| Polo Ralph Lauren Corporation | |||
| Ticker: | RL | 650 Madison Avenue | |
| Exchange: | New York Stock Exchange | New York, NY 10022 | |
| Industry: | Manufacturing (SIC Code 2337) | (212) 318-7000 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 4/8/97 | |
| U.S. Shares: | 23,500,000 | Offer Date: | 6/11/97 | |
| Non-U.S. Shares: | 6,000,000 | Filing Range: | $22.00 - $25.00 | |
| Primary Shares: | 17,900,000 | Offer Price: | $26.00 | |
| Secondary Shares: | 11,600,000 | Gross Spread: | $1.43 | |
| Offering Amount: | $693,250,000 | Selling: | $0.85 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 761-5900 |
| Issuer's Law Firm: | Paul, Weiss, Rifkind, Wharton & Garrison |
| Bank's Law Firm: | Fried, Frank, Harris, Shriver & Jacobson |
| Auditor: | Mahoney Cohen Rasba & Pokart, CPA, PC |
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 | ||
| 3/30/96 | 12/28/96 | 12/31/95 | 12/28/96 | ||
| Revenue: | $1,019.87 | $862.51 | $749.76 | Assets: | $544.40 |
| Net Income: | $98.81 | $81.36 | $71.30 | Curr Assets: | |
| EPS: | Liabilities: | $292.31 | |||
| Prior EPS: | $157.58 | $77.38 | Curr Liabilities: | ||
| Cash Flow/Oper: | $91.33 | Equity: | $252.10 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leader in the design, marketing and distribution of premium lifestyle products. For 30 years, the company's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The company's brand names, which include "Polo", "Polo by Ralph Lauren", "Polo Sport", "Ralph Lauren", "RALPH", "Lauren", "Polo Jeans Co." and "Chaps", among others, constitute one of the world's most widely recognized families of consumer brands. Directed by Ralph Lauren, the internationally renowned designer, the company believes it has influenced the manner in which people dress and live in contemporary society, reflecting an American perspective and lifestyle uniquely associated with Polo and Ralph Lauren. The Polo brand was established in 1967 when Mr. Lauren introduced a collection of men's ties. In 1968, Polo was established as an independent menswear company offering a line of premium quality men's clothing and sportswear with a distinctive blend of innovation and tradition. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness and to pay the Dividend and the Reorganization Notes. |