| Racing Champions Corporation | |||
| Ticker: | RACN | 800 Roosevelt Road, Building C, Suite 320 | |
| Exchange: | NASDAQ-National Market | Glen Ellyn, IL 60137 | |
| Industry: | Wholesale (SIC Code 5092) | (630) 790-3507 | |
| Type of Shares: | Common Shares | Filing Date: | 2/27/97 | |
| U.S. Shares: | 5,000,000 | Offer Date: | 6/11/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 5,000,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $65,000,000 | Selling: | $0.57 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,885,240 |
| Manager | Tier | Phone |
| Robert W. Baird & Company | Lead Manager | (414) 765-3632 |
| J.C. Bradford & Co. | Co-manager | (615) 748-9347 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| Issuer's Law Firm: | Reinhart, Boerner, Van Deuren, Norris & Rieselbach |
| Bank's Law Firm: | McDermott, Will & Emery |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | First National Bank of Boston |
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: | $66.00 | Assets: | $109.08 | ||
| Net Income: | $4.74 | Curr Assets: | |||
| EPS: | $0.36 | Liabilities: | $97.67 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $10.23 | Equity: | $11.41 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading producer and marketing of collectible scaled die cast vehicle replicas. The company is best known for its extensive line of officially licensed, high quality collectible replicas of actual race cars and related vehicles from the five most popular U.S. professional racing series, including NASCAR. Since its inception in 1989, the company has capitalized on the growing popularity of motor sports by offering an expanding line of high quality, affordable racing replicas targeted toward racing fans and adult collectors. The company believes that it has the largest domestic market share in the die cast racing replica category. Beginning in 1996, the company successfully expanded into non-racing collectibles by introducing the Racing Champions Mint(TM) line of high quality die cast replicas of classic and late-model vehicles. The company is continuing this expansion in 1997 by introducing an additional line of non-racing vehicle replicas and two new lines of collectible pewter figures. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem all of the company's outstanding Series A and Series B preferred stock to repay subordinated indebtedness to the company's current stockholders. |