| Falconite, Inc. | |||
| Proposed Ticker: | FCNT | 2525 Wayne Sullivan Drive | |
| Exchange: | NASDAQ-National Market | Paducah, KY 42002 | |
| Industry: | Service (SIC Code 7353) | (502) 442-4754 | |
| Type of Shares: | Common Shares | Filing Date: | 1/21/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $98,164,000 | |
| Primary Shares: | 0 | Expenses: | $950,000 | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| Issuer's Law Firm: | Thompson Coburn |
| Bank's Law Firm: | Skadden, Arps, Slate, Meagher & Flom |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $35.66 | $35.01 | $25.27 | Assets: | $82.67 |
| Net Income: | $3.77 | $3.85 | $2.74 | Curr Assets: | |
| EPS: | Liabilities: | $68.59 | |||
| Prior EPS: | $9.93 | $6.87 | Curr Liabilities: | ||
| Cash Flow/Oper: | $9.29 | Equity: | $14.08 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading rental equipment company serving a diverse range of more than 5,000 active commercial customers from locations in nine southern and midwestern states. The company's rental fleet includes over 3,000 units and consists primarily of large equipment, such as aerial work platforms, cranes and forklifts, as well as other industrial and construction equipment. The company rents equipment on a daily, weekly and monthly basis and, occasionally, for periods of up to one year. The company also is a distributor of new equipment for several leading manufacturers and sells used equipment from its rental fleet, in addition to complementary parts, supplies and accessories. The company's customers operate in a wide range of industries, including commercial construction, chemical, petrochemical, pulp and paper, automotive and utilities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay substantially all outstanding indebtedness of the company. Remaining proceeds, together with future borrowings, will be used for rental equipment purchases, start-up location costs and possible future acquisitions. |