| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Medley Credit Acceptance Corp. |
| 10910 N.W. South River Drive, Mian, FL 33178 * (305) 889-1900 |
| The company is a specialty finance company which has been engaged primarily in the financing of dry cleaning equipment to small dry cleaning businesses throughout the eastern United States. |
| Manager | Tier | Phone |
| Non Underwritten Offering | Lead Manager |
| OTC: | MDLY | Financial: | SIC 6153 | |
| Type of Shares: | Common Shares | Filing Date: | 4/10/97 | |
| U.S. Shares: | 1,250,000 | Offer Date: | 1/5/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.50 | |
| Primary Shares: | 1,250,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.55 | |
| Offering Amount: | $6,875,000 | Selling: | $0.00 | |
| Expenses: | $211,875 | Reallowance: | $0.00 | |
| Post-IPO Shares: | - |
| Issuer's Law Firm: | Reid & Priest |
| Bank's Law Firm: | Siegal, Lipman, Dunay & Shepard, LLP |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Daszkal Bolton Manela |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $0.36 | Assets: | $1.79 | ||
| Net Income: | $0.26 | Curr Assets: | |||
| EPS: | $0.15 | Liabilities: | $1.23 | ||
| Prior EPS: | -$0.98 | Curr Liab: | |||
| Cash Flow/Oper: | $20.09 | Equity: | $0.56 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand into the factoring business, to enhance its capital based financing activities, to fund, staff and market its anticipated service-based financing and bridge loan activities and for working capital and for general corporate purposes. |