SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
13d-2(a)
Amendment No. 3
Rent-A-Center, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
76009N 10 0
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(CUSIP Number)
John F. Hartigan, Esq.
Morgan, Lewis & Bockius LLP
300 S. Grand Avenue
Los Angeles, CA 90071
(213) 612-2500
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 7, 2002
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(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.
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 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. 76009N 10 0 13D Page 2 of 7
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NAMES OF REPORTING PERSON
1 I.R.S. IDENTIFICATION OF ABOVE PERSON
Apollo Investment Fund IV, L.P.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 9,773,142
SHARES -----------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 8
EACH 411,354
REPORTING -----------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 9
9,773,142
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
411,354
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,184,496 shares of Common Stock
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
29.4%
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TYPE OF REPORTING PERSON (See Instructions)
14
PN
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CUSIP NO. 76009N 10 0 13D Page 3 of 7
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NAMES OF REPORTING PERSON
1 I.R.S. IDENTIFICATION OF ABOVE PERSON
Apollo Overseas Partners IV, L.P.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 524,391
SHARES -----------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 8
EACH 411,354
REPORTING -----------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 9
524,391
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
411,354
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
935,745 shares of Common Stock
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.7%
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TYPE OF REPORTING PERSON
14
PN
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CUSIP NO. 76009N 10 0 13D Page 4 of 7
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NAMES OF REPORTING PERSON
1 I.R.S. IDENTIFICATION OF ABOVE PERSON
Apollo Advisors IV, L.P.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 10,297,533
SHARES -----------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 8
EACH 411,354
REPORTING -----------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 9
10,297,533
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
10
411,354
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,708,887 shares of Common Stock
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
30.5%
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TYPE OF REPORTING PERSON (See Instructions)
14
PN
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This Amendment No. 3 to Schedule 13D supplements and amends the following
items of the Statement on Schedule 13D of Apollo Investment Fund IV, L.P.,
Apollo Overseas Partners IV, L.P. and
Apollo Advisors IV, L.P. (the "Reporting Persons") originally filed on August
17, 1998, Amendment No. 1 filed on August 27, 1998 and Amendment No. 2 filed on
October 8, 2001 with respect to the shares of Common Stock, par value $.01 per
share, of Rent-A-Center, Inc. ("Rent-A-Center" or the "Issuer").
Responses to each item of this Schedule, as applicable, are incorporated by
reference into the response to each other item.
Item 1. Security and Issuer
Item 2. Identity and Background
Item 3. Source and Amount of Funds or Other Consideration
Item 4. Purpose of Transaction
Item 4, to which reference is made regarding a description of the
securities of the Issuer owned by the Reporting Persons, is hereby amended and
supplemented as follows:
The Issuer filed a registration statement on Form S-3 (File No. 333-87752)
with the Securities and Exchange Commission on May 7, 2002 (thereafter amended
on May 9, 2002, as amended, the "Registration Statement"), in connection with
the sale of an aggregate of 3,120,000 shares of Common Stock beneficially owned
by AIFIV, Overseas IV and Bear Stearns (collectively, the "Selling
Stockholders"). The Registration Statement was prepared and filed pursuant to
the exercise of a demand registration right by the Reporting Persons. The
offering of the Common Stock by the Selling Stockholders will be made as
discussed in the Registration Statement.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended by deleting it in its entirety and substituting
the following therefor:
The Reporting Persons beneficially own 287,660 shares of Series A Preferred
Stock. Each share of Series A Preferred Stock is convertible into approximately
35.797 shares of Common Stock for an aggregate of 10,297,533 shares of Common
Stock. Assuming the conversion of all of the shares of Series Preferred Stock as
of the date hereof, the Common Stock beneficially owned by the Reporting Persons
would represent approximately 29.7% of the outstanding Common Stock of the
Issuer. Beneficial ownership of such shares of Series A Preferred Stock was
acquired as described in Item 3 and Item 4.
Pursuant to an agreement entered into among AIFIV, Overseas IV, Bear
Stearns MB 1998-1999 Pre-Fund, LLC, as successor in interest of RC Acquisition
Corp. ("Bear Stearns") and the Issuer, the Reporting Persons may be deemed to
have shared voting and/or dispositive power with respect to an additional 11,491
shares of Series A Preferred Stock, which are convertible into approximately
411,354 shares of Common Stock. The Reporting Persons disclaim any beneficial
ownership except to the extent of their pecuniary interest.
See also the information contained on the cover pages to this Amendment No.
3 to Schedule 13D which is incorporated hereby by reference.
Page 5 of 7
(a) See the information contained on the cover pages to this Amendment
No. 3 to Schedule 13D which is incorporated herein by reference.
(b) There have been no reportable transactions with respect to the
Common Stock of the Issuer within the last 60 days by the Reporting
Persons, except as described in this Amendment No. 3 to Schedule 13D.
(c) Not applicable.
(d) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Item 6 is hereby amended and supplemented as follows:
In connection with the Registration Statement and the offering referenced
therein, the Reporting Persons anticipate that they will enter into customary
and normal agreements with Morgan Stanley & Co. Incorporated, Bear Stearns & Co.
Inc., Lehman Brothers Inc., Sun Trust Capital Markets, Inc. and Wachovia
Securities, Inc. (collectively, the "Underwriters") and the Issuer. On May 7,
2002, the Reporting Persons entered into letter agreements with the
Underwriters. Pursuant to the letter agreements, the Reporting Persons agreed
not to offer, sell or otherwise transfer or dispose of any shares of the
Issuer's Common Stock or Series A Preferred Stock from the date thereof until 90
days after the date of the final prospectus relating to the offering by the
Selling Stockholders, except for the shares of Common Stock to be sold to the
Underwriters in connection with the offering and in other limited circumstances.
The letter agreements will expire on June 30, 2002 if the offering is not
consummated prior to that date.
Item 7. Material to Be Filed as Exhibits
Exhibit 1: Form of letters dated May 7, 2002 issued by Apollo Investment Fund
IV, L.P. and Apollo Overseas Partners IV, L.P., respectively, in
favor of Morgan Stanley & Co. Incorporated, Bear, Stearns & Co.
Incorporated, Lehman Brothers Inc., Sun Trust Capital Market, Inc.
and Wachovia Securities, Inc.
Page 6 of 7
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each of
the undersigned, each of the undersigned certifies that the information set
forth in this statement with respect to such person is true, complete and
correct.
Date: May 13, 2002 APOLLO INVESTMENT FUND IV, L.P.
By: APOLLO ADVISORS IV, L.P.
Its General Partner
By: APOLLO CAPITAL MANAGEMENT IV, INC.
Its General Partner
By: /s/ Michael D. Weiner
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Michael D. Weiner
Vice President
Date: May 13, 2002 APOLLO OVERSEAS PARTNERS IV, L.P.
By: APOLLO ADVISORS IV, L.P.
Its Managing General Partner
By: APOLLO CAPITAL MANAGEMENT IV, INC.
Its General Partner
By: /s/ Michael D. Weiner
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Michael D. Weiner
Vice President
Date: May 13, 2002 APOLLO ADVISORS IV, L.P.
By: APOLLO CAPITAL MANAGEMENT IV, INC.
Its General Partner
By: /s/ Michael D. Weiner
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Michael D. Weiner
Vice President
Page 7 of 7