| Ameristeel Corporation | |||
| Proposed Ticker: | AST | 5100 W. Lemon Street | |
| Exchange: | New York Stock Exchange | Tampa, FL 33609 | |
| Industry: | Manufacturing (SIC Code 3312) | (813) 286-8383 | |
| # of Employees: | 1871 | ||
| Type of Shares: | Class A Common Shares | Filing Date: | 10/10/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $97,750,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| Issuer's Law Firm: | Trenam, Kemker, Scharf, Barkin, Frye, O'Neill |
| Bank's Law Firm: | Sullivan & Cromwell |
| Auditor: | Arthur Andersen |
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 | ||
| 3/31/97 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $617.29 | $168.36 | $169.82 | Assets: | $541.89 |
| Net Income: | $8.05 | $8.42 | $1.95 | Curr Assets: | $192.31 |
| EPS: | $0.80 | $0.83 | $0.19 | Liabilities: | $382.72 |
| Prior EPS: | $0.21 | $5.08 | $18.40 | Curr Liabilities: | $77.63 |
| Cash Flow/Oper: | -$0.53 | -$9.42 | Equity: | $159.17 | |
| Cash Flow/Fin: | -$2.89 | -$9.37 | Cash: | $3.31 | |
| Cash Flow/Inv: | -$2.89 | Working Cap: | $114.67 | ||
| Business Description |
| The company operates four non-union minimills located in the southeastern U.S. that produce steel concrete reinforcing bars, light structural shapes such as rounds, squares, flats, angles and channels and to a lesser extent wire rods and billets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay long term debt, to fund working capital and for general corporate purposes. |