| IPO Company Profile | |||
| Hines Horticulture, Inc. | |||
| Proposed Ticker: | HORT | 12621 Jeffrey Road | |
| Exchange: | NASDAQ-National Market | Irvine, CA 92620 | |
| Industry: | Financial (SIC Code 6719) | (949) 559-4444 | |
| # of Employees: | 3755 | ||
| Filing Information | |||||
| Shares Offered: | Common Shares | Filing Date: | 5/6/98 | |
| U.S. Shares Filed: | 5,423,718 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | - | Offering Amount: | $81,355,770 | |
| Primary Shares: | 5,000,000 | Expenses: | - | |
| Secondary Shares: | 423,718 | Shares Out After: |
| Primary Underwriting Group | ||
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| BancAmerica Robertson Stephens | Co-manager | (415) 989-8500 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Legal Counsel, Auditor and Registrar | ||
| Issuer's Law Firm: | Kirkland & Ellis | |
| Bank's Law Firm: | Latham & Watkins | |
| Auditor: | Arthur Andersen | |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co | |
| Selected Financial Data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $201.26 | $48.17 | $47.77 | Assets: | $309.21 |
| Net Income: | $5.78 | -$0.22 | $0.28 | Curr Assets: | $170.74 |
| EPS: | -$0.09 | -$0.29 | -$0.13 | Liabilities: | $304.25 |
| Prior EPS: | -$0.35 | -$27.14 | -$24.95 | Curr Liab: | $137.71 |
| Cash Flow/Oper: | $2.19 | $29.34 | $26.68 | Equity: | $4.96 |
| Cash Flow/Fin: | $29.46 | -$2.54 | -$2.35 | Cash: | $2.19 |
| Cash Flow/Inv: | -$29.74 | -$2.54 | Working Cap: | $33.03 | |
| (Dollar amounts in U.S. millions except for per share data) | |||||
| Business Description |
| The company is one of the largest commercial nursery operations in North America, producing one of the broadest assortments of container-grown plants in the industry. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to prepay a portion of Hines Nurseries' 11.75% Senior Subordinated Notes due 2005, Series B, to prepay indebtedness of Hines Nurseries under certain notes payable and to fund a portion of the company's 1998 expansion plans. |
Jackson Heights, NY 11372 212-332-0071[email protected]
[email protected] [email protected]© 1998 IPO Data Systems, Inc. - All rights reserved.