| Ticker: TRES | 200 East Broward Boulevard | |
| Exchange: NASDAQ-National Market | Fort Lauderdale, Florida 33301 | |
| Industry: Service | (954) 763-4000 |
| Type of Shares: | Common Shares | Filing Date: | 11/22/95 | |
| U.S. Shares: | 4,545,455 | Offer Date: | 2/7/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,545,455 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $50,000,005 | Selling: | $0.50 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,490,272 | |||
| Spin out parent firm: | Warburg, Pincus Investors, L.P. | |||
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $50.29 | $75.05 | $31.33 | Assets: | $72,474.00 |
| Net Income: | -$14.61 | -$10.61 | -$2.88 | Liabilities: | $52,390.00 |
| EPS: | -$1.89 | Equity: | $20,084.00 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a facilities based long distance telecommunications carrier focused on international long distance traffic originating in the United States. The company offers a broad array of competitively priced services, including long distance, calling cards, prepaid debit cards, international toll-free calling and bilingual operator services. The company provides long distance service to over 230 countries and territories through an international network consisting of 1) owned facilities; concentrated in a Caribbean hub linking the U.S., the Caribbean and South and Central America 2) direct operating and transit agreements with various post, telegraph and telephone organizations and 3) capacity leased from other carriers as well as agreements for resale of other carriers' capacity. The company markets its services on a wholesale basis to other telecommunications carriers and resellers on a retail basis to residential and commercial customers, ranging from small businesses to Fortune 500 companies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for debt repayment and general corporate purposes including working capital and capital expenditures. |
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