11/15/99 Private Placement Letter (Pg. Unavail. Online)
1999 WL 17487736
Private Placement Letter
Copyright 1999 Securities Data Publishing (See Bold)
Monday, November 15, 1999
Sec Roundup
Staff Reports
Altrec Inc. is offering $3 million of convertible promissory notes in
a private placement, according to a Securities and Exchange Commission
filing. At the time of the filing, $2.5 million of the securities had
already been placed with six accredited investors. Funds garnered from
the transaction will go toward working capital. Headquartered in
Bellevue, Wash., the issuer is a web-based retailer of outdoor and
active-travel industry products.
Ameritrade Holding Corp. has sold $200 million of five-year
convertible notes to one accredited investor in a private placement,
according to a Securities and Exchange Commission filing. The notes
carry a 5.75% coupon. The deal was agented by Goldman, Sachs & Co. The
issuer will use the proceeds for working capital and repayment of
indebtedness. Based in Omaha, Ameritrade is a provider of discount
brokerage services and related clearing and execution services.
Big Buck Brewery & Steakhouse Inc. is offering $1 million of
convertible subordinated promissory notes in a private placement,
according to a Securities and Exchange Commission filing. At the time of
the filing, four accredited investors had purchased $650,000 of the
securities via broker-dealer Private Equity LLC. Funds collected from
the transaction will be used for working capital and the construction or
leasing of plant facilities. Headquartered in Gaylord, Mich., the issuer
develops and operates a chain of microbrewery/restaurants.
Business and Trade Network of America Inc. is offering $2 million of
convertible debentures and attached stock warrants in a private
placement, according to a Securities and Exchange Commission filing. At
the time of the filing, the company had already placed $1.25 million of
the securities with two accredited investors. Proceeds will be used for
working capital. Headquartered in Tinton Falls, N.J., the issuer is an Internet-based service provider.
eB2B Commerce Inc. has sold $1 million of debt notes and warrants to
34 accredited investors in a private placement, according to a
Securities and Exchange Commission filing. The transaction was agented
by Commonwealth Associates L.P. Proceeds will be used for working
capital, salaries and fees. The New York-based issuer engages in
business-to-business e-commerce.
Foodline.com Inc. is offering $1.5 million of convertible notes and
attached stock warrants in a private placement, according to a
Securities and Exchange Commission filing. At the time of the filing, 23
accredited investors had already purchased $1.49 million of the notes.
Funds collected from the deal will go toward working capital. The New
York-based issuer is an on-line restaurant reservations service.
IndianGrocer.com Inc. has sold $1 million of convertible debentures
and warrants to seven accredited investors in a private placement,
according to a Securities and Exchange Commission filing. Proceeds from
the successful transaction will be used for working capital. Located in
Evanston, Ill., the issuer is an on-line provider of Indian
non-perishable food and consumer products.
Mascot Network, Inc. is offering $760,000 of convertible promissory
notes in a private placement, according to a Securities and Exchange
Commission filing. At the time of the filing, three accredited investors
had already purchased $490,131 of the securities. Funds collected from
the transaction will be used for salaries, fees, working capital,
repayment of indebtedness and construction or leasing of plant
facilities. Based in Cambridge, Mass., the issuer provides Internet
portal software for colleges and communications companies or projects.
SATTV Inc. is offering $1 million of convertible promissory notes and
preferred stock warrants in a private placement, according to a
Securities and Exchange Commission filing. At the time of the filing,
one accredited investor had purchased $300,000 of the securities.
Proceeds from the deal will be used for working capital. Located in San
Francisco, the issuer engages in Internet commerce for
subscription-based services.
Sloanauction.com Inc. has sold $500,000 of debt securities to 10
accredited investors in a private placement, according to a Securities and Exchange Commission filing. The successful transaction was agented
by Commonwealth Associates L.P. Proceeds will be used for working
capital. Headquartered in North Bethesda, Md., the issuer engages in
estate auctions.
Stellar One Corp. is offering $13.5 million of convertible secured
notes and common stock purchase warrants in a private placement,
according to a Securities and Exchange Commission filing. At the time of
the filing, 38 accredited investors had already purchased $12.985
million of the securities. Funds garnered from the deal will be used for
working capital. Located in Redmond, Wash., the issuer specializes in
interactive broadband services, products and technologies.
Trans World Gaming Corp. has sold $3 million of senior secured notes
to four accredited investors in a private placement, according to a
Securities and Exchange Commission filing. The notes carry a 12% coupon.
Proceeds from the deal will be used for working capital and the
purchaser, rental or leasing and installation of machinery and
equipment. The New York-based issuer owns and manages casinos.
US Oncology Inc. has sold a combined $2.67 million of subordinated
debt and common stock to three accredited investors in a private
placement, according to a Securities and Exchange Commission filing. In
exchange for issuing subordinated promissory notes and agreeing to issue
34,429 shares of its common stock, the issuer induced the investors'
medical practice to enter into a long-term management contract.
Houston-based U.S. Oncology specializes in the management and
administration of the non-medical aspects of medical oncology practices.
4Charity.com Inc. has sold a combined $896,790 of convertible
promissory notes, preferred stock warrants and preferred stock to four
accredited investors in a private placement, according to a Securities
and Exchange Commission filing. Funds garnered from the deal will be
used for working capital. Based in Palo Alto, Calif., the issuer
specializes in the business of on-line charities.
Abbott Laboratories has sold $300,000 of promissory notes to one
accredited investor in a private placement, according to a Securities
and Exchange Commission filing. The successful transaction was agented
by Salomon Smith Barney Inc. Issuer proceeds will be used for working
capital. Located in Abbott Park, Ill., the company discovers, develops,
manufactures and sells a broad and diversified line of healthcare
products and services.
Acadia National Health Systems Inc. has sold $600,000 of convertible
debentures to eight accredited and eight non-accredited investors in a
private placement, according to a Securities and Exchange Commission
filing. Most of the proceeds from the transaction will go toward
repayment of indebtedness, working capital, web site design and investor
relations. Located in Auburn, Maine, the issuer specializes in physician
practice management and third party medical billing services.
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