| Donlar Corporation | |||
| Proposed Ticker: | DNLR | 6502 South Archer Avenue | |
| Exchange: | NASDAQ-National Market | Bedford Park, IL 60501 | |
| Industry: | Manufacturing (SIC Code 2899) | (708) 563-9200 | |
| # of Employees: | 56 | ||
| Type of Shares: | Common Shares | Filing Date: | 10/10/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $69,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Schroder Wertheim & Company, Incorporated | Co-manager | (212) 492-6900 |
| Issuer's Law Firm: | Holleb & Coff |
| Bank's Law Firm: | Sidley & Austin |
| Registrar/Transfer Agent: | First Chicago Trust Company of NY |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $2.14 | $1.39 | $0.57 | Assets: | $26.95 |
| Net Income: | -$12.84 | -$6.92 | -$4.16 | Curr Assets: | $13.46 |
| EPS: | Liabilities: | $29.81 | |||
| Prior EPS: | -$6.84 | -$3.20 | Curr Liabilities: | $2.13 | |
| Cash Flow/Oper: | -$6.04 | $4.71 | $2.85 | Equity: | -$2.86 |
| Cash Flow/Fin: | $23.73 | $3.53 | $0.61 | Cash: | $7.58 |
| Cash Flow/Inv: | -$15.97 | $3.53 | Working Cap: | $11.33 | |
| Business Description |
| The company is the world leader in the development and marketing of a new family of environmentally friendly and biodegradable specialty polymers, known as thermal polyaspartates. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the cash portion of the 1997 Agreement, to fund the construction of an L-aspartic acid manufacturing facility, for the build-up of the company's sales and distribution network and various working capital purposes. |