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Section 1: SC 13D/A (SC 13D/A)

SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO §240.13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO §240.13d-2(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

 

 

CenturyLink, Inc.

(Name of Issuer)

Common Stock, $1.00 par value

(Title of Class of Securities)

156700106

(CUSIP Number)

Andrew Ang Lye Whatt

Director, Legal & Regulatory

Temasek International Pte. Ltd.

60B Orchard Road

#06-18 Tower 2

The Atrium@Orchard

Singapore 238891

Copy to

Michael W. Sturrock, Esq.

Latham & Watkins LLP

9 Raffles Place #42-02

Singapore 048619

Telephone: (65) 6536 1161

Facsimile: (65) 6536 1171

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

January 16, 2019

(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 the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-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).

 

 

 


CUSIP No. 156700106   Page 2 of 6

 

  1   

Names of Reporting Persons

 

Temasek Holdings (Private) Limited

  2  

Check the Appropriate Box if a Member of a Group

 

(a)  ☐        (b)  ☐

  3  

SEC Use Only

 

  4  

Source Of Funds

 

AF

  5  

Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

 

  6  

Citizenship Or Place Of Organization

 

Singapore

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

Sole Voting Power

 

0

     8   

Shared Voting Power

 

107,201,207

     9   

Sole Dispositive Power

 

0

   10   

Shared Dispositive Power

 

107,201,207

11  

Aggregate Amount Beneficially Owned By Each Reporting Person

 

107,201,207

12  

Check if the Aggregate Amount In Row (11) Excludes Certain Shares

 

13  

Percent Of Class Represented By Amount In Row (11)

 

9.9%(1)

14  

Type of Reporting Person

 

HC

 

(1)

Percentage calculation based on 1,080,659,270 shares of Common Stock outstanding as of November 2, 2018, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 9, 2018.


CUSIP No. 156700106   Page 3 of 6

 

  1   

Names of Reporting Persons

 

Tembusu Capital Pte. Ltd.

  2  

Check the Appropriate Box if a Member of a Group

 

(a)  ☐        (b)  ☐

  3  

SEC Use Only

 

  4  

Source Of Funds

 

WC

  5  

Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

 

  6  

Citizenship Or Place Of Organization

 

Singapore

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

Sole Voting Power

 

0

     8   

Shared Voting Power

 

76,749,088

     9   

Sole Dispositive Power

 

0

   10   

Shared Dispositive Power

 

76,749,088

11  

Aggregate Amount Beneficially Owned By Each Reporting Person

 

76,749,088

12  

Check if the Aggregate Amount In Row (11) Excludes Certain Shares

 

13  

Percent Of Class Represented By Amount In Row (11)

 

7.1%(1)

14  

Type of Reporting Person

 

HC

 

(1)

Percentage calculation based on 1,080,659,270 shares of Common Stock outstanding as of November 2, 2018, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2018.


CUSIP No. 156700106   Page 4 of 6

 

  1   

Names of Reporting Persons

 

Bartley Investments Pte. Ltd.

  2  

Check the Appropriate Box if a Member of a Group

 

(a)  ☐        (b)  ☐

  3  

SEC Use Only

 

  4  

Source Of Funds

 

AF

  5  

Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

 

  6  

Citizenship Or Place Of Organization

 

Singapore

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

Sole Voting Power

 

0

     8   

Shared Voting Power

 

76,749,088

     9   

Sole Dispositive Power

 

0

   10   

Shared Dispositive Power

 

76,749,088

11  

Aggregate Amount Beneficially Owned By Each Reporting Person

 

76,749,088

12  

Check if the Aggregate Amount In Row (11) Excludes Certain Shares

 

13  

Percent Of Class Represented By Amount In Row (11)

 

7.1%(1)

14  

Type of Reporting Person

 

HC

 

(1)

Percentage calculation based on 1,080,659,270 shares of Common Stock outstanding as of November 2, 2018, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2018.


  Page 5 of 6

Explanatory Note

This Amendment No. 4 to Schedule 13D amends and supplements the Schedule 13D originally filed with the SEC on November 8, 2017, as amended and supplemented by Amendment No. 1 thereto filed on February 7, 2018, Amendment No. 2 thereto filed on March 29, 2018 and Amendment No. 3 thereto filed on April 5, 2018 (together, the “Statement”) relating to the common stock, par value $1.00 per share (the “Common Stock”), of CenturyLink, Inc., a Louisiana corporation (the “Issuer”). The address of the Issuer’s principal executive offices is 100 CenturyLink Drive, Monroe, Louisiana 71203.

Capitalized terms used but not defined herein have the meanings given to them in the Statement.

Item 2. Identity and Background

Schedule A referred to in Item 2 of the Statement is hereby amended and restated in its entirety by Schedule A hereto.

Item 4. Purpose of the Transaction

Item 4 of the Statement is hereby amended and supplemented by adding the following:

As part of the Reporting Persons’ process of reviewing their investment in the Issuer, the Reporting Persons have authorized senior officers to evaluate whether the partial divestment of their interest in the Issuer should take place and if so, the terms and conditions of any such divestment. As part of this evaluation, the authorized senior officers decided to sell the shares of Common Stock described in Item 5(c) below.

Item 5. Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended and restated in its entirety as follows:

(a)-(b) As of January 17, 2019, 30,296,968 shares of the Common Stock, or approximately 2.8% of the outstanding Common Stock, were owned by Ellington Investments Pte. Ltd. (“Ellington”), and 46,452,120 shares of the Common Stock, or approximately 4.3% of the outstanding Common Stock, were owned by Everitt Investments Pte. Ltd. (“Everitt”). Ellington and Everitt are each wholly owned by Bartley Investments Pte. Ltd. (“Bartley”), which in turn is wholly owned by Tembusu Capital Pte. Ltd. (“Tembusu Capital”). Therefore, as of January 17, 2019, each of Bartley and Tembusu Capital may be deemed to beneficially own the 76,749,088 shares of Common Stock, or approximately 7.1% of the outstanding Common Stock, owned in the aggregate by Everitt and Ellington.

As of January 17, 2019 and taking into account the transaction described in Item 5(c) below, 30,452,119 shares of the Common Stock, or approximately 2.8% of the outstanding Common Stock, were owned by Aranda Investments Pte. Ltd. (“Aranda”). Aranda is wholly owned by Seletar Investments Pte Ltd (“Seletar”), which in turn is wholly owned by Temasek Capital (Private) Limited (“Temasek Capital”). Therefore, as of January 17, 2019, each of Seletar and Temasek Capital may be deemed to beneficially own the 30,452,119 shares of Common Stock owned by Aranda.


  Page 6 of 6

Tembusu Capital and Temasek Capital are each wholly owned by Temasek Holdings (Private) Limited (“Temasek Holdings”). Therefore, as of January 17, 2019, Temasek Holdings may be deemed to beneficially own the 107,201,207 shares of Common Stock beneficially owned in aggregate by Tembusu Capital and Temasek Capital.

To the knowledge of the Reporting Persons, the directors and executive officers of the Reporting Persons listed in Schedule A hereto beneficially own in the aggregate less than 1% of the Issuer’s outstanding shares of Common Stock.

The percentages of beneficial ownership of the Reporting Persons and their directors and executive officers listed in Schedule A hereto were calculated based on 1,080,659,270 shares of Common Stock outstanding as of November 2, 2018, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2018.

(c) On January 16, 2019, Aranda sold 16,000,000 shares of Common Stock to Morgan Stanley & Co. LLC at a price of $15.90 per share for a total consideration of $254,400,000. The settlement date of the sale is expected to be January 18, 2019.

In the last sixty days, Temasek Holdings, through its ownership of Temasek Capital (which wholly owns Seletar, which in turn wholly owns Aranda), has disposed of beneficial ownership of an aggregate of 16,000,000 shares of Common Stock through the sale of shares by Aranda described above.

To the knowledge of the Reporting Persons, there have been no transactions by any director or executive officer of any of the Reporting Persons in securities of the Issuer during the last sixty days.

 

(d)

Not applicable.

 

(e)

Not applicable.

Item 7. Material to be Filed as Exhibits

 

Exhibit

  

Description

99.1    Joint Filing Agreement, dated March 29, 2018, among Temasek Holdings, Tembusu Capital and Bartley (Incorporated by reference to Exhibit 99.1 to Amendment No. 2 to the Schedule 13D filed by the Reporting Persons on March 29, 2018).


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: January 18, 2019

 

TEMASEK HOLDINGS (PRIVATE) LIMITED
By:  

/s/ Andrew Ang Lye Whatt

  Name: Andrew Ang Lye Whatt
  Title: Authorised Signatory
TEMBUSU CAPITAL PTE. LTD.
By:  

/s/ Cheong Kok Tim

  Name: Cheong Kok Tim
  Title: Director
BARTLEY INVESTMENTS PTE. LTD.
By:  

/s/ Poy Weng Chuen

  Name: Poy Weng Chuen
  Title: Director


SCHEDULE A

The name, present principal occupation and business address of each director and executive officer of the Reporting Persons is set forth below.

The following is a list of the directors and executive officers of Temasek Holdings (Private) Limited:

 

Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Lim Boon Heng

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Chairman and Director,

Temasek Holdings (Private) Limited)

  

Chairman,

Temasek Holdings (Private) Limited

   Singaporean

Cheng Wai Keung

3 Killiney Road

#10-01 Winsland House 1

Singapore 239519

 

(Deputy Chairman and Director,

Temasek Holdings (Private) Limited)

  

Chairman and Managing Director,

Wing Tai Holdings Limited

   Singaporean

Goh Yew Lin

50 Raffles Place

#33-00 Singapore Land Tower

Singapore 048623

 

(Director, Temasek Holdings (Private) Limited)

  

Managing Director,

G.K. Goh Holdings Limited

   Singaporean

Teo Ming Kian

250 North Bridge Road

#05-01 Raffles City Tower

Singapore 179101

 

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

Vertex Venture Holdings Ltd.

   Singaporean

Marcus Wallenberg

SE-106 40

Stockholm, Sweden

 

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

Skandinaviska Enskilda Banken,

Saab AB and FAM AB

   Swedish


Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Robert Bruce Zoellick

c/o 1101 Pennsylvania Ave NW

3rd Floor

Washington, DC 20004

United States of America

 

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

AllianceBernstein

   American

Chin Yoke Choong Bobby

c/o 1 Joo Koon Circle

#13-01 FairPrice Hub

Singapore 629117

 

(Director, Temasek Holdings (Private) Limited)

  

Deputy Chairman,

NTUC Enterprise Cooperative Limited

   Singaporean

Ng Chee Siong Robert

11th - 12th Floors

Tsim Sha Tsui Centre

Salisbury Road

Tsim Sha Tsui, Kowloon, Hong Kong

 

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

Sino Land Company Ltd.

  

Singaporean /

Hong Kong Permanent Resident

Peter Robert Voser

Affolternstrasse 44

8050 Zurich

Switzerland

 

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

ABB Ltd

   Swiss

Lee Ching Yen Stephen

No.160 Robinson Road

#13-06 SBF Center Singapore 068914

 

(Director, Temasek Holdings (Private) Limited)

  

Managing Director

Great Malaysia Textile Investments Pte Ltd

   Singaporean

Lee Theng Kiat

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Director, Temasek Holdings (Private) Limited)

  

Deputy Chairman & CEO,

Temasek International Pte. Ltd.

   Singaporean


Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Ho Ching

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Executive Director & CEO,

Temasek Holdings (Private) Limited)

  

Executive Director & CEO,

Temasek Holdings (Private) Limited

   Singaporean

Dilhan Pillay Sandrasegara

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Deputy CEO,

Temasek International Pte. Ltd.)

  

Deputy CEO,

Temasek International Pte. Ltd.

   Singaporean

Chia Song Hwee

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(President & Chief Operating Officer,

Temasek International Pte. Ltd.)

  

President & Chief Operating Officer,

Temasek International Pte. Ltd.

   Singaporean

Jonathon Revill Christopher Allaway

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Chief Technology Officer,

Temasek International Pte. Ltd.)

  

Chief Technology Officer,

Temasek International Pte. Ltd

   Australian

Syed Fidah Bin Ismail Alsagoff

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Enterprise Development Group,

Head, Life Sciences,

Temasek International Pte. Ltd.)

  

Joint Head, Enterprise Development Group

Head, Life Sciences,

Temasek International Pte. Ltd.

   Singaporean


Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Michael John Buchanan

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Portfolio Strategy & Risk Group,

Head, Strategy,

Head, Australia & New Zealand,

Temasek International Pte. Ltd.)

  

Joint Head, Portfolio Strategy & Risk Group,

Head, Strategy,

Head, Australia & New Zealand,

Temasek International Pte. Ltd.

   Australian

Chan Wai Ching

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Head, Organisation & People,

Temasek International Pte. Ltd.)

  

Head, Organisation & People,

Temasek International Pte. Ltd.

   Singaporean

Gregory Lynn Curl

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(President, Temasek International Pte. Ltd.)

  

President,

Temasek International Pte. Ltd.

   American

Luigi Feola

23 King Street

London SW1Y6QY

United Kingdom

 

(Senior Managing Director, Europe, Middle East & Africa,

Joint Head, Consumer,

Temasek International (Europe) Limited)

  

Senior Managing Director, Europe, Middle East & Africa,

Joint Head, Consumer,

Temasek International (Europe) Limited

   Italian

Nagi Adel Hamiyeh

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Investment Group,

Joint Head, Consumer,

Temasek International Pte. Ltd.)

  

Joint Head, Investment Group,

Joint Head, Consumer,

Temasek International Pte. Ltd.

   Singaporean


Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Hu Yee Cheng Robin

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Head, Sustainability & Stewardship Group,

Temasek International Pte. Ltd.)

  

Head, Sustainability & Stewardship Group,

Temasek International Pte. Ltd.

   Singaporean

Uwe Krueger

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Portfolio Management Group,

Head, Industrials, Business Services, Energy & Resources,

Temasek International Pte. Ltd.)

  

Joint Head, Portfolio Management Group,

Head, Industrials, Business Services, Energy & Resources,

Temasek International Pte. Ltd.

   German

Ravi Lambah

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Head, Telecom, Media & Technology,

Head, India,

Temasek International Pte. Ltd.)

  

Head, Telecom, Media & Technology,

Head, India,

Temasek International Pte. Ltd.

   Maltese

Leong Wai Leng

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Chief Financial Officer,

Temasek Holdings (Private) Limited)

  

Chief Financial Officer,

Temasek Holdings (Private) Limited

   Singaporean

John William Marren

101 California St., Suite 3700

San Francisco, CA 94111

United States of America

 

(Senior Managing Director, North America,

Temasek International (USA) LLC)

  

Senior Managing Director, North America,

Temasek International (USA) LLC

   American


Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Pek Siok Lan

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(General Counsel,

Temasek International Pte. Ltd.)

  

General Counsel,

Temasek International Pte. Ltd.

   Singaporean

Png Chin Yee

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Senior Managing Director, Portfolio Strategy & Risk Group,

Head, Financial Services,

Temasek International Pte. Ltd.)

  

Senior Managing Director, Portfolio Strategy & Risk Group,

Head, Financial Services,

Temasek International Pte. Ltd.

   Singaporean

Rohit Sipahimalani

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Investment Group,

Joint Head, Portfolio Strategy & Risk Group,

Temasek International Pte. Ltd.)

  

Joint Head, Investment Group,

Joint Head, Portfolio Strategy & Risk Group,

Temasek International Pte. Ltd.

   Singaporean

Tan Chong Lee

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(President,

Head, Europe, Middle East & Africa,

Head, South East Asia,

Temasek International Pte. Ltd.)

  

President,

Head, Europe, Middle East & Africa,

Head, South East Asia,

Temasek International Pte. Ltd.

   Singaporean

Teo Juet Sim Juliet

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Portfolio Management Group,

Head, Transportation & Logistics,

Temasek International Pte. Ltd.)

  

Joint Head, Portfolio Management Group,

Head, Transportation & Logistics,

Temasek International Pte. Ltd.

   Singaporean


Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Alan Raymond Thompson

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Senior Managing Director, Enterprise Development Group,

Joint Head, Private Equity Fund Investments,

Temasek International Pte. Ltd.)

  

Senior Managing Director, Enterprise Development Group,

Joint Head, Private Equity Fund Investments,

Temasek International Pte. Ltd.

   Singaporean

Benoit Louis Marie Francois Valentin

23 King Street

London SW1Y 6QY

United Kingdom

 

(Joint Head, Private Equity Fund Investments,

Senior Managing Director, Middle East & Africa,

Temasek International (Europe) Limited)

  

Joint Head, Private Equity Fund Investments,

Senior Managing Director, Middle East & Africa,

Temasek International (Europe) Limited

   French

John Joseph Vaske

375 Park Avenue, 14th Floor

New York, New York 10152

United States of America

 

(Head, Americas,

Head, Agribusiness,

Temasek International (USA) LLC)

  

Head, Americas,

Head, Agribusiness,

Temasek International (USA) LLC

   American

Wu Yibing

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Joint Head, Enterprise Development Group,

Head, China,

Temasek International Pte. Ltd.)

  

Joint Head, Enterprise Development Group,

Head, China,

Temasek International Pte. Ltd.

   American


The following is a list of the directors and executive officers of Tembusu Capital Pte. Ltd.:

 

Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Cheong Kok Tim

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Deputy General Counsel, Legal & Regulatory,

Managing Director, Enterprise Development Group,

Temasek International Pte. Ltd.)

  

Deputy General Counsel, Legal & Regulatory,

Managing Director, Enterprise Development Group,

Temasek International Pte. Ltd.

   Singaporean

Goh Bee Kheng

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Managing Director, Finance,

Temasek International Pte. Ltd.)

  

Managing Director, Finance,

Temasek International Pte. Ltd.

   Singaporean

The following is a list of the directors and executive officers of Bartley Investments Pte. Ltd.:

 

Name, Business Address and Position

  

Present Principal Occupation

  

Citizenship

Poy Weng Chuen

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Director, Finance,

Temasek International Pte. Ltd.)

  

Director, Finance,

Temasek International Pte. Ltd.

   Singaporean

Lee Ooi Keong

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

 

(Director, Risk Management,

Temasek International Pte. Ltd.)

  

Director, Risk Management,

Temasek International Pte. Ltd.

   Singaporean


EXHIBIT INDEX

 

Exhibit

  

Description

99.1    Joint Filing Agreement, dated March 29, 2018, among Temasek Holdings, Tembusu Capital and Bartley (Incorporated by reference to Exhibit 99.1 to Amendment No. 2 to the Schedule 13D filed by the Reporting Persons on March 29, 2018).
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