| Arm Financial Group, Inc. | |||
| Ticker: | ARM | 515 West Market Street | |
| Exchange: | American Stock Exchange | Louisville, KY 40202 | |
| Industry: | Financial (SIC Code 6311) | (502) 582-7900 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 10/23/96 | |
| U.S. Shares: | 6,400,000 | Offer Date: | 6/18/97 | |
| Non-U.S. Shares: | 1,600,000 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 5,750,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 2,250,000 | Gross Spread: | $1.05 | |
| Offering Amount: | $104,000,000 | Selling: | $0.63 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Dean Witter Reynolds | Co-manager | (212) 392-3223 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Issuer's Law Firm: | Shearman & Sterling |
| Bank's Law Firm: | Lebdeuf, Lamb, Greene & Macrae |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $196.02 | $117.86 | $84.96 | Assets: | $4,234.92 |
| Net Income: | $7.14 | $8.11 | $2.48 | Curr Assets: | |
| EPS: | Liabilities: | $4,089.02 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $145.90 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company specializes in the asset accumulation business, providing retail and institutional customers with products designed to serve the growing retirement and long-term savings markets as well as providing other asset management services. The company's earnings are derived from investment spread and fee income. The company's retail products include a wide variety of fixed and variable annuities and face amount certificates sold primarily through a broad spectrum of distribution channels including financial planners, independent insurance agents, stockbrokers and banks. The company offers asset management services and guaranteed investment contracts to its institutional clients, which include defined benefit pension plans, defined contribution or 401(k) pension plans and insurance companies. The company markets its institutional products and services directly to bank trust departments, plan sponsors, cash management funds, other institutional funds and insurance companies as well as through industry consultants. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to strengthen the company's existing capital base, to repay outstnading indebtedness and for other corporate purposes, which may include additions to working capital and acquisitions. |