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| Horizon PCS, Inc. |
| 68 East Main Street, Chillicothe, OH 45601 * (740) 772-8200 |
| Business Description | The Company is the largest Sprint PCS affiliate based on our exclusive right to market Sprint PCS products and services to a total population of over 10.2 million in portions of twelve contiguous states. |
|
Filing Information IPO has been | |||
| To Trade As | HPCS (NASNTL) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 5/22/00 |
| Domestic Shares Filed | 9,650,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $115,800,000 |
| Company Shares | 9,650,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| First Union Capital Markets Corp. | Co-manager | (804) 649-2311 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6450 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 0.164 | 0.768 | 4.503 | 0.629 | 3.503 |
| Income from Oper. | - | - | -3.696 | -11.372 | -14.457 | -3.313 | -5.701 |
| Net Income | - | - | -2.552 | -8.038 | -10.659 | -2.385 | -5.420 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 368.29 | 486.328 | 456.92 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -2.36 | - | - | ||||
| Cash Flow - Inv. | -3.52 | - | - | ||||
| Cash Flow - Fin. | 6.00 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 26.86 | Current Assets | 7.67 | Current Ratio | 3.23 |
| Total Liab. | 24.92 | Current Liab. | 2.37 | Debt Ratio | 92.77% |
| Total Equity | 1.94 | Working Cap. | 5.30 | Debt to Equity Ratio | 12.83 |
| Cash | 26.52 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures, including the remaining build-out of our network; working capital requirements and operating losses; the purchase of Sprint PCS' network assets currently under construction in our new markets in Pennsylvania, New York, Ohio and New Jersey; debt service payments on our RTFC financing; and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Arnall Golden & Gregory |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | Arthur Andersen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Horizon Telcom | 92.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||