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| Classic Communications, Inc. |
| 515 Congress Avenue, Suite 2626, Austin, TX 78701 * (512) 476-9095 |
| Business Description | The company is a growth oriented cable operator focused on non-metropolitan markets in the United States. |
| Offering Information Company has | |||
| Trading As | CLSC (NASNTL) | Industry | Telecommunications (SIC 4841) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 10/19/99 |
| Domestic Shares Offered | 8,250,000 | Offer Date | 12/7/99 |
| Foreign Shares Offered | 0 | Filing Range | $23.00 - $25.00 |
| Company Shares | 8,250,000 | Offer Price | $25.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.710 |
| Gross Proceeds | $206,250,000 | Selling | $1.030 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 15,989,600 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/98 | 6/30/99 | |||||
| Revenues | - | - | - | - | 168.344 | - | 90.118 |
| Income from Oper. | - | - | - | - | -21.123 | - | -4.553 |
| Net Income | - | - | - | - | -62.898 | - | -26.030 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 697.45 | Current Assets | - | Current Ratio | - |
| Total Liab. | 507.57 | Current Liab. | - | Debt Ratio | 72.78% |
| Total Equity | 189.88 | Working Cap. | - | Debt to Equity Ratio | 2.67 |
| Cash | 7.37 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay a portion of our indebtedness and finance part of the Star acquisition. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Latham & Watkins |
| Registrar/Transfer Agent | Chase Bank of Texas, N.A. |
| Auditor | Ernst & Young |
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