| Proposed Ticker: - | 1500 S 1000 W | |
| Exchange: New York Stock Exchange | Logan, Utah 84321 | |
| Industry: Manufacturing | (801) 750-5000 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 5/22/96 | |
| U.S. Shares Filed: | 9,600,000 | Filing Range: | $15.00 - $17.00 | |
| Non-U.S. Shares Filed: | 2,900,000 | Offering Amount: | $200,000,000 | |
| Primary Shares: | 12,500,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 5/31/95 | 3/2/96 | 3/4/95 | 3/2/96 | ||
| Revenue: | $530.80 | $594.20 | $416.40 | Assets: | $390.90 |
| Net Income: | -$12.90 | $7.90 | -$10.10 | Liabilities: | $446.10 |
| EPS: | Equity: | -$55.20 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is one of the largest manufacturers and marketers of fitness equipment in the United States. The Company's focus is to address consumers' interest in a healthy, active lifestyle with a broad range of high quality products at a variety of price/value points specifically targeted to meet different consumers' health and fitness needs. The Company's line of home fitness aerobic products includes upright rowers, treadmills, exercise bikes, stair steppers and cross country skiers, and its line of anaerobic fitness products includes home gyms and weight benches. The Company also offers trampolines, recreational sports products, sports medicine products and fitness accessories. The Company currently markets the majority of its products under the brand names ProForm, Image, Weslo, Weider, WeiderCare, Legend, JumpKing, and Lifestyler (a private label brand manufactured for Sears). |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the redemption of certain indebtedness of the Company, to retire preferred stock of IHF Holdings ("IHF Holdings Preferred Stock") and options to purchase IHF Holdings Preferred Stock and to purchase certain Common Stock and warrants to purchase Common Stock held by the former principal owners of the Company and certain other stockholders. |
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