| OCI Holdings Corp. | |||
| Proposed Ticker: | OCIC | 512 Taylor Street | |
| Exchange: | NASDAQ-National Market | Corinth, MS 38834 | |
| Industry: | Service (SIC Code 7312) | (601) 286-3334 | |
| Type of Shares: | Common Shares | Filing Date: | 6/4/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $57,500,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Issuer's Law Firm: | Goodwin Procter & Hoar |
| Bank's Law Firm: | Cahill Gordon & Reindel |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/97 | 3/31/97 | ||||
| Revenue: | $56.12 | Assets: | $140.18 | ||
| Net Income: | -$1.68 | Curr Assets: | |||
| EPS: | Liabilities: | $145.49 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | -$5.31 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of outdoor advertising services, operating approximately 15,000 advertising displays in 13 Midwestern and southeastern states. The company focuses on small- to medium-sized markets with populations ranging from 15,000 to 150,000, and it�s the largest outdoor advertising company in most of the markets in which it operates. Management believes that operating in small- to medium-sized markets provides certain advantages over operating in large markets, including lower and more stable lease costs, greater new build opportunities and more attractive acquisition opportunities. For the twelve months ended March 31, 1997, on a pro forma basis, the company had net revenues and EBITDA of $56.1 million and $22.5 million, respectively, excluding the results of certain individually insignificant operations prior to their acquisition by the company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of all amounts outstanding under the existing credit facility, redemption of the Series A and Series B Notes and for working capital and general corporate purposes. |