This Amendment No. 1 (Amendment No. 1) to Schedule 13D relates to
the common stock, $0.001 par value (the Common Stock) of Array Technologies, Inc., a Delaware corporation (the Issuer), and amends and supplements the initial statement on Schedule 13D filed with the Securities
and Exchange Commission on August 20, 2021 (the Original Schedule 13D, and as amended, the Schedule 13D). Capitalized terms used but not defined in this Amendment No. 1 shall have the same meanings
ascribed to them in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Original Schedule 13D.
Item 3.
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Source and Amount of Funds or Other Consideration
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Item 3 of the Original Schedule 13D is hereby amended and supplemented by adding the following:
As previously disclosed in the Original Schedule 13D, the Issuer sold to the Purchaser an additional 776,235 shares of Common Stock for an aggregate purchase
price of $776, which purchase closed on September 27, 2021.
Pursuant to the Delayed Draw Commitment contained in the Securities Purchase Agreement,
on January 7, 2022, Purchaser purchased an additional 50,000 shares of Series A Perpetual Preferred Stock and an additional 1,125,000 shares of Common Stock for an aggregate purchase price of $49,376,125, with BCP Helios Aggregator L.P.
acquiring 49,852 shares of Series A Perpetual Preferred Stock and 1,121,677 shares of Common Stock and BEFIP III ESC Helios Holdco L.P. acquiring 148 shares of Series A Perpetual Preferred Stock and 3,323 shares of Common Stock (the
January 2022 Additional Closing).
The payment of the aggregate purchase price by the Purchaser described above was funded by capital
contributions by the Purchasers partners.
Item 5.
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Interest in Securities of the Issuer
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Item 5(a)-(c) of the Original Schedule 13D is hereby amended and restated as follows:
The information set forth or incorporated in Items 3 and 6 of the Schedule 13D is hereby incorporated by reference in its entirety into this Item 5.
(a) and (b) Calculations of the percentage of the shares of Common Stock beneficially owned assumes that there were 135,026,940 shares of Common Stock
outstanding as of November 5, 2021, based on information set forth in the Issuers quarterly report on Form 10-Q filed with the SEC on November 12, 2021, plus the additional 1,125,000 shares of
Common Stock issued on January 7, 2022 in connection with the January 2022 Additional Closing.
The aggregate number and percentage of the Common
Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the
disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of the Schedule 13D and are incorporated herein by reference.
As of the date hereof, (x) BCP Helios Aggregator L.P. directly holds 8,973,414 shares of Common Stock, and (y) BEFIP III ESC Helios Holdco
L.P. directly holds 26,586 shares of Common Stock. The beneficial ownership reported herein does not include any additional shares which may be acquired in the future by the Reporting Persons pursuant to the Securities Purchase Agreement.
BCP 8/BEP 3 Holdings Manager L.L.C. is the general partner of BCP Helios Aggregator L.P. Energy Management Associates III L.P. and Blackstone Management
Associates VIII L.P. are the managing members of BCP 8/BEP 3 Holdings Manager L.L.C. Blackstone EMA III L.L.C. is the general partner of Blackstone Energy Management Associates III L.P. BMA VIII L.L.C. is the general partner of Blackstone Management
Associates VIII L.P. Blackstone Energy Family Investment Partnership III - ESC L.P. is the general partner of BEFIP III ESC Helios Holdco L.P. BEP
III Side-by-Side GP L.L.C. is the general partner of Blackstone Energy Family Investment Partnership III - ESC L.P. Blackstone Holdings II L.P. is the managing
member of Blackstone EMA III L.L.C. and BMA VIII L.L.C. and the sole member of BEP III Side-by-Side GP L.L.C. Blackstone Holdings I/II GP L.L.C. is the general
partner of Blackstone Holdings II L.P.
Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. The sole holder of the Series II
preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstones senior managing directors and controlled by its founder, Stephen A. Schwarzman.
Neither the filing of the Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of
the Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares of Common
Stock.
(c) Except as set forth in Item 3 of this Amendment No. 1, none of the Reporting Persons has effected any transaction in Common Stock in the
past 60 days.
Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Item 6 of the Original Schedule 13D is hereby amended and supplemented by incorporating herein by reference the information set
forth or incorporated in Item 3 herein.