| Santa Fe International Corporation | |||
| Ticker: | SDC | Two Lincoln Centre, Suite 110, 5420 LBJ Freeway | |
| Exchange: | New York Stock Exchange | Dallas, TX 75240 | |
| Industry: | Natural Resources (SIC Code 1311) | (972) 701-7300 | |
| Type of Shares: | Ordinary Shares | Filing Date: | 5/14/97 | |
| U.S. Shares: | 28,000,000 | Offer Date: | 6/9/97 | |
| Non-U.S. Shares: | 7,000,000 | Filing Range: | $24.00 - $27.00 | |
| Primary Shares: | 35,000,000 | Offer Price: | $28.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.28 | |
| Offering Amount: | $892,500,000 | Selling: | $0.80 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - | |||
| Spin out parent firm: | Kuwait Petroleum Corporation | |||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 761-5900 |
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 | |||||
| Revenue: | Assets: | ||||
| Net Income: | $62.00 | Curr Assets: | |||
| EPS: | $0.54 | Liabilities: | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an international offshore and land contract oil well drilling company and a wholly owned subsidiary of SFIC Holdings, Inc., which in turn is wholly owned by Kuwait Petroleum Corp., Kuwait's state oil company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay a cash dividend to SFIC Holdings, a unit of Kuwait Petroleum. |