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| Prism Financial Corporation |
| 440 N. Orleans, Chicago, IL 60610 * (312) 494-0020 |
| Business Description | The company is a leading retail mortgage banking company engaged in the business of originating, selling and brokering residential mortgage loans. |
| Offering Information Company has | |||
| Trading As | PRFN (NASNTL) | Industry | Financial (SIC 6162) |
| Type of Stock Offered | Common Shares | Filing Date | 03/23/1999 |
| Domestic Shares Offered | 2,500,000 | Offer Date | 05/24/1999 |
| Foreign Shares Offered | 0 | Filing Range | $13.00 - $15.00 |
| Company Shares | 2,500,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $35,000,000 | Selling | $0.540 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 14,629,400 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| William Blair & Company | Lead Manager | (312) 364-8990 |
| ABN Amro Roth | Co-manager | (212) 314-1080 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||||
| Revenues | - | - | 12.201 | 27.354 | 90.842 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 1.020 | 2.503 | 11.905 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 124.19 | 232.098 | - | ||
| Net Income Growth (%) | - | - | 145.39 | 375.63 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 8.36 | 9.15 | 13.11 | - | - |
| Cash Flow - Oper. | -327.73 | - | - | ||||
| Cash Flow - Inv. | -1.94 | - | - | ||||
| Cash Flow - Fin. | 340.63 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 503.62 | Current Assets | - | Current Ratio | - |
| Total Liab. | 487.42 | Current Liab. | - | Debt Ratio | 96.78% |
| Total Equity | 16.20 | Working Cap. | - | Debt to Equity Ratio | 30.08 |
| Cash | 12.12 | Return on Assets | 2.36% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for repayment of indebtedness incurred to fund an S Corporation distribution, and general corporate purposes including working capital and funding acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Sidley & Austin |
| Auditor | Pricewaterhouse Coopers LLC |
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