| Trailer Bridge, Inc. | |||
| Ticker: | TRBR | 9550 Regency Square Boulevard, Suite 500 | |
| Exchange: | NASDAQ-National Market | Jacksonville, FL 32225 | |
| Industry: | Transportation (SIC Code 4213) | (904) 724-4400 | |
| Type of Shares: | Common Shares | Filing Date: | 5/30/97 | |
| U.S. Shares: | 2,700,000 | Offer Date: | 7/23/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,700,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $32,400,000 | Selling: | $0.40 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 895-2700 |
| Issuer's Law Firm: | Foley & Lardner |
| Bank's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $63.15 | $16.45 | $14.57 | Assets: | $26.44 |
| Net Income: | $2.07 | $0.91 | $0.44 | Curr Assets: | |
| EPS: | $0.24 | $0.11 | $0.05 | Liabilities: | $20.13 |
| Prior EPS: | $0.51 | $2.86 | $2.31 | Curr Liabilities: | |
| Cash Flow/Oper: | $7.25 | Equity: | $6.31 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company, headquartered in Jacksonville, Florida, is an integrated trucking and marine freight carrier that currently provides truckload freight transportation primarily between the continental U.S. and Puerto Rico. Founded in 1991 by transportation pioneer Malcom P. McLean, the company combines an efficient and dedicated motor carrier with a low cost barge and tug marine transportation system. The company is the only company to operate marine vessels fully configured to carry 48' and 53' long, 102" wide, "high-cube" trailers. This configuration enables the company to achieve equipment utilization rates and other operating efficiencies not readily available to traditional ocean carriers that primarily use smaller capacity equipment, such as 40' containers. The company believes that as a result of these and other efficiencies, its total unit costs per mile are the lowest of any carrier operating between the U.S. and Puerto Rico. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase revenue equipment, fund a dividend to existing stockholders, reduce indebtedness and increase working capital. |