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| Yankee Candle Company, The |
| 102 Christian Lane, Whatley, MA 01903 * (413) 665-8306 |
| Business Description | We are the leading designer, manufacturer, wholesaler and retailer of premium scented candles in the growing giftware industry. We have a 30-year history of offering our distinctive products and marketing them as affordable luxuries and consumable gifts. Our current products are available in up to 150 fragrances and include a wide variety of jar candles, Samplers-Registered Trademark-, pillars, tapers and other candle products, marketed primarily under our trade names Housewarmer-Registered Trademark- and Country Kitchen-Registered Trademark-, as well as a wide range of candle accessories. |
| Offering Information Company has | |||
| Trading As | YCC (NASNTL) | Industry | Retail (SIC 5947) |
| Type of Stock Offered | Common Shares | Filing Date | 04/16/1999 |
| Domestic Shares Offered | 12,500,000 | Offer Date | 06/30/1999 |
| Foreign Shares Offered | 0 | Filing Range | $15.00 - $17.00 |
| Company Shares | 6,250,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 6,250,000 | Gross Spread | $1.170 |
| Gross Proceeds | $225,000,000 | Selling | $0.760 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 54,498,600 | Employees | 1600 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| 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 | - | - | 112.199 | 144.103 | 184.477 | - | - |
| Income from Oper. | - | - | 14.061 | 28.068 | -6.190 | - | - |
| Net Income | - | - | 11.682 | 24.371 | -32.632 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 28.44 | 28.017 | - | ||
| Net Income Growth (%) | - | - | 108.62 | - | - | ||
| Oper. Profit Margin (%) | - | - | 12.53 | 19.48 | - | - | - |
| Net Profit Margin (%) | - | - | 10.41 | 16.91 | - | - | - |
| Cash Flow - Oper. | -11.58 | - | - | ||||
| Cash Flow - Inv. | -9.31 | - | - | ||||
| Cash Flow - Fin. | 43.92 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 275.35 | Current Assets | 53.84 | Current Ratio | 2.35 |
| Total Liab. | 343.94 | Current Liab. | 22.93 | Debt Ratio | 124.91% |
| Total Equity | -68.59 | Working Cap. | 30.90 | Debt to Equity Ratio | - |
| Cash | 30.41 | Return on Assets | - | ||
| Use Of Proceeds |
The net proceeds to Yankee Candle from the offering will be used, together with proceeds of $220 million from a new credit facility and available cash, to redeem $320 million aggregate principal amount of Yankee Candle's outstanding subordinated debentures. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Fried, Frank, Harris, Shriver & Jacobson |
| Bank's Law Firm | Hale and Dorr |
| Auditor | Deloitte & Touche |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Forstmann Little & Co. | 90.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||