| Ticker: TMAR | 610 Palm Avenue | |
| Exchange: NASDAQ-National Market | Houma, Louisiana 70364 | |
| Industry: Transportation | (504) 851-3833 |
| Type of Shares: | Common Shares | Filing Date: | 4/8/94 | |
| U.S. Shares: | 3,900,000 | Offer Date: | 5/16/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $15.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 900,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $58,500,000 | Selling: | $0.67 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,518,939 |
| Manager | Tier | Phone |
| Schroder Wertheim & Company, Incorporated | Lead Manager | (212) 492-6900 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Simmons & Company | Co-manager | (713) 223-7840 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $26.70 | $8.38 | $6.36 | Assets: | $57.55 |
| Net Income: | -$1.30 | $0.36 | -$0.67 | Liabilities: | $51.48 |
| EPS: | -$0.43 | $0.12 | -$0.22 | Equity: | $6.08 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides a broad range of marine support services to companies in the oil and gas industry conducting offshore exploration, production and construction operations. The company is a leading operator of marine support vessels in the U.S. Gulf of Mexico and has as a result of a recently completed acquisition, commenced operations in Brazil. The services provided by the company's diversified fleet include transportation of drilling materials, supplies and crews to offshore facilities and support for the construction, installation, maintenance and removal of those facilities. The company has focused on providing high quality, responsive service while maintaining a low cost structure. In addition, the quality of Trico's fleet and the strength of its experienced management team have allowed the company to develop and maintain long-term customer relationships. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay $21.6 million of indebtedness outstanding under the company's bank credit facility, to acquire four supply boats for $11 million and to repay $6 million of indebtedness outstanding under the subordinated notes. |
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