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| Linc.net Inc. |
| 6161 Blue Lagoon Drive, Suite 300, Miami, FL 33126 * (305) 266-7670 |
| Business Description | Linc.net is a full-service provider of high-quality network infrastructure services, with leading positions in the central office installation, network infrastructure engineering and last mile deployment markets. |
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Filing Information Not yet | ||||
| To Trade As | LN (NYSE) | Industry | Not Classified | |
| Type of Stock Offered | Common Shares | Filing Date | 9/12/00 | |
| Domestic Shares Filed | 0 | Filing Price | - - | |
| Foreign Shares Filed | 0 | Offering Amount | $75,000,000 | |
| Company Shares | 0 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - | |
| Employees | 3700 | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| First Union Securities, Inc. | Co-manager |
| 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 | 12/31/99 | 6/30/99 | 6/30/00 | ||||
| Revenues | - | - | - | - | 421.305 | 188.615 | 272.927 |
| Income from Oper. | - | - | - | - | 25.546 | 7.788 | 26.265 |
| Net Income | - | - | - | - | 0.870 | -2.656 | 8.658 |
| E.P.S | - | - | - | - | 8.390 | -6.370 | 1.590 |
| Revenue Growth (%) | - | - | - | - | 44.70 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 6.06 | 9.62 | 4.13 |
| Net Profit Margin (%) | - | - | - | - | 0.21 | 3.17 | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 474.27 | Current Assets | 167.16 | Current Ratio | 1.59 |
| Total Liab. | 459.49 | Current Liab. | 105.31 | Debt Ratio | 96.88% |
| Total Equity | 14.79 | Working Cap. | 61.85 | Debt to Equity Ratio | 31.07 |
| Cash | 5.27 | Return on Assets | 1.83% | ||
| Use Of Proceeds |
The company is required to use 50% of the proceeds we receive in this offering to pay down indebtedness under its senior credit facility. The remainder of the proceeds will be used for general corporate purposes, including for working capital and strategic acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kirkland & Ellis |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | First Union Securities, Inc. |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| SKM | 33.20 | |
| Bank One Equity Capital | 33.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||