| Ticker: | BPI | One South Van Ness Avenue | |
| Exchange: | New York Stock Exchange | San Francisco, California 94103 | |
| Industry: | Service | (415) 241-3390 |
| Type of Shares: | Class A Common Shares | Filing Date: | 10/11/96 | |
| U.S. Shares: | 11,200,000 | Offer Date: | 12/18/96 | |
| Non-U.S. Shares: | 2,800,000 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 14,000,000 | Offer Price: | $15.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.88 | |
| Offering Amount: | $210,000,000 | Selling: | $0.53 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - | |||
| Spin out parent firm: | BankAmerica Corporation | |||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $122.00 | $59.70 | $52.10 | Assets: | $130.80 |
| Net Income: | $23.40 | $12.20 | $10.00 | Liabilities: | $19.20 |
| EPS: | Equity: | $111.60 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides and array of payment processing and related information products and services to merchants who accept credit, charge and debit cards as payment for goods and services throughout the United States. According to published industry sources, the company is the fourth largest processor of merchant credit card transactions and the largest processor of debit card transactions in the United STates. The company's products and services include the processing of a wide variety of credit, charge and debit card transactions and the provision to merchants of the other related information, services and product support. The company provides its products and services to a merchant customer base in a wide variety of industries, including general retailers, restaurants and supermarkets. The company's customers are large multi-regional chains, middle market merchants and small merchants that collectively operate from more than 150,000 locations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire short-term debt to an affiliate and for general corporate purposes. |
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