| Ticker: UOUT | 321 North Clark Street | |
| Exchange: NASDAQ-National Market | Chicago, Illinois 60610 | |
| Industry: Service | (312) 644-8673 |
| Type of Shares: | Common Shares | Filing Date: | 6/6/96 | |
| U.S. Shares: | 6,200,000 | Offer Date: | 7/23/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.50 - $14.50 | |
| Primary Shares: | 3,700,000 | Offer Price: | $14.50 | |
| Secondary Shares: | 2,500,000 | Gross Spread: | $1.01 | |
| Offering Amount: | $83,700,000 | Selling: | $0.58 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 16,700,000 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-2000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $38.10 | $9.33 | $8.03 | Assets: | $84.75 |
| Net Income: | -$3.70 | -$2.01 | -$1.78 | Liabilities: | $125.28 |
| EPS: | -$0.48 | -$0.26 | -$0.23 | Equity: | -$40.53 |
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 outdoor advertising company operating approximately 12,700 advertising display faces in eight markets. This includes Chicago, Minneapolis/St. Paul, Indianapolis, Jacksonville (Florida), Milwaukee, Des Moines, Evansville (Indiana) and Dallas. The company believes that it owns and operates the largest number of outdoor advertising display faces in the Chicago, markets. The company increased its annual net revenues from $18.8 million in fiscal 1991 to $34.1 million in fiscal 1995, or $62.4 million on a pro forma basis after giving effect to acquisitions by the company in the first half of 1996. During the same period, the company increased its annual Operating Cash Flow from $7.7 million to $16.6 million or $30.0 million on a pro forma basis. Since beginning operations with a single outdoor advertising structure in Chicago in 1973, the company has achieved its leading position in the outdoor advertising industry through its aggressive acquisition and development efforts. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire a portion of senior debt. |
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