| Ticker: | MNE | 7401 West Mansfield Avenue | |
| Exchange: | New York Stock Exchange | Lakewood, Colorado 80235 | |
| Industry: | Financial | (303) 716-6800 |
| Type of Shares: | Common Shares | Filing Date: | 1/16/96 | |
| U.S. Shares: | 11,571,000 | Offer Date: | 12/11/96 | |
| Non-U.S. Shares: | 2,892,750 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 0 | Offer Price: | $12.00 | |
| Secondary Shares: | 14,463,750 | Gross Spread: | $0.72 | |
| Offering Amount: | $159,101,250 | Selling: | $0.43 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 31,170,000 | |||
| Spin out parent firm: | First Data Corporation | |||
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $137.07 | $35.61 | $32.83 | Assets: | $48.29 |
| Net Income: | $18.29 | $3.36 | $6.93 | Liabilities: | $39.72 |
| EPS: | Equity: | $8.57 | |||
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 leading non-bank provider of consumer money wire transfer services, accounting for approximately 16% of all such transactions worldwide in 1995. The company offers customers the ability to transfer funds quickly, reliability and conveniently through its network of agents, consisting of approximately 17,800 locations in 83 countries worldwide. MoneyGram targets its services to individuals without traditional banking relationships, expatriates who send money to their country of origin, traditional bank customers in need of emergency money transfer services, tourists without local bank accounts and businesses that need rapid and economical money transfer services. The company also provides cash advance and express bill payment services (including revolving credit, time payments and personal loans) through many MoneyGram Agent locations in the United States. The number of MoneyGram Agent locations has grown at a compound annual rate of approximately 11% since 1991, increasing from 11,700 in 1991 to approximately 17,800 as of March 31, 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be distributed to selling shareholders. |
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