owns 1,119 shares of
Common Stock, or less than 0.1% of the Common Stock outstanding.
(xiv) John Almeida, Jr. directly beneficially owns 783 shares of Common
Stock, or less than 0.1% of the Common Stock outstanding.
(b) The managing members of IX Associates, VIII Associates and CP III Associates
and the controlling stockholders of WCAS may be deemed to share the power to
vote or direct the voting of and to dispose or direct the disposition of the
securities of the Issuer owned by WCAS IX, WCAS VIII, CP III and WCAS,
respectively. Each of the managing members of IX Associates, VIII Associates and
CP III Associates and the controlling stockholders of WCAS disclaims beneficial
ownership of all securities other than those he owns directly, if any, or by
virtue of his indirect pro rata interest, as a managing member of IX Associates,
VIII Associates and/or CP III Associates, and/or as a controlling stockholder of
WCAS, as the case may be, in the securities owned by WCAS IX, WCAS VIII, CP III
and/or WCAS.
(c) On March 16, 2005, the underwriters of the Issuer's initial public offering
exercised their over-allotment option with respect to the Common Stock, and in
connection therewith the Reporting Persons sold an aggregate 2,597,727 shares of
Common Stock to the underwriters at $15.00 per share. The managing members of IX
Associates, VIII Associates and CP III Associates and the controlling
stockholders of WCAS also sold Common Stock in the same transaction.
(d) Except as described in this statement, no person has the power to direct the
receipt of dividends on or the proceeds of sales of, the shares of Common Stock
owned by the Reporting Persons.
(e) Not applicable.
CUSIP No. 9020255 10 6 Page 8 of 8
SIGNATURES
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: March 24, 2005
WELSH, CARSON, ANDERSON & STOWE IX, L.P.
By: WCAS IX Associates, L.L.C., General Partner
By:/s/Jonathan M. Rather
---------------------
Managing Member
WELSH, CARSON, ANDERSON & STOWE VIII, L.P.
By: WCAS VIII Associates, LLC, General Partner
By:/s/Jonathan M. RatheR
---------------------
Managing Member
WCAS CAPITAL PARTNERS III, L.P.
By: WCAS CP III Associates, LLC, General Partner
By: /s/Jonathan M. Rather
----------------------
Managing Member
WCAS MANAGEMENT CORPORATION
By: /s/Jonathan M. Rather
----------------------
Vice President, Secretary and Treasurer