-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DZG4U3L7T4Rl93dB7/SGpk6j2F0Qa9h/qFSAsX6wFFbI7+/OwWqrL7UaVLW+6nYu bxPqqtND1Ti8NxZST3PlTQ== 0001011723-97-000049.txt : 19970529 0001011723-97-000049.hdr.sgml : 19970529 ACCESSION NUMBER: 0001011723-97-000049 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970528 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATEL CAPITAL EQUIPMENT FUND VII LP CENTRAL INDEX KEY: 0001019542 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 943248318 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-08879 FILM NUMBER: 97615075 BUSINESS ADDRESS: STREET 1: 235 PINE STREET 6TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4159898800 MAIL ADDRESS: STREET 1: 235 PINE STREET STREET 2: SIXTH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 424B3 1 SUPPLEMENT DATED APRIL 30, 1997 SUPPLEMENT NO. 1 ATEL CAPITAL EQUIPMENT FUND VII, L.P. Supplement dated April 30, 1997 to prospectus dated November 29, 1996 of ATEL Capital Equipment Fund VII, L.P. (the "Fund"). The following is an update to the equipment acquisition summary in the prospectus reflecting all lessees and equipment leased through April 30, 1997. - ------------------------------------------------------- Chrysler Corporation Moody's Credit Rating A3 Lease Financing of Material Handling Equipment Lease Term 5 years Equipment Cost(1) Lease Commitment: $1,032,628 Funded to Date: $982,293 Commencement Date of Lease October to December 1996 - ------------------------------------------------------- Mobil Business Resources Corp. Moody's Credit Rating Aa2 Lease Financing of Helicopters Lease Term 3 years Equipment Cost(1) Fully Funded: $1,650,000 Commencement Date of Lease November 1996 - ------------------------------------------------------- Burlington Northern Railroad Co.(2) Moody's Credit Rating Aa1 Lease Financing of Locomitives Lease Term 13 months Equipment Cost(1) Fully Funded: $5,010,960 Commencement Date of Lease December 1996 - ------------------------------------------------------- General Electric Corporation Moody's Credit Rating Aaa Lease Financing of Blow Molding Machine Lease Term 2 years Equipment Cost(1) Fully Funded: $906,370 Commencement Date of Lease January 1997 - ------------------------------------------------------- International Paper Company Moody's Credit Rating A3 Lease Financing of Trackmobile Lease Term 5 years Equipment Cost(1) Fully Funded: $248,952 Commencement Date of Lease January 1997 - ------------------------------------------------------- Illinois Central Railroad Co.(3) Moody's Credit Rating Baa2 Lease Financing of Railcars Lease Term 3 years Equipment Cost(1) Fully Funded: $1,610,000 Commencement Date of Lease January 1997 - ------------------------------------------------------- Cargill, Inc.(3) Moody's Credit Rating Aa3 Lease Financing of Covered Hopper Railcars Lease Term 6 years Equipment Cost(1) Fully Funded: $6,534,000 Commencement Date of Lease January 1997 - ------------------------------------------------------- National Steel Corporation Moody's Credit Rating Ba3 Lease Financing of Dozer Tractors Lease Term 5 years Equipment Cost(1) Fully Funded: $734,730 Commencement Date of Lease April 1997 - ------------------------------------------------------- General Electric Corporation Moody's Credit Rating Aaa Lease Financing of Spectrometers Lease Term 5 years Equipment Cost(1) Fully Funded: $306,545 Commencement Date of Lease March 1997 - ------------------------------------------------------- Southern Illinois Railcar Company(3) Lease Financing of Covered Hopper Railcars Lease Term 4 years Equipment Cost(1) Fully Funded: $462,000 Commencement Date of Lease January 1997 - ------------------------------------------------------- Minteq International, Inc. Lease Financing of Laser Measuring Machine Lease Term 3 years Equipment Cost(1) Fully Funded: $689,350 Commencement Date of Lease January to March 1997 - ------------------------------------------------------- International Paper Company Moody's Credit Rating A3 Lease Financing of Wheel Loaders Lease Term 4 years Equipment Cost(1) Fully Funded: $417,700 Commencement Date of Lease January to February 1997 - ------------------------------------------------------- International Paper Company Moody's Credit Rating A3 Lease Financing of Knuckle Boom Loader Lease Term 6 years Equipment Cost(1) Fully Funded: $213,095 Commencement Date of Lease February 1997 - ------------------------------------------------------- General Electric Corporation Moody's Credit Rating Aaa Lease Financing of Trackmobile Lease Term 5 years Equipment Cost(1) Fully Funded: $166,602 Commencement Date of Lease March 1997 - ------------------------------------------------------- Sisseton Milbank Railroad(3) Lease Financing of Covered Hopper Railcars Lease Term 3 years Equipment Cost Fully Funded: $330,000 Commencement Date of Lease January 1997 - ------------------------------------------------------- Columbus & Greenville Railroad(3) Lease Financing of Railcars Lease Term 16 months Equipment Cost(1) Fully Funded: $667,000 Commencement Date of Lease January 1997 - ------------------------------------------------------- Signature Flight Support Corporatiom Lease Financing of Fuel Trucks Lease Term 11 years Equipment Cost(1) Fully Funded: $760,000 Commencement Date of Lease April 1997 - ------------------------------------------------------- Tarmac America, Inc.(4) Lease Financing of Wheel Loaders Lease Term 18 months Equipment Cost(1) Fully Funded: $350,000 Commencement Date of Lease April 1997 - ------------------------------------------------------- National Steel Corporation Moody's Credit Rating Ba3 Lease Financing of Dozers and Loaders Lease Term 5 years Equipment Cost(1) Fully Funded: $2,985,284 Commencement Date of Lease July 1997 - ------------------------------------------------------- Sematec, Inc. Lease Financing of Manufacturing Equipment Lease Term 3 years Equipment Cost(1) Lease Commitment:$3,703,600 Funded to Date: $840,000 Commencement Date of Lease July to August 1997 - ------------------------------------------------------- International Paper Company Moody's Credit Rating A3 Lease Financing of Material Handling Equipment Lease Term 5 Years Equipment Cost(1) Lease Commitment: $73,195 Commencement Date of Lease 1997 - ------------------------------------------------------- Omnicom Group, Inc.(5) Moody's Credit Rating Baa2 Lease Financing of Furniture & Fixtures Lease Term 5 years Equipment Cost(1) Lease Commitment: $1,400,000 Commencement Date of Lease 1997 - ------------------------------------------------------- International Paper Company Moody's Credit Rating A3 Lease Financing of Construction and Logging & Lumber Equipement Lease Term 5 to 6 years Equipment Cost(1) Lease Commitment: $650,008 Commencement Date of Lease 1997 - ------------------------------------------------------- Maxtor Corporation(6) Lease Financing of Manufacturing Equipment Lease Term 3 years Equipment Cost(1) Lease Commitments: $10,000,000 Commencement Date of Lease 1997 - ------------------------------------------------------- Minteq International, Inc. Lease Financing of Manufacturing Equipment Lease Term 3 years Equipment Cost(1) Lease Commitment: $653,950 Commencement Date of Lease 1997 - ------------------------------------------------------- National Steel Corporation Moody's Credit Rating Ba3 Lease Financing of Mining Equipment Lease Term 4 to 5 years Equipment Cost(1) Lease Commitment: $4,279,986 Commencement Date of Lease 1997 - ------------------------------------------------------- ATEL Capital Equipment Fund VII Total Equipment Cost(as of April 30, 1997) Funded to Date: $25,864,881 Commitments to be Funded: $19,971,074 Total Cost: $45,835,955 - ------------------------------------------------------- (1) The "equipment cost" for each of the Fund's lease transactions may reflect a fully funded acquisition, a partially funded commitment or a lease commitment which has not yet been funded. Transactions for which the equipment cost is characterized as "fully funded" reflect the actual amount invested in the transaction as of the date hereof, and no further funding is anticipated for these transactions. The equipment cost for partially funded transactions is described by the full lease commitment and the amount actually funded as of the date hereof. For transactions which have not yet been funded, the equipment cost reflects only the lease commitment. For those leases which are not fully funded as of the date hereof, the amount of the lease commitment and the stated range of commencement dates of the lease represent the Fund Manager's best estimate as to the ultimate size and timing of the transaction, based on the Fund's lease commitment to the lessee, its discussions with the lessee regarding funding requirements and timing, the current and anticipated availability of Fund capital and other factors. There can be no assurance, however, that any portion of a transaction which has not yet been funded will be completed as described. (2) A portfolio purchased from LPCA (a wholly-owned subsidiary of GATX Corporation). Lease term represents the remaining months of the existing lease contract. (3) A portfolio purchased from MRX Corporation. Lease term represents the remaining months of the existing lease contract. (4) Co-lessee with Tarmac Mid-Atlantic, Inc. Lease is guaranteed by Tarmac PLC. (5) Guaranteed by Omnicon Group, Inc. Actual Lessees are various subsidiaries of OmnicomGroup, Inc.; DDB Needham Worldwide, Inc.; Griffin Bacal, Inc.; DDB Needham Chicago, Inc.; Tracey-Locke, Inc.; Puskar Gibbon Chapin, Inc.; The Focus Agency Inc.; and Elgin Syferd/DDB Needham, Inc. (6) Guaranteed by Hyundai Electronics. Status of the Offering As of January 6, 1997, the Fund had received and accepted subscriptions for 120,000 Units. As a result, the escrow condition was met and the subscription proceeds were released to the Fund. As of April 30, 1997, the Fund had received and accepted subscriptions for 2,202,797 units for total subscriptions in the amount of $22,027,970. As of this date, the Fund had committed all of such proceeds to equipment costs, offering and organization expenses and capital reserves. -----END PRIVACY-ENHANCED MESSAGE-----