-----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, F5ZJh9QnBn3J6S+Gq2Z39Nuodc0+CdzOCfnmE7frANReebTCVlsqeVlo5yOQi1K/ 0tYDIITfpgWDAqLPMw+3gQ== 0001011723-02-000108.txt : 20020701 0001011723-02-000108.hdr.sgml : 20020701 20020701134617 ACCESSION NUMBER: 0001011723-02-000108 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATEL CAPITAL EQUIPMENT FUND IX LLC CENTRAL INDEX KEY: 0001125264 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 943375584 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-47196 FILM NUMBER: 02693215 BUSINESS ADDRESS: STREET 1: 235 PINE ST STREET 2: 6TH FLR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4159898800 MAIL ADDRESS: STREET 1: 235 PINE STREET STREET 2: 6TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 424B3 1 atel9424b3.txt ACQUISITION SUMMARY
- ---------------------------------------------------------------------------------------------------------------------------------- ATEL CAPITAL EQUIPMENT FUND IX, LLC ----------------------------------- The following is an update of equipment acquisitions reflecting all lessees and equipment leased/committed to lease through June 5, 2002. - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------- ---------------------------- ---------------------------- ---------------------------- Basin Electric Power Co-op* General Electric Company Nortel Networks, Inc.* Photuris, Inc.(6)(7) (4)(5) - ---------------------------- ---------------------------- ---------------------------- ---------------------------- Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) A3 Aaa A2 NR Lease Financing of Lease Financing of Lease Financing of Lease Financing of Walking Drag Line Manufacturing Equipment Office Furniture Office Equipment & Furniture Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2) 72 - 66 months 36 - 84 months 83 months 36 months Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Fully Funded: $11,315,397 Fully Funded: $6,506,214 Fully Funded: $1,065,692 Fully Funded: $1,000,000 Lease Commitments: $1,726,898 Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease July 2000 - January 2001 December 2000 - May 2002 March 2001 March 2001 - ---------------------------- ---------------------------- ---------------------------- ---------------------------- - ---------------------------- ---------------------------- ---------------------------- ---------------------------- National Gypsum Company Williams Distributed Power CVS Corporation Silicon Access Networks Svs. Inc. (6)(9) (Guarantor: The Williams Co, Co, Inc.)(8) - ---------------------------- ---------------------------- ---------------------------- ---------------------------- Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Baa1 Baa1 A3 NR-W Lease Financing of Lease Financing of Lease Financing of Lease Financing of Tractor & CAT Equipment Micro Turbine Systems Material Handling Computer Peripherals Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2) 60 months 60 months 60 months 24 - 30 months Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Funded To Date: $2,105,821 Fully Funded: $717,356 Funded: $802,870 Fully Funded: $997,927 Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease April 2001 - January 2002 April 2001 July 2001 - January 2002 August 2001 - April 2002 - ---------------------------- ---------------------------- ---------------------------- ---------------------------- - ---------------------------- ---------------------------- ---------------------------- ---------------------------- Zeevo, Inc. (6)(10) Sony Pictures Entertainment, Graham Offshore, Inc. (11) Seacor Marine, Inc.(11) Inc. (Guarantor: Seacor Smit, (Guarantor: Seacor Smit, Inc.) Inc.) - ---------------------------- ---------------------------- ---------------------------- ---------------------------- Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) NR-W NR Baa3 Baa3 Lease Financing of Lease Financing of Lease Financing of Lease Financing of Computer Peripherals Sony Digital Recorders Crew & Supply Boats Supply Boat & Equipment Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2) 24 months 36 months 60 months 60 months Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Fully Funded: $370,429 Fully Funded: $762,524 Fully Funded: $4,845,000 Fully Funded: $867,000 Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease September 2001 - April 2002 November 2001 January 2002 January 2002 - ---------------------------- ---------------------------- ---------------------------- ---------------------------- ---------------------------- ---------------------------- ---------------------------- General Motors Corporation* Johnson Technology, Inc. Peabody Energy Corporation (Guarantor: General Electric Co.) ---------------------------- ---------------------------- ---------------------------- Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) A2 Aaa Ba2/BB Lease Financing of Lease Financing of Lease Financing of Material Handling EDM Speed Drillers Underground Mining Equipment Lease Term(2) Lease Term(2) Lease Term(2) 26-70 months 84 months 60 months Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Fully Funded: $2,910,436 Fully Funded: $1,937,500 Lease Commitment: $5,500,000 Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease March 2002 April - May 2002 October 2002 ---------------------------- ---------------------------- ----------------------------
1 - -------------------------------------------------------------------------------- ATEL CAPITAL EQUIPMENT FUND IX, LLC Acquisition Summary - -------------------------------------------------------------------------------- -------------------------------------------- ATEL CAPITAL EQUIPMENT FUND IX, LLC -------------------------------------------- Portfolio Credit Rating(12) A1 Total Equipment Cost As of May 31, 2002 Funded to Date $36,204,166 Commitments to be Funded(13) $7,226,898 Total Fundings and Commitments $43,431,064 -------------------------------------------- Footnotes: *This is a Syndicated Transaction. Lease term represents the remaining months of the existing lease contracts. (1) Portfolio Credit Rating reflects the weighted average credit rating as defined in the Prospectus for 75% of the equipment acquired with the Net Proceeds.Credit rating as listed by Moody's Investor Services as of the date of this report. "N/R" signifies that either the company has no public debt or has not been issued a rating. "BaaCE" indicates a credit equivalent of Baa or better as determined by the General Partner. The credit rating of guaranteed Leases is that of the Guarantor. (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 June 5, 2002. 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) Acquisition Cost of $6,786,284 represents a 25% interest in the equipment (purchased from Bank of America, NA). Lease term represents the remaining months of the existinglease contract. (5) Acquisition Cost of $4,529,113 represents an additional 17.5% interest in the equipment (purchased from BNY Capital Resources Corporation). Lease term represents the remaining months of the existing lease contract. (6) Acquisition Cost equals 50% of the total funded for the lessee. The other 50% is owned by other ATEL partnership. (7) Photuris shall execute and deliver to ATEL a warrant to purchase a number of shares of the Series B Preferred Stock equal to $45,000. (8) Acquisition Cost equals 77% of the total funded for lessee. The other 23% is owned by other ATEL partnership. (9) ATEL may be able to purchase a warrant to purchase 22,935 shares of Silicon's Series D Preferred Stock at a price per share of $6.54. (10) ATEL may be able to purchase a warrant to purchase 29,101 shares of Zeevo's Series C Preferred Stock at a price per share of $3.78. (11) Acquisition Cost equals 51% of the total funded for lessee. The other 49% is owned by other ATEL partnership. (12) Portfolio Credit Rating reflects the weighted average credit rating as defined in the Prospectus for 75% of the equipment acquired with the Net Proceeds. (13) Additional Commitments reflect the expected funding amount of additional transactions currently approved for funding in ATEL Capital Equipment Fund IX. Status of the Offering: As of June 5, 2002, the Fund had received and accepted subscriptions for 6,525,947 units total subscriptions in the amount of $65,259,470. Must be presented in conjunction with a current ATEL Capital Equipment Fund IX Prospectus. Investors are encouraged to read the prospectus carefully for ATEL Capital Equipment Fund IX which has been provided for them in conjunction with this presentation. The presentation constitutes neither an offer to sell nor a solicitation of an offer to buy securities described herein. The offering is made only by the means of the prospectus delivered prior to or at the time of the presentation. Investors are advised that there are significant risks associated with an investment in the Fund. Please read the prospectus for further explanation. 2 -----END PRIVACY-ENHANCED MESSAGE-----