| @Entertainment, Inc. | |||
| Ticker: | ATEN | One Commercial Plaza | |
| Exchange: | NASDAQ-National Market | Hartford, CT 06013 | |
| Industry: | Service (SIC Code 4841) | (860) 549-1674 | |
| Type of Shares: | Common Shares | Filing Date: | 6/23/97 | |
| U.S. Shares: | 6,175,000 | Offer Date: | 7/30/97 | |
| Non-U.S. Shares: | 3,325,000 | Filing Range: | $18.50 - $22.00 | |
| Primary Shares: | 9,500,000 | Offer Price: | $21.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.43 | |
| Offering Amount: | $192,375,000 | Selling: | $0.86 | |
| 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 |
| Issuer's Law Firm: | Baker & McKenzie |
| Bank's Law Firm: | Shearman & Sterling |
| Auditor: | KPMG Peat Marwick |
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: | $24.92 | $7.51 | $5.62 | Assets: | $212.94 |
| Net Income: | -$5.94 | -$4.55 | -$1.46 | Curr Assets: | |
| EPS: | -$0.33 | -$0.23 | -$0.11 | Liabilities: | $186.44 |
| Prior EPS: | -$0.11 | $2.43 | $2.47 | Curr Liabilities: | |
| Cash Flow/Oper: | $6.11 | Equity: | $26.50 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company operates the largest multichannel pay television business in Poland. Through the company's cable television networks, the most extensive in Poland, the company serves the largest base of subscribers of any cable operator in Poland, totaling approximately 688,000 subscribers at May 31, 1997 (of whom approximately 79% subscribe to the company's package with the largest number of non-premium channels. The company believes that it has established a favorable reputation in the Polish market for providing modern, reliable technology, a broad selection of quality programming and professional customer service. The company intends to expand its distribution capacity in Poland through the expansion of its cable television business and the development of a complementary digital satellite direct-to-home broadcasting service. The company currently creates, produces, develops and acquires programming, including programming for its two proprietary Polish-language channels, for distribution across its cable networks. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase all of the PCI Series A Preferred Stock and Series C Preferred Stock held by certain of the principal stockholders, for the payment of bonuses to certain executives of the company, to finance the commencement and development of its D-DTH business, for general corporate purposes, including without limitation, development of its cable television and programming businesses and future acquisitions. |