| Ticker: | ATAC | 33309 First Way South, Suite A-206 | |
| Exchange: | NASDAQ-National Market | Federal Way, Washington 98003 | |
| Industry: | Manufacturing | (206) 838-0346 |
| Type of Shares: | Common Shares | Filing Date: | 6/24/96 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 12/16/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.50 - $14.50 | |
| Primary Shares: | 3,500,000 | Offer Price: | $13.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.94 | |
| Offering Amount: | $47,250,000 | Selling: | $0.57 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| William Blair & Company | Co-manager | (312) 236-1600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $217.49 | $66.19 | $52.77 | Assets: | $254.33 |
| Net Income: | $12.97 | $3.93 | $1.99 | Liabilities: | $200.29 |
| EPS: | Equity: | $54.04 | |||
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 remanufacturer and distributor of drive train products used in the aftermarket repair of passenger cars and light trucks. The company's principal products include remanufactured transmissions, torque converters and engines, as well as remanufactured and new parts for the repair of automotive drive train and engine assemblies. The company's principal customers include: (i) independent transmission rebuilders, general repair shops and distributors, (ii) original equipment manufacturers, principally Chrysler, for use as replacement parts by their dealers and (iii) retail automotive parts stores. The company believes it is uniquely positioned within the highly fragmented aftermarket for drive train products as a result of its extensive product line, diverse customer base and broad geographic presence, with 43 distribution centers throughout the United States and Canada. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem $30 million in aggregate principal of its 12% Series B Senior Subordinated Notes due 2004, $10 million in aggregate principal of its 12% Series D Senior Subordinated Notes due 2004, and the outstnading preferred stock of Aftermarket Technology Holdings Corporation. |
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