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| Wesco International, Inc. |
| Commerce Court, Suite 700 Four Station Square, Pittsburgh, PA 15219 * (412) 454-2200 |
| Business Description | The company is a leading provider of electrical products and other maintenance, repair and operating supplies and related value added services. |
| Offering Information Company has | |||
| Trading As | WCC (NYSE) | Industry | Wholesale (SIC 5063) |
| Type of Stock Offered | Common Shares | Filing Date | 03/04/1999 |
| Domestic Shares Offered | 7,780,000 | Offer Date | 05/11/1999 |
| Foreign Shares Offered | 1,945,000 | Filing Range | $17.00 - $19.00 |
| Company Shares | 9,725,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $175,050,000 | Selling | $0.680 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 46,510,600 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| Robert W. Baird & Company | Co-manager | (414) 765-3632 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||
| Revenues | 1,635.800 | 1,857.000 | 2,274.600 | 2,594.800 | 3,025.400 | - | - |
| Income from Oper. | 21.200 | 55.700 | 68.200 | 80.100 | 56.000 | - | - |
| Net Income | -0.500 | 17.000 | 32.500 | 36.200 | -7.700 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 13.52 | 22.49 | 14.08 | 16.595 | - | ||
| Net Income Growth (%) | - | 91.18 | 11.38 | - | - | ||
| Oper. Profit Margin (%) | 1.30 | 3.00 | 3.00 | 3.09 | 1.85 | - | - |
| Net Profit Margin (%) | - | 0.92 | 1.43 | 1.40 | - | - | - |
| Cash Flow - Oper. | 276.90 | - | - | ||||
| Cash Flow - Inv. | -184.10 | - | - | ||||
| Cash Flow - Fin. | -92.30 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 950.92 | Current Assets | 582.07 | Current Ratio | 1.25 |
| Total Liab. | 1,093.48 | Current Liab. | 466.47 | Debt Ratio | 114.99% |
| Total Equity | -142.56 | Working Cap. | 115.60 | Debt to Equity Ratio | - |
| Cash | 8.09 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to retire all of the outstanding 11.125.% Senior Discount Notes due 2008, to repay existing indebtedness under the revolving credit facility and to repay a portion of the Tranche B term loans. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kirkpatrick & Lockhart |
| Bank's Law Firm | Simpson, Thacher & Bartlett |
| Auditor | Pricewaterhouse Coopers LLC |
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