Statement of Ownership (sc 13g)
February 12 2021 - 6:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. _)*
Crestwood
Equity Partners LP
(Name of
Issuer)
Preferred Units representing limited partnership
interest
(Title of
Class of Securities)
226344307
(CUSIP Number)
December 31, 2020
(Date of
Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
x Rule
13d-1(b)
o Rule
13d-1(c)
o Rule
13d-1(d)
* 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 the disclosures provided in a prior cover page.
The information required in 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. 226344307
1
|
NAMES
OF REPORTING PERSONS
|
MAGNETAR FINANCIAL LLC
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ¨
|
(b)
¨
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
Delaware
|
|
NUMBER
OF
UNITS
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING POWER 0
|
|
6
|
SHARED
VOTING POWER
|
4,553,641
|
|
|
7
|
SOLE
DISPOSITIVE POWER 0
|
|
|
|
8
|
SHARED
DISPOSITIVE POWER
|
4,553,641
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
4,553,641
|
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS (SEE INSTRUCTIONS)
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
6.39%
|
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
IA,
OO
|
CUSIP No.
226344307
1
|
NAMES
OF REPORTING PERSONS
|
MAGNETAR CAPITAL PARTNERS LP
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ¨
|
(b)
¨
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
Delaware
|
|
NUMBER
OF
UNITS
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING POWER 0
|
|
6
|
SHARED
VOTING POWER
|
4,553,641
|
|
|
7
|
SOLE
DISPOSITIVE POWER 0
|
|
|
|
8
|
SHARED
DISPOSITIVE POWER
|
4,553,641
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
4,553,641
|
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS (SEE INSTRUCTIONS)
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
6.39%
|
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
HC, PN
|
CUSIP No.
226344307
1
|
NAMES
OF REPORTING PERSONS
|
SUPERNOVA MANAGEMENT LLC
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ¨
|
(b)
¨
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
Delaware
|
|
NUMBER
OF
UNITS
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING POWER 0
|
|
6
|
SHARED
VOTING POWER
|
4,553,641
|
|
|
7
|
SOLE
DISPOSITIVE POWER 0
|
|
|
|
8
|
SHARED
DISPOSITIVE POWER
|
4,553,641
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
4,553,641
|
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS (SEE INSTRUCTIONS)
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
6.39%
|
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
HC, OO
|
CUSIP No.
226344307
1
|
NAMES
OF REPORTING PERSONS
|
ALEC N. LITOWITZ
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ¨
|
(b)
¨
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
United States of America
|
|
NUMBER
OF
UNITS
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING POWER 0
|
|
6
|
SHARED
VOTING POWER
|
4,553,641
|
|
|
7
|
SOLE
DISPOSITIVE POWER 0
|
|
|
|
8
|
SHARED
DISPOSITIVE POWER
|
4,553,641
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
4,553,641
|
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS (SEE INSTRUCTIONS)
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
6.39%
|
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
HC, IN
|
SCHEDULE 13G
|
Item 1(a)
|
Name of Issuer.
|
Crestwood Equity Partners LP (the “Issuer”)
|
Item 1(b)
|
Address of Issuer’s Principal Executive Offices.
|
811 Main Street, Suite 3400
Houston, TX 77002
|
Item 2(a)
|
Name of Person Filing.
|
This statement is filed on behalf
of each of the following person (collectively, the “Reporting Persons”):
|
i)
|
Magnetar Financial LLC (“Magnetar Financial”);
|
|
ii)
|
Magnetar Capital Partners LP (Magnetar Capital Partners”);
|
|
iii)
|
Supernova Management LLC (“Supernova Management”); and
|
|
iv)
|
Alec N. Litowitz (“Mr. Litowitz”).
|
This statement relates to the Units (as defined herein) held
for Magnetar Constellation IV LLC (“Constellation Fund”), Magnetar Energy Master Fund LLC (“Energy Master Fund”),
MTP Emerald Fund LLC (“Emerald Fund”), Magnetar Andromeda Select Fund LLC (“Andromeda Select Fund), all Delaware
limited liability companies; Magnetar Structured Credit fund LP (“Structured Credit Fund”) and MTP Energy Fund LP (“MTP
Fund”), both Delaware limited partnerships; collectively (the “Magnetar Funds”). MTP Energy Management LLC (“MTP
Energy”) serves as the investment adviser to the Energy Master Fund, MTP Fund and serves as the Manager to the Emerald Fund,
and as such, MTP Energy exercises voting and investment power of the Units held for the aforementioned funds’ accounts. Magnetar
Financial serves as the investment adviser to the Constellation Fund, Andromeda Select Fund and Structured Credit Fund, and as
such, Magnetar Financial exercises voting and investment power over the Units held for the aforementioned funds’ accounts.
Magnetar Financial is the sole member of MTP Energy and Magnetar Capital Partners serves as the sole member and parent holding
company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova
Management is Mr. Litowitz.
|
Item 2(b)
|
Address of Principal Business Office.
|
The address of the principal business office
of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Litowitz is 1603 Orrington Avenue, 13th
Floor, Evanston, Illinois 60201.
|
Item 2(c)
|
Place of Organization.
|
|
i)
|
Magnetar Financial is a Delaware limited liability company;
|
|
ii)
|
Magnetar Capital Partners is a Delaware limited partnership;
|
|
iii)
|
Supernova Management is a Delaware limited liability company; and
|
|
iv)
|
Mr. Litowitz is a citizen of the United States of America.
|
Item 2(d)
|
Title of Class of Securities.
|
|
Preferred
Units representing limited partnership interests (the “Units”)
|
226344307
(e) x
An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E)
(g) x
A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G)
|
Item 4(a)
|
Amount Beneficially Owned:
|
As of December 31, 2020,
each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Litowitz held 4,553,641 Units. The amount
consists of (A) 1,310,603 Units held for the account of Constellation Fund; (B) 546,699 Units held for the account of Energy Master
Fund; (C) 1,569,708 Units held for the account of Structured Credit Fund; (D) 419,617 Units held for the account of Andromeda
Select Fund; (E) 484,567 Units held for the account of MTP Fund; and (F) 222,447 Units held for the account of Emerald Fund. The
Units held by the Magnetar Funds represent approximately 6.39% of the total number of Units outstanding (calculated pursuant to
Rule 13d-3(d)(1)(i)) of the outstanding Units of the Issuer).
|
Item 4(b)
|
Percent of Class:
|
(i) As of December 31, 2020, each of Reporting
Persons were deemed to be the beneficial owner constituting approximately 6.39% of the total number of Units outstanding (based
upon the information provided by the Issuer in its Form 10-Q filed with the SEC on October 29, 2020, there were approximately 71,257,445
Units outstanding as of September 30, 2020).
Item 4(c)
|
Number of Units of which such person has:
|
Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Litowitz:
|
|
(i)
|
Sole power to vote or to direct the vote:
|
0
|
|
(ii)
|
Shared power to vote or to direct the vote :
|
4,553,641
|
|
(iii)
|
Sole power to dispose or to direct the disposition of:
|
0
|
|
(iv)
|
Shared power to dispose or to direct the disposition of:
|
4,553,641
|
|
Item 5
|
Ownership of Five Percent or Less of a Class.
|
If this statement is being filed to report
the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class
of securities, check the following ¨.
|
Item 6
|
Ownership of More Than Five Percent on Behalf of Another Person.
|
This
Item 6 is not applicable.
|
Item 7
|
Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding
Company.
|
This Item 7 is not applicable.
|
Item 8
|
Identification and Classification of Members of the Group.
|
This Item 8 is not applicable.
|
Item 9
|
Notice of Dissolution of Group.
|
This Item 9 is not applicable.
By signing below the
Reporting Persons certifies that, to the best of their knowledge and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
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.
Date: February 12, 2021
|
magnetar financial llc
|
|
|
|
By: Magnetar Capital Partners LP, its Sole Member
|
|
|
|
By:
|
/s/ Alec N. Litowitz
|
|
Name:Alec N. Litowitz
|
|
Title:Manager of Supernova Management LLC, the General Partner of Magnetar Capital Partners LP
|
Date: February 12, 2021
|
magnetar capital partners LP
|
|
|
|
By: Supernova Management LLC, its General Partner
|
|
|
|
By:
|
/s/ Alec N. Litowitz
|
|
Name:Alec N. Litowitz
|
|
Title:Manager of Supernova Management LLC
|
Date: February 12, 2021
|
supernova management llc
|
|
|
|
By:
|
/s/ Alec N. Litowitz
|
|
Name:Alec N. Litowitz
|
|
Title:Manager
|
|
|
Date: February 12, 2021
|
/s/ Alec N. Litowitz
|
|
Alec N. Litowitz
|
EXHIBIT INDEX
Ex.
|
|
A
|
Joint Filing Agreement
|
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement
on Schedule 13G with respect to the Units of Crestwood Equity Partners LP dated as of December 31, 2020 is, and any amendments
thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant
to and in accordance with the previsions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: February 12, 2021
|
magnetar financial llc
|
|
|
|
By: Magnetar Capital Partners LP, its Sole Member
|
|
|
|
By:
|
/s/ Alec N. Litowitz
|
|
Name:Alec N. Litowitz
|
|
Title:Manager of Supernova Management LLC, the General Partner of Magnetar Capital Partners LP
|
Date: February 12, 2021
|
magnetar capital partners LP
|
|
|
|
By: Supernova Management LLC, its General Partner
|
|
|
|
By:
|
/s/ Alec N. Litowitz
|
|
Name:Alec N. Litowitz
|
|
Title:Manager of Supernova Management LLC
|
Date: February 12, 2021
|
supernova management llc
|
|
|
|
By:
|
/s/ Alec N. Litowitz
|
|
Name:Alec N. Litowitz
|
|
Title:Manager
|
Date: February 12, 2021
|
/s/ Alec N. Litowitz
|
|
Alec N. Litowitz
|
|
|
Crestwood Equity Partners (NYSE:CEQP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Crestwood Equity Partners (NYSE:CEQP)
Historical Stock Chart
From Apr 2023 to Apr 2024