| Pierce Leahy Corp. | |||
| Ticker: | PLH | 631 Park Avenue | |
| Exchange: | New York Stock Exchange | King of Prussia, PA 19406 | |
| Industry: | Service (SIC Code 4226) | (610) 992-8200 | |
| Type of Shares: | Common Shares | Filing Date: | 3/11/97 | |
| U.S. Shares: | 4,250,091 | Offer Date: | 6/30/97 | |
| Non-U.S. Shares: | 1,062,523 | Filing Range: | $15.00 - $18.00 | |
| Primary Shares: | 5,100,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 212,614 | Gross Spread: | $1.26 | |
| Offering Amount: | $87,658,131 | Selling: | $0.76 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (212) 723-7300 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Issuer's Law Firm: | Cozen and O'Connor |
| Bank's Law Firm: | Skadden, Arps, Slate, Meagher & Flom |
| Auditor: | Arthur Andersen |
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: | $129.75 | Assets: | $234.82 | ||
| Net Income: | -$1.05 | Curr Assets: | |||
| EPS: | Liabilities: | $260.26 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $26.44 | Equity: | -$25.44 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the largest archive records management company in North America, as measured by its 47.5 million cubic feet of records currently under management. The company operates a total of 152 records management facilities of which 139 are in the United States, serving 58 markets, including the 16 largest U.S. markets. In addition, the company operates 13 records management facilities in five of Canada's six largest markets. The company is a full-service provider of records management and related services, enabling customers to outsource their data and records management functions. The company offers storage for all major media, including paper, computer tapes, optical discs, microfilm, video tapes and x-rays. In addition, the company provides next day or same day records management programs, imaging services and records management consulting services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem a portion of the company's 11.125% Senior Subordinated Notes due 2006, to repay outstanding borrowings under the company's credit facility, for general corporate purposes, including possible acquisitions. |