| Silverleaf Resorts, Inc. | |||
| Ticker: | SVR | 1221 Riverbend Drive, Suite 120 | |
| Exchange: | New York Stock Exchange | Dallas, TX 75247 | |
| Industry: | Financial (SIC Code 6552) | (214) 631-1166 | |
| Type of Shares: | Common Shares | Filing Date: | 3/31/97 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 6/5/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $16.00 | |
| Primary Shares: | 3,500,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $50,750,000 | Selling: | $0.67 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Issuer's Law Firm: | Meadows, Owens, Collier, Reed, Cousins & Blau, LLP |
| Bank's Law Firm: | Latham & Watkins |
| Auditor: | James Smith & Company P.C. |
| 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: | $48.10 | Assets: | $90.85 | ||
| Net Income: | $4.97 | Curr Assets: | |||
| EPS: | Liabilities: | $70.19 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $6.38 | Equity: | $20.66 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading developer, marketer, and operator of timeshare resorts in the economy segment of the timeshare industry. The company currently owns and operates five "home" resorts and two "destination" resorts in Missouri. The Home Resorts are designed to appeal to value conscious vacationers seeking comfortable and affordable accommodations in locations convenient to their residences. The Home Resorts are located proximate to major metropolitan areas, facilitating more frequent "short-stay" getaways, which the company believes is a growing vacation trend. The Destination Resorts, which are located in the popular resort area of Branson, Missouri, offer Silverleaf customers the opportunity to upgrade into a higher quality destination resort area as their lifestyles and travel budgets permit. Both the Home Resorts and the Destination Resorts are in rustic areas and provide a quiet, relaxing vacation environment. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding indebtedness and for working capital and for general corporate purposes. |