EX-20.2 3 a67479ex20-2.txt EXHIBIT 20.2 1 EXHIBIT 20.2 The following table sets forth the historical capitalization of the Registrant as of September 30, 2000 and the unaudited pro forma capitalization of the Registrant as of such date, after giving effect to and as if the following transactions had occurred on September 30, 2000: (1) the Repurchase Offer, (2) the Repurchase Offer, the New Credit Facilities, the Senior Subordinated Credit Facility and the Acquisition Transaction, and (3) the Repurchase Offer, the New Credit Facilities, the Senior Subordinated Credit Facility, the Acquisition Transaction and the Reserve Sale.
As of September 30, 2000 Pro Forma for Pro Forma for the Repurchase the Repurchase Offer, the New Offer, the New Credit Facilities, Credit Facilities, the Senior the Senior Subordinated Subordinated Credit Facility, Credit Facility the Acquisition Pro Forma for and the Transaction and the Repurchase Acquisition the Reserve Actual Offer(1) Transaction(1) Sale(1) ---------------------------------------------------------------------- (in thousands) Cash and cash equivalents .................... $ 16,066 $ 16,066 $ 32,442 $ 30,000 ============ ============ ============ ============ Long Term Debt and Capitalized Leases (including current maturities) .................... 264,666 271,966 793,980 721,538 Stockholders' Equity (2) ..................... 33,747 32,495 32,194 32,194 ------------ ------------ ------------ ------------ Total Capitalization ........... $ 298,413 $ 304,461 $ 826,174 $ 753,732 ============ ============ ============ ============
------------ (1) Assuming that all Notes are tendered and purchased. (2) The Registrant's operating results for the quarter ended September 30, 2000 were impacted by an impairment loss of $57.2 million resulting from the Reserve Sale, which transaction was agreed to on October 17, 2000. This impairment loss resulted in the Registrant reporting a loss from operations of approximately $49.6 million for the three months ended September 30, 2000 and a loss from operations of approximately $32.3 million for the nine months ended September 30, 2000.