| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Headlands Mortgage Company |
| 1100 Larkspur Landing Circle, Suite 101, Larkspur, CA 94939 * (415) 461-6790 |
| The company is a specialty mortgage banking company in the business of originating, selling, securitizing and servicing mortgage loans secured by one-to-four family residences. |
| Manager | Tier | Phone |
| Nationsbanc Montgomery Securities, Inc. | Lead Manager | (415) 627-2100 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| UBS Securities Inc. | Co-manager | (212) 821-4510 |
| NASNTL: | HDLD | Financial: | SIC 6162 | |
| Type of Shares: | Common Shares | Filing Date: | 10/20/97 | |
| U.S. Shares: | 8,000,000 | Offer Date: | 2/4/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 4,500,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 3,500,000 | Gross Spread: | $0.84 | |
| Offering Amount: | $120,000,000 | Selling: | $0.48 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 18,500,000 | |||
| Employees: | 558 |
| Issuer's Law Firm: | Tobin & Tobin |
| Bank's Law Firm: | O'Melveny & Meyers |
| Registrar/Transfer Agent: | Bank of New York |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $59.26 | $31.41 | $29.20 | Assets: | $436.42 |
| Net Income: | $10.61 | $10.45 | $6.51 | Curr Assets: | |
| EPS: | $0.74 | $0.73 | Liabilities: | $389.93 | |
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | -$147.04 | -$122.31 | -$37.26 | Equity: | $46.49 |
| Cash Flow/Fin: | $120.39 | $125.71 | $8.75 | Cash: | $1.32 |
| Cash Flow/Inv: | $0.46 | -$4.78 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay a shareholder's distribution, to pay the full amount due to stockholders to a Note, to support increased mortgage loan origination capacity, to support securitizations and for general corporate purposes. |