EX-99.1 2 a2168318zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

CAPITALIZATION

        The following table sets forth our cash and cash equivalents and our capitalization as of December 31, 2005 on an actual and a pro forma basis. Pro forma cash and cash equivalents and the pro forma capitalization are presented to reflect expected costs of this offering to be paid in cash by the Company. This table should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements, unaudited pro forma financial information and related notes and other financial information included in or incorporated by reference in this prospectus.

 
  As of December 31, 2005
 
 
  Actual
  Adjustments
  Pro Forma
 
 
  (in millions)

 
Cash and cash equivalents:   $ 21.0   $ (1.2 ) $ 19.8  
   
 
 
 

Senior debt:

 

 

 

 

 

 

 

 

 

 
  Senior secured credit facility — revolver due 2010   $ 5.0   $     $ 5.0  
  Senior secured credit facility — term B loan due 2012     185.0           185.0  
  European credit and overdraft facilities     1.3           1.3  
  Capital lease obligations     3.5           3.5  
   
 
 
 
  Total senior debt     194.8           194.8  

Other debt:

 

 

 

 

 

 

 

 

 

 
  6.75% senior subordinated notes due 2015     225.0           225.0  
   
 
 
 
  Total other debt     225.0           225.0  
   
 
 
 
  Total debt     419.8           419.8  

Stockholders' equity (deficit):

 

 

 

 

 

 

 

 

 

 
  Preferred stock, no par value, 20.0 shares authorized, no shares issued and outstanding                
  Common stock, $0.01 par value, 200.0 shares authorized, 94.1 shares issued and outstanding     0.9           0.9  
  Additional paid-in capital     455.0           455.0  
  Accumulated deficit     (222.5 )   (1.2 )   (223.7 )
  Accumulated other comprehensive (loss)     (7.3 )         (7.3 )
   
 
 
 
      226.1     (1.2 )   224.9  
  Less: Treasury stock, at cost, 1.5 shares     (15.4 )         (15.4 )
   
 
 
 
  Total stockholders' equity (deficit)     210.7     (1.2 )   209.5  
   
 
 
 
  Total capitalization   $ 630.5   $ (1.2 ) $ 629.3  
   
 
 
 



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CAPITALIZATION