| Ticker: TNFI | 2013 Farallon Drive | |
| Exchange: NASDAQ-National Market | San Leandro, California 94577 | |
| Industry: Wholesale | (510) 618-3500 |
| Type of Shares: | Common Shares | Filing Date: | 5/20/96 | |
| U.S. Shares: | 2,600,000 | Offer Date: | 7/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,600,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $33,800,000 | Selling: | $0.57 | |
| Expenses: | $1,300,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,581,666 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $121.53 | $31.02 | $23.50 | Assets: | $90.48 |
| Net Income: | -$5.53 | -$1.45 | -$1.33 | Liabilities: | $70.61 |
| EPS: | $0.47 | -$0.08 | Equity: | $19.87 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company believes that The North Face-Registered Trademark- is the world's premier brand of high-performance outdoor apparel and equipment. The Company designs and distributes technically sophisticated outerwear, skiwear, functional sportswear, tents, sleeping bags and backpacks, all under The North Face-Registered Trademark- name. The North Face has developed a superior reputation for quality, performance and authenticity by providing technically advanced products capable of withstanding the most extreme conditions. For nearly 30 years, the Company's outdoor apparel and equipment have been the brand of choice for numerous high altitude and polar expeditions. These products are used extensively by world-class climbers, explorers and extreme skiers, whose lives depend on the performance of their apparel and equipment. To maintain and further enhance this unique legacy, the Company continuously develops and introduces innovative products that are functional, technically superior and designed to set the industry standard in each product category. The Company cultivates its extreme image through its targeted marketing efforts and its teams of world-class climbers, explorers and skiers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of debt. |
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