| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Creditrust Corporation |
| 7000 Security Boulevard, Baltimore, MD 21244 * (410) 594-7000 |
| The company is in the business of acquiring, managing and collecting accounts of delinquent consumer debt. The company believes that it acquires, manages and liquidates receivables more efficiently than its competitors and others. |
| Manager | Tier | Phone |
| Ferris, Baker, Watts Inc. | Lead Manager | (202) 429-3608 |
| Boenning & Scattergood, Inc. | Co-manager |
| NASNTL: | CRDT | Service: | SIC 7389 | |
| Type of Shares: | Common Shares | Filing Date: | 4/15/98 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 7/28/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $15.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.09 | |
| Offering Amount: | $35,000,000 | Selling: | $0.65 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 8,000,000 | |||
| Employees: | 245 |
| Issuer's Law Firm: | Piper & Marbury |
| Bank's Law Firm: | Venable, Baetjer and Howard, LLP |
| Auditor: | Grant Thornton |
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: | $9.83 | Assets: | $8.20 | ||
| Net Income: | $0.46 | Curr Assets: | |||
| EPS: | $0.08 | Liabilities: | $6.14 | ||
| Prior EPS: | $0.08 | Curr Liab: | |||
| Cash Flow/Oper: | $1.24 | Equity: | $2.06 | ||
| Cash Flow/Fin: | -$2.37 | Cash: | $0.77 | ||
| Cash Flow/Inv: | $1.43 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness under the company's bank credit facility and Senior Subordinated Notes, Series 1998 and for working capital and for general corporate purposes. |