| Ticker: AFCI | 1445 McDowell Boulevard North | |
| Exchange: NASDAQ-National Market | Petaluma, California 94954 | |
| Industry: Manufacturing | (707) 794-7700 |
| Type of Shares: | Common Shares | Filing Date: | 7/26/96 | |
| U.S. Shares: | 3,800,000 | Offer Date: | 9/30/96 | |
| Non-U.S. Shares: | 700,000 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 4,500,000 | Offer Price: | $25.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.75 | |
| Offering Amount: | $72,000,000 | Selling: | $0.10 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $54.29 | $53.77 | $19.25 | Assets: | $67.30 |
| Net Income: | $2.34 | -$1.54 | -$0.16 | Liabilities: | $75.54 |
| EPS: | $0.09 | -$0.06 | -$0.01 | Equity: | -$8.24 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Advanced Fibre Communications Inc. designs, develops, manufactures, markets and supports Universal Modular Carrier 1000-TM-, a cost effective, multi feature digital loop carrier system developed to serve small line-size markets. The company's UMC system is designed to enable telephone companies, cable companies and other service providers to connect subscribers to the central office switch for voice and data communications over copper wire, fiber optic cable, coaxial cable and analog radio networks. The company believes that the UMC system is the only digital loop carrier that can operate simultaneously over a variety of transmission media. The UMC system meets the service needs of subscribers, including analog voice communications, universal voice grade service and high speed digital data service. ISDN capability is currently in beta testing and the company believes the UMC system will be capable of providing asynchronous and synchronous data channel service in the near future. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness and for general corporate purposes, including working capital. |
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