-----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, LcVsE7seKbhwRol27fRjJSFeEUxEDn9vsXT7xL83PKzwfDjXRaE4qlFWhRwPbvsP KJtv9EnCEqMVIn+ciD62wQ== 0001011723-99-000104.txt : 19990824 0001011723-99-000104.hdr.sgml : 19990824 ACCESSION NUMBER: 0001011723-99-000104 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATEL CAPITAL EQUIPMENT FUND VIII LLC CENTRAL INDEX KEY: 0001069152 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 943307404 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-62477 FILM NUMBER: 99697847 BUSINESS ADDRESS: STREET 1: 235 PINE ST STREET 2: 6TH FL CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4159898800 MAIL ADDRESS: STREET 1: 235 PINE ST STREET 2: 6TH FL CITY: SAN FRANCISCO STATE: CA ZIP: 94104 424B3 1 SUPPLEMENT DATED JUNE 30, 1999 ATEL Capital Equipment Fund VIII, LLC Supplement dated June 30, 1999 to the Prospectus dated December 7, 1998 of ATEL Capital Equipment Fund VIII, LLC (the "Fund") (to be used in conjunction with supplement dated April 30, 1999) The Fund's Prospectus is hereby supplemented as set forth on the following pages. This supplement is a part of and must be accompanied by the Fund's Prospectus dated December 7, 1998. Terms not otherwise defined herein have the meaning as defined in the Prospectus. Equipment Acquisitions Set forth below is a summary of the Equipment acquisitions and leases entered into or identified by the Fund as of the date of this supplement. EQUIPMENT ACQUISITIONS
Equipment Commence Acquisition Indebt- Lease Lease Lessee Type Date(s) (1) Price (2) edness (3) Term (4) Type (5) Notes - ------ ---- ----------- --------- ---------- -------- -------- ----- Leases Funded: BJ's Wholesale Club, Inc. Forklifts Apr-99 $ 594,748 $ - 60 HP Consolidated Diesel Company Telephone System Feb-99 406,030 - 55 HP General Electric Company Machining centers Mar-99 352,000 - 84 HP (6) General Electric Company Extruder systems May-99 281,595 - 60 OL (7) General Electric Company Machining centers May-99 670,672 - 84 HP (6) General Electric Company Machining centers Aug-99 223,509 - 84 HP (6) General Electric Company Radiographic Inspection Jun-99 43,875 - 84 HP (6) Facility Omnicom Group, Inc. Office Automation Oct-98 1,749,913 - 36 HP (8) Omnicom Group, Inc. Office Furniture Oct-98 321,976 - 60 FP (8) Overnite Transportation Company Conventional Tractors Apr-99 2,080,400 - 48 OL 1 Equipment Commence Acquisition Indebt- Lease Lease Lessee Type Date(s) (1) Price (2) edness (3) Term (4) Type (5) Notes - ------ ---- ----------- --------- ---------- -------- -------- ----- Sebastiani Vineyards, Inc. Bottle Filler Jul-99 310,970 - 84 FP Seamex International, Ltd. Tug Supply Vessel Dec-98 3,952,500 - 44 OL (9)(10) Southwest Airlines Company Boeing 737 Aircraft Mar-99 3,238,500 - 50 OL (9) Staples, Inc. Point of sale Jan-99 2,410,939 - 60 FP Staples, Inc. Point of sale Apr-99 681,910 - 60 FP Staples, Inc. Point of sale May-99 204,571 - 60 FP Staples, Inc. Forklifts May-99 101,480 - 48 OL TASC, Inc. Office Automation Jul-99 369,506 - 36 FP Transamerica Leasing, Inc. Intermodal Containers Dec-98 10,837,500 - 120 FP (11) Universal City Development Point of sale Apr-99 668,474 - 60 FP Partners Universal Studios Florida Office Automation Jul-99 487,909 - 36 FP Williams Distributed Power Micro Turbine Systems Feb-99 to Services, Inc. Dec-99 280,500 - 60 HP (12) ---------------- -------- Total funded as of June 30, 1999: 30,269,477 - ---------------- -------- Leases Committed: Emery Worldwide Airlines Aviation Aug-99 6,090,000 - 34 OL General Electric Company Manufacturing May-99 to 1,690,318 - 84 HP (6) Oct-99 General Electric Company Manufacturing May-99 to 211,092 - 84 HP (6) Oct-99 General Electric Company Manufacturing May-99 to 2,747,940 - 84 HP (6) Aug-99 General Electric Company Manufacturing May-99 to 218,405 - 60 OL (7) Jul-99 General Electric Company Manufacturing May-99 to 175,502 - 84 HP (6) Jul-99 Sebastiani Vineyards, Inc. Food Processing Jun-99 41,914 - 84 HP 2 Equipment Commence Acquisition Indebt- Lease Lease Lessee Type Date(s) (1) Price (2) edness (3) Term (4) Type (5) Notes - ------ ---- ----------- --------- ---------- -------- -------- ----- TASC, Inc. Office Automation May-99 to 433,999 - 36 FP Oct-99 Universal Studios Florida Office Automation May-99 to 647,782 - 36 HP Oct-99 Williams Distributed Power Micro Turbine Systems Dec-99 3,544,500 - 60 HP (12) Services, Inc. ---------------- -------- Total committed as of June 30, 1999: 15,801,452 - ---------------- -------- Total Acquisition Price: $ 46,070,929 $ - ================ ======== NOTES (1) In many cases, a Lease transaction is funded over a period of time according to the Lessee's requirements. Therefore, "Commence Date(s)" expressed as a range represents multiple Lease commencement dates occurring or anticipated under the same Lease line. (2) "Acquisition Price" includes either amounts committed to Lessees for funding by the Program, or actual Equipment acquisition costs as of April 30, 1999. All figures are rounded to the nearest dollar. For any transactions which are not fully funded, the "Acquisition Price" may change as a result of ongoing fundings. To the extent that the transaction is not fully funded, the information in the table represents the Managing Member's best estimates as to the size, timing and terms of the transaction upon full funding, based on the outstanding lease commitment, its discussions with the lessee, the current and anticipated availability of Fund capital and other factors. There can be no assurance, however, that the portion of the transaction which has not been funded will be completed as described. (3) "Indebtedness" is the original principal amount of the debt acquired or assumed by the Fund in order to acquire the Equipment and leverage the Acquisition Price of the Equipment. Although transactions may originally be purchased for all cash, the Managing Member may subsequently leverage equipment in order to achieve an overall debt-equity balance for the portfolio. (4) "Lease Term" is expressed in terms of months, although actual Lease Terms may be monthly, quarterly, semiannual or annual. (5) A designation of "FP" indicates that the aggregate rents to be received during the Lease Term equal or exceed the Acquisition Price of the Equipment. A designation of "HP" indicates that the aggregate rents to be received during the Lease Term equal or exceed 90% of the Acquisition Price of the Equipment. A designation of "OL" indicates that the aggregate rents to be received during the Lease Term are less than 90% of the Acquisition Price of the Equipment. (6) Lessee is General Electric Company, by its division GE Aircraft Engines. (7) Lessee is General Electric Company, by its division GE Plastics. (8) Guaranteed by Omnicom Group, Inc. Actual lessees are various subsidiaries of Omnicom Group Inc.: The DDB Needham Worldwide Communications Group Inc.; Griffin Bacal Inc.; DDB Needham Chicago, Inc.; DDB Needham Dallas, Inc.; PGC Advertising, Inc.; The Focus Agency, LP.; Elgin DDB Inc.; Group Management Services and TLP, Inc. (9) Asset is held by a special purpose entity. Acquisition cost represents 51% of the total cost. The remaining 49% is owned by another program and continues to be managed by ATEL. 3 (10) Guaranteed 40% by Seacor Smit, Inc. and 60% by Trasportacion Maritina Mexicana. (11) Assets are on short-term sub-leases with various sub-lessees. (12) Guaranteed by Williams Companies, Inc.
4 ATEL CAPITAL EQUIPMENT FUND VIII, LLC Supplement dated June 30, 1999 to prospectus dated December 7, 1998 of ATEL Capital Equipment Fund VIII, LLC (the "Fund"). The following is an update to the equipment acquisition summary in the prospectus reflecting all lessees and equipment leased through June 30, 1999. This supplement is to be used in conjunction with Supplement dated April 30, 1999. ****** Consolidated Diesel Company Moody's Credit Rating:(1) NR Lease Financing of Siemens Telephone System Lease Term(2) 55 months Equipment Cost(3) Fully Funded: $406,030 Commencement Date of Lease(4) February 1999 ****** Sebastiani Vineyards Moody's Credit Rating:(1) NR Lease Financing of Bottle Filler Lease Term(2) 84 months Equipment Cost(3) Fully Funded: $310,970 Commencement Date of Lease(4) July 1999 ****** General Electric Company(5) Moody's Credit Rating:(1) Aaa Lease Financing of Machine Centers Lease Term(2) 5 - 7 years Equipment Cost(3) Fully Funded: $ 1,246,181 Commencement Date of Lease(4) March - August 1999 ****** Overnite Transportation Company Moody's Credit Rating:(1) BaaCE Lease Financing of Conventional Tractors Lease Term(2) 48 months Equipment Cost(3) Fully Funded: $2,080,400 Commencement Date of Lease(4) April 1999 ****** General Electric Company(6) Moody's Credit Rating:(1) Aaa Lease Financing of Extruder Systems Lease Term(2) 60 months Equipment Cost(3) Fully Funded: $281,595 Commencement Date of Lease(4) May 1999 ****** Omnicom Group, Inc.(7) Moody's Credit Rating:(1) Baa1 Lease Financing of Office Automation Equipment Lease Term(2) 36 months Equipment Cost(3) Fully Funded: $1,749,913 Commencement Date of Lease(4) October 1998 ****** Omnicom Group, Inc.(7) Moody's Credit Rating:(1) Baa1 Lease Financing of Office Furniture Lease Term(2) 60 months Equipment Cost(3) Fully Funded: $321,976 Commencement Date of Lease(4) October 1998 ****** BJ's Wholesale Club, Inc. Moody's Credit Rating:(1) NR Lease Financing of Forklifts Lease Term(2) 60 months Equipment Cost(3) Fully Funded: $594,748 Commencement Date of Lease(4) April 1999 ****** Universal Studios FloridaMoody's Credit Rating:(1) NR Lease Financing of Office Automation Equipment Lease Term(2) 36 months Equipment Cost(3) Fully Funded: $487,909 Commencement Date of Lease(4) July 1999 1 ****** Seamex International, Inc.(8)(9) Moody's Credit Rating:(1) Ba1 Lease Financing of Tag Supply Vessel Lease Term(2) 44 months Equipment Cost(3) Fully Funded: $3,952,500 Commencement Date of Lease(4) December 1998 ****** Southwest Airlines Company(8) Moody's Credit Rating:(1) A1 Lease Financing of Boeing 737 Aircraft Lease Term(2) 50 months Equipment Cost(3) Fully Funded: $3,238,500 Commencement Date of Lease(4) March 1999 ****** Staples, Inc. Moody's Credit Rating:(1) Baa2 Lease Financing of Point of Sales Equipment Lease Term(2) 60 months Equipment Cost(3) Fully Funded: $ 3,297,420 Commencement Date of Lease(4) January - May 1999 ****** TASC, Inc. Moody's Credit Rating:(1) NR Lease Financing of Office Automation Equipment Lease Term(1) 36 months Equipment Cost(2) Fully Funded: $369,506 Commencement Date of Lease(3) July 1999 ****** Transamerica Leasing, Inc.(10) Moody's Credit Rating:(1) NR Lease Financing of Intermodal Containers Lease Term(2) 120 months Equipment Cost(3) Fully Funded: $10,837,500 Commencement Date of Lease(4) December 1998 ****** Universal City Development Partners Moody's Credit Rating:(1) NR Lease Financing of Point of Sale Equipment Lease Term(2) 60 months Equipment Cost(3) Fully Funded: $668,474 Commencement Date of Lease(4) April 1999 ****** Staples, Inc. Moody's Credit Rating:(1) Baa2 Lease Financing of Forklifts Lease Term(2) 48 months Equipment Cost(3) Fully Funded: $101,480 Commencement Date of Lease(4) May 1999 ****** General Electric Company(5) Moody's Credit Rating:(1) Aaa Lease Financing of Radio Graphic Inspection Facility Lease Term(2) 84 months Equipment Cost(3) Fully Funded: $43,875 Commencement Date of Lease(4) June 1999 ****** Williams Distributed Power Services, Inc.(11) Moody's Credit Rating:(1) Baa1 Lease Financing of Micro Turbine System Lease Term(2) 60 months Equipment Cost(3) Fully Funded: $280,500 Commencement Date of Lease(4) February - December 1999 2 ****** Emery Worldwide Airlines Moody's Credit Rating:(1) NR Lease Financing of Aviation Equipment Lease Term(1) 34 months Equipment Cost(2) Lease Commitment: $6,090,000 Commencement Date of Lease(3) August 1999 ****** Sebastiani Vineyards Moody's Credit Rating:(1) NR Lease Financing of Food Processing Lease Term(1) 84 months Equipment Cost(2) Lease Commitment: $41,914 Commencement Date of Lease(3) June 1999 ****** General Electric Company(5) Moody's Credit Rating:(1) Aaa Lease Financing of Manufacturing Lease Term(2) 5 - 7 years Equipment Cost(3) Lease Commitment: $218,405 Commencement Date of Lease(4) May - October 1999 ****** General Electric Company(4) Moody's Credit Rating:(1) Aaa Lease Financing of Manufacturing Lease Term(2) 5 - 7 years Equipment Cost(3) Lease Commitment: $4,824,852 Commencement Date of Lease(4) May - October 1999 ****** TASC, Inc. Moody's Credit Rating:(1) NR Lease Financing of Office Automation Equipment Lease Term(2) 36 months Equipment Cost(3) Lease Commitment: $433,999 Commencement Date of Lease(4) May - October 1999 ****** Universal Studios Florida Moody's Credit Rating:(1) NR Lease Financing of Office Automation Equipment Lease Term(2) 36 months Equipment Cost(3) Lease Commitment: $647,782 Commencement Date of Lease(4) May - October 1999 ****** Williams Distributed Power Services, Inc.(10) Moody's Credit Rating:(1) Baa1 Lease Financing of Micro Turbine System Lease Term(2) 60 months Equipment Cost(3) Lease Commitment: $3,544,500 Commencement Date of Lease(4) December 1999 3 ****** ATEL Capital Equipment Fund VIII, LLC Total Equipment Cost As of June 30, 1999 Funded to Date $30,269,477 Commitments to be Funded $15,801,452 Total Cost $46,070,929 NOTES (1) Credit Rating as listed by Moody's Investor Services as of the date of this supplement. "NR" signifies that either the company has no public debt or has not been issued a rating. (2) "Lease Term" is expressed in terms of months, although actual Lease Terms may be monthly, quarterly, semiannual or annual. (3) "Equipment Cost" includes either amounts committed to Lessees for funding by the Program, or actual Equipment acquisition costs as of April 30, 1999. All figures are rounded to the nearest dollar. For any transactions which are not fully funded, the "Equipment Cost" may change as a result of ongoing fundings. To the extent that the transaction is not fully funded, the information in the table represents the Managing Member's best estimates as to the size, timing and terms of the transaction upon full funding, based on the outstanding lease commitment, its discussions with the lessee, the current and anticipated availability of Fund capital and other factors. There can be no assurance, however, that the portion of the transaction which has not been funded will be completed as described. (4) In many cases, a Lease transaction is funded over a period of time according to the Lessee's requirements. Therefore, "Commence Date(s)" expressed as a range represents multiple Lease commencement dates occurring or anticipated under the same Lease line. (5) Lessee is General Electric Company, by its division GE Aircraft Engines. (6) Lessee is General Electric Company, by its division GE Plastics. (7) Guaranteed by Omnicom Group, Inc. Actual lessees are various subsidiaries of Omnicom Group Inc.: The DDB Needham Worldwide Communications Group Inc.; Griffin Bacal Inc.; DDB Needham Chicago, Inc.; DDB Needham Dallas, Inc.; PGC Advertising, Inc.; The Focus Agency, LP.; Elgin DDB Inc.; Group Management Services and TLP, Inc. (8) Asset is held by a special purpose entity. Acquisition cost represents 51% of the total cost. The remaining 49% is owned by another program and continues to be managed by ATEL. (9) Guaranteed 40% by Seacor Smit, Inc. and 60% by Trasportacion Maritina Mexicana. (10) Assets are on short-term sub-leases with various sub-lessees. (11) Guaranteed by Williams Companies, Inc. Status of the Offering As of June 30, 1999, the Fund had received and accepted subscriptions for 4,061,036 units for total subscriptions in the amount of $40,610,360. As of this date, the Fund had committed all of such proceeds to equipment costs, offering and organization expenses and capital reserves. 4 -----END PRIVACY-ENHANCED MESSAGE-----