| Kaynar Technologies, Inc. | |||
| Ticker: | KTIC | 800 S. State College Boulevard | |
| Exchange: | NASDAQ-National Market | Fullerton, CA 92831 | |
| Industry: | Manufacturing (SIC Code 3452) | (714) 871-1550 | |
| Type of Shares: | Common Shares | Filing Date: | 2/25/97 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 5/6/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $14.50 | |
| Secondary Shares: | 200,000 | Gross Spread: | $1.01 | |
| Offering Amount: | $30,000,000 | Selling: | $0.57 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 8,600,000 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Issuer's Law Firm: | O'Melveny & Meyers |
| Bank's Law Firm: | Latham & Watkins |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $99.02 | Assets: | $73.69 | ||
| Net Income: | $5.29 | Curr Assets: | |||
| EPS: | $0.78 | Liabilities: | $63.06 | ||
| Prior EPS: | $0.34 | Curr Liabilities: | |||
| Cash Flow/Oper: | $4.32 | Equity: | $10.63 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading manufacturer of specialty fasteners, fastening systems and related components primarily used by original equipment manufacturers and their subcontractors in the production of commercial aircraft and defense products. In addition, the company also manufactures other specialty fasteners and related products for sale in the automotive, electronic and other industrial markets, and their associated after-markets. The company designs and manufactures a substantial majority of its fasteners to its customers' specifications and in a wide range of specialty metals, alloys and composites. The company supplies products to virtually all major airframe and aircraft engine OEMs, including Boeing Co., General Electric Company, the Pratt & Whitney Aircraft business of United Technologies Corporation, Airbus Industries, Lockheed Martin Corporation, McDonnell Douglas Corporation and Rolls Royce PLC, as well as to a global network distributors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness and for working capital and for general corporate purposes. |