| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Citadel Communications Corporation |
| 140 South Ash Avenue, Tempe, AZ 85281 * (602) 731-5222 |
| The company is a radio broadcasting company that focuses on acquiring, developing and operating radio stations in mid-sized markets. Upon completion of the Pending acquisitions, the company will own or operate 68 FM and 31 AM radio stations in 18 markets |
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| NASNTL: | CITC | Service: | SIC 4832 | |
| Type of Shares: | Common Shares | Filing Date: | 4/24/98 | |
| U.S. Shares: | 6,881,000 | Offer Date: | 6/30/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 6,881,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $110,096,000 | Selling: | $0.65 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 2,470,000 | |||
| Employees: | 1560 |
| Issuer's Law Firm: | Eckert Seamans Cherin & Mellott, LLC |
| Bank's Law Firm: | Schulte, Roth & Zabel |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $89.80 | $28.14 | $14.51 | Assets: | $356.39 |
| Net Income: | -$11.92 | -$8.69 | -$2.18 | Curr Assets: | $29.65 |
| EPS: | Liabilities: | $348.92 | |||
| Prior EPS: | Curr Liab: | $10.70 | |||
| Cash Flow/Oper: | $5.02 | -$0.98 | $0.86 | Equity: | $7.47 |
| Cash Flow/Fin: | $212.70 | $16.91 | $13.21 | Cash: | $2.79 |
| Cash Flow/Inv: | -$211.62 | -$20.82 | -$13.61 | Working Cap: | $18.95 |
| Competition |
| The radio broadcasting industry is highly competitive. The success of each of the Company's stations depends largely upon its audience ratings and its share of the overall advertising revenue within its market. The Company's audience ratings and advertising revenue are subject to change, and any adverse change in a particular market affecting advertising expenditures or an adverse change in the relative market positions of the stations located in a particular market could have a material adverse effect on the revenue of the Company's radio stations located in that market. There can be no assurance that any one of the Company's radio stations will be able to maintain or increase its current audience ratings or advertising revenue market share. |
| Business Plan |
| The Company's primary strategy is to secure and maintain a leadership position in the markets it serves and to expand into additional mid-sized markets where it believes a leadership position can be obtained. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding indebtedness under the credit facility. |