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PrimaCom AG
An der Ochsenwiese 3, Mainz, Germany 55124
Business Description The company was formed by the merger of Suweda Elektronische Medien and Kabelkommunikations AG into KabelMedia Holding AG. The company owns, operates, acquires and contructs cable television networks that primarily serve small and medium-sized communities in Germany.
Offering
Information

Company has
gone public

Trading As  PCAG (NYSE) Industry  Telecommunications (SIC 4841)
Type of Stock Offered  American Depositary Receipts Filing Date  01/29/1999
Domestic Shares Offered  4,681,750 Offer Date  02/19/1999
Foreign Shares Offered  0 Filing Range  $27.08 - $32.72
Company Shares  4,681,750 Offer Price  $16.25
Selling Shrhldrs Shares  0 Gross Spread  $0.975
Gross Proceeds  $76,078,438 Selling  $0.585
Expenses  - - Reallowance  $0.100
Post-IPO Shares  19,728,552 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Morgan Stanley Dean Witter Discover & Co. Lead Manager (212) 761-5900
Dresdner Securities (USA) Inc. Co-manager (212) 429-4534
Lehman Brothers Incorporated Co-manager (212) 526-8100
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 9 Months Ending
Figures in U.S. millions except per share data         12/31/1997   09/30/1998
Revenues   - - - - 94.261 - 80.671
Income from Oper.   - - - - -13.596 - -5.961
Net Income   - - - - -31.401 - -31.103
E.P.S   - - - - -1.980 - -1.970
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     15.58 - 45.29
Cash Flow - Inv.     -21.11 - -30.08
Cash Flow - Fin.     17.08 - -14.65
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 09/30/1998 Financial Ratios
Total Assets    633.97 Current Assets    - Current Ratio    -
Total Liab.    354.97 Current Liab.    - Debt Ratio    55.99%
Total Equity    279.00 Working Cap.    - Debt to Equity Ratio    1.27
Cash    -    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to repurchase all of the firm's outstanding 13.625% senior discount notes due 2006.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Baker & McKenzie
Bank's Law Firm  Davis, Polk & Wardwell
Auditor  Ernst & Young
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Last updated: 09/29/1999 3:52:13 AM
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