SCHEDULE 13D
CUSIP No: 22282E102
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Page 2 of 6 Pages
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1
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NAMES OF REPORTING PERSONS
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SZ INVESTMENTS, L.L.C.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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0.0%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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SCHEDULE 13D
CUSIP No: 22282E102
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Page 3 of 6 Pages
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1
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NAMES OF REPORTING PERSONS
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EGI-FUND (05-07) INVESTORS, L.L.C.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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0.0%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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SCHEDULE 13D
CUSIP No: 22282E102
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Page 4 of 6 Pages
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1
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NAMES OF REPORTING PERSONS
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CHAI TRUST COMPANY, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Illinois
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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0.0%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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SCHEDULE 13D
CUSIP No: 22282E102
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Page 5 of 6 Pages
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Item 1.
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Security and Issuer
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Item 1 of the Schedule 13D is hereby amended and supplemented as follows:
This Amendment No. 16 amends and supplements the information set forth in the Schedule 13D filed by the Reporting Persons on August 20, 1999, as amended most recently by Amendment No. 15 filed by
the Reporting Persons on July 16, 2021 (collectively, the “Schedule 13D”), relating to the common stock, par value $0.10 per share (“Common Stock”), of Covanta Holding Corporation, a Delaware corporation (the “Issuer”). The Issuer’s principal
executive office is located at 445 South Street, Morristown, New Jersey 07960. All capitalized terms not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is amended and supplemented by the
information contained herein, and only those items amended are reported herein.
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Item 4.
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Purpose of Transaction
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Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
On November 30, 2021, pursuant to the Agreement and Plan of Merger (“Merger Agreement”) between the Issuer and Covert Intermediate, Inc. (“Parent”), an affiliate of EQT Infrastructure, dated July 14, 2021, the merger
of a subsidiary of Parent with and into the Issuer (the “Merger”) closed and each share of the Common Stock outstanding at the time was cancelled and converted into the right to receive $20.25 per share in cash, without interest and subject to any
required tax withholding.
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Item 5.
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Interest in Securities of the Issuer
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Item 5 of the Schedule 13D is hereby amended and supplemented as follows:
(a, b) As of November 30, 2021, each of the Reporting Persons may be deemed to beneficially own, and to share voting and dispositive power over, 0 shares of Common Stock, representing 0.0% of the shares of outstanding
Common Stock.
(c) On November 30, 2021, each of the (a) 7,734,804 shares of Common Stock held directly by SZI, (b) 2,027,500 shares of Common Stock held directly by Fund 05-07, (c) 1,487,209 shares of Common Stock held directly by
certain charitable foundations established by Samuel Zell and members of his family (the “Zell Family Foundations”), and (d) 1,699,669 shares of Common Stock held directly by certain trusts established for the benefit of Samuel Zell and members of
his family (the “Zell Family Trusts”), were cancelled and converted into the right to receive $20.25 per share in cash, without interest and subject to any required tax withholding, upon closing of the Merger. Chai Trust is the managing member of
SZI and Fund 05-07, the investment manager of each of the Zell Family Foundations and the trustee of each of the Zell Family Trusts and, in such capacity, may have been deemed to beneficially own the shares of Common Stock held directly by SZI,
Fund 05-07, each of the Zell Family Foundations and each of the Zell Family Trusts.
(d) Not applicable.
(e) As of November 30, 2021, each of the Reporting Persons ceased to be the beneficial owner of more than 5% of the Common Stock.
SCHEDULE 13D
CUSIP No: 22282E102
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Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
DATED: December 1, 2021
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SZ INVESTMENTS, L.L.C.
EGI-FUND (05-07) INVESTORS, L.L.C.
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Each By:
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/s/ Joseph Miron
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Name:
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Joseph Miron
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Title:
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Vice President
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CHAI TRUST COMPANY, LLC
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By:
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/s/ Joseph Miron
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Name:
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Joseph Miron
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Title:
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Chief Legal Officer
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