| Ticker: CAPF | 1799 W Oakland Park Boulevard | |
| Exchange: NASDAQ-National Market | Fort Lauderdale, Florida 33311 | |
| Industry: Financial | (305) 730-2900 |
| Type of Shares: | Common Shares | Filing Date: | 5/10/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 7/10/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $14.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $28,000,000 | Selling: | $0.30 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,000,000 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7402 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $35.26 | Assets: | $399.47 | ||
| Net Income: | $8.69 | Liabilities: | $366.13 | ||
| EPS: | $0.87 | Equity: | $33.34 | ||
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 specialized financial services company principally engaged in providing receivables-based commercial financing and related fee-based credit, collection and management information services. The Company's clients are primarily small to medium size companies in various industries, including textile and apparel and furniture manufacturing and, recently, entities involved in the healthcare industry. The Company operates through four offices located in New York City, Los Angeles, Charlotte and its headquarters in South Florida. In late 1994, the Company began to expand its asset-based lending business. The Company generally provides financing to its clients through the purchase of accounts receivable owed to the Company's clients by the clients' customers, usually on a non-recourse basis, as well as by guaranteeing amounts due under letters of credit issued to the Company's clients which are collateralized by such accounts receivable and other assets. The purchase of accounts receivable is known as "factoring" and results in the payment by the client of a factoring fee, generally equal to 0.5% to 2% of the factored sales volume. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce indebtedness. |
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