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| PaeTec Corp. |
| 290 Woodcliff Drive, Fairport, NY 14450 * (716) 340-2500 |
| Business Description | The company is a fast growing integrated communications provider or ICP, offering broadband communications and solutions, including data, voice and an expanding array of applications and integration services. |
|
Filing Information Not yet | |||
| To Trade As | PEAT (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 4/14/00 |
| Domestic Shares Filed | 5,600,000 | Filing Range | $12.00 - $14.00 |
| Foreign Shares Filed | 1,400,000 | Offering Amount | $91,000,000 |
| Company Shares | 7,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| 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 | 12/31/98 | 12/31/99 | |||||
| Revenues | - | - | - | 0.150 | 23.347 | - | - |
| Income from Oper. | - | - | - | -5.959 | -38.264 | - | - |
| Net Income | - | - | - | -5.852 | -40.343 | - | - |
| E.P.S | - | - | - | -0.670 | -1.930 | - | - |
| Revenue Growth (%) | - | - | - | 15,464.667 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -39.76 | - | - | ||||
| Cash Flow - Inv. | -37.41 | - | - | ||||
| Cash Flow - Fin. | 82.17 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 121.99 | Current Assets | 19.08 | Current Ratio | 0.84 |
| Total Liab. | 91.93 | Current Liab. | 22.76 | Debt Ratio | 75.36% |
| Total Equity | 30.06 | Working Cap. | -3.68 | Debt to Equity Ratio | 3.06 |
| Cash | 7.44 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures, market expansion and product development, hire additional personnel, fund operating losses, fund potential acquisitions and provide for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Hogan & Hartson |
| Bank's Law Firm | Shearman & Sterling |
| Auditor | Deloitte & Touche |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Madison Dearborn Investors | 20.70 | |
| Blackstone Investors | 14.80 | |
| Alliance Cabletel Holdings, L.P. | 5.50 | |
| Kline Hawkes California SIBC, L.P. | 4.90 | |
| Note: represents ownership of 5% or more prior to the offering. | ||