| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Heller Financial, Inc. |
| 500 West Monroe Street, Chicago, IL 60661 * (312) 441-7000 |
| The company is a leading diversified commercial services company which provides a broad array of financial products and services to mid-sized and small businesses in the United States and selected international markets. |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| NYSE: | HF | Financial: | SIC 6159 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 2/26/98 | |
| U.S. Shares: | 38,500,000 | Offer Date: | 4/30/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $23.00 - $25.00 | |
| Primary Shares: | 38,500,000 | Offer Price: | $27.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $924,000,000 | Selling: | $0.00 | |
| Expenses: | $0 | Reallowance: | $0.00 | |
| Post-IPO Shares: | - | |||
| Spin out parent firm: | Fuji Bank | |||
| Employees: | 2344 | |||
| Issuer's Law Firm: | Katten Muchin & Zavis |
| Bank's Law Firm: | Sullivan & Cromwell |
| Registrar/Transfer Agent: | Bank of New York |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $754.00 | Assets: | $12,861.00 | ||
| Net Income: | $158.00 | Curr Assets: | |||
| EPS: | Liabilities: | $11,183.00 | |||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | $406.00 | Equity: | $1,678.00 | ||
| Cash Flow/Fin: | $2,025.00 | Cash: | $821.00 | ||
| Cash Flow/Inv: | -$1,906.00 | ||||
| Competition |
| The Company competes primarily on the basis of pricing, terms, structure and service in many of its markets. Competitors of the Company seek to compete aggressively on the basis of these factors and the Company may lose market share to the extent it is unwilling to match its competitors' pricing, terms and structure in order to maintain its spreads or to maintain its credit discipline. To the extent that the Company matches competitors' pricing, terms or structure, it may experience decreased spreads and/or increased risk of credit losses. Many of the Company's competitors are large companies that have substantial capital, technological and marketing resources, and some of these competitors are larger than the Company and may have access to capital at a lower cost than the Company. Further, the size and access to capital of certain of the Company's competitors are being enhanced by the recent surge in consolidation activity in the commercial and investment banking industries. Also, the Company's competitors include businesses that are not affiliated with bank holding companies and therefore are not subject to the same extensive federal regulations that govern bank holding companies. As a result, such non-banking competitors may engage in certain activities which currently are prohibited to the Company. |
| Business Plan |
| The Company is dedicated to delivering consistent growth in earnings and assets, while maintaining the strong credit quality of its asset portfolio. Over the past five years, the Company has achieved growth in earnings and assets through its strong client orientation, productive origination network, disciplined adherence to prudent credit principles and its long-standing established positions in many of its target markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness. |