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| Infonet Services Corporation |
| 2100 East Grand Avenue, El Segundo, CA 90245 * (310) 335-2600 |
| Business Description | The company is a leading global provider of cross-border managed data communications services to more than 1,150 corporations worldwide, including 29% of the top 500 corporation in Business Week's 1998 Global 1000. |
| Offering Information Company has | |||
| Trading As | IN (NYSE) | Industry | Internet (SIC 7374) |
| Type of Stock Offered | Class B Common Shares | Filing Date | 10/12/99 |
| Domestic Shares Offered | 51,282,300 | Offer Date | 12/15/99 |
| Foreign Shares Offered | 0 | Filing Range | $18.00 - $21.00 |
| Company Shares | 38,461,600 | Offer Price | $21.00 |
| Selling Shrhldrs Shares | 12,820,700 | Gross Spread | $1.000 |
| Gross Proceeds | $1,076,928,300 | Selling | $0.600 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 469,500,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| ABN Amro Roth | Co-manager | (212) 314-1080 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Warburg Dillon Read LLC | Co-manager | (203) 719-4290 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 3/31/97 | 3/31/98 | 3/31/99 | 6/30/98 | 6/30/99 | ||
| Revenues | - | - | 264.684 | 294.244 | 302.997 | 69.004 | 85.706 |
| Income from Oper. | - | - | -10.387 | -6.074 | 3.871 | -2.292 | -0.300 |
| Net Income | - | - | -7.481 | -5.434 | 4.675 | -1.871 | -1.228 |
| E.P.S | - | - | -598.480 | -434.720 | 374.000 | -149.680 | -96.610 |
| Revenue Growth (%) | - | - | 11.17 | 2.975 | 24.20 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 1.28 | - | - |
| Net Profit Margin (%) | - | - | - | - | 1.54 | - | - |
| Cash Flow - Oper. | 13.58 | 2.11 | 2.07 | ||||
| Cash Flow - Inv. | -22.35 | -0.96 | -24.93 | ||||
| Cash Flow - Fin. | 5.83 | -0.41 | 49.20 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 257.19 | Current Assets | 111.13 | Current Ratio | 1.58 |
| Total Liab. | 183.39 | Current Liab. | 70.48 | Debt Ratio | 71.31% |
| Total Equity | 73.80 | Working Cap. | 40.65 | Debt to Equity Ratio | 2.48 |
| Cash | 34.74 | Return on Assets | 1.82% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to develop and expand our network infrastructure and for working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Simpson, Thacher & Bartlett |
| Auditor | Deloitte & Touche |
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