CoorsTek - in with the millennium Message Board

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Technology Stocks : CoorsTek - in with the millennium

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To: John Finley who wrote (20)	1/27/2000 6:13:00 PM
From: kinkblot	Read Replies (1) of 52

Interest expense. This info is from the Registration Statement 12/17: freeedgar.com Note 2(a) of the NOTES TO THE PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS on page 22 describes the anticipated structure of CoorsTek's debt. It consists of $115.0 million at LIBOR plus 2% and $90.0 million at LIBOR plus 2.75%. The weighted average rate for all the debt is LIBOR plus 2.33%, which CoorsTek said came to 8.41% for the purpose of constructing the financial statements. The pro forma interest expense calculation came to $13.68M for the nine months ending September 30, 1999. 1/3 of that, or $4.56M should be a good rough estimate for the current quarter. This amount must be adjusted to reflect any changes in the LIBOR since September 30. The interest expense of $1.35M reported for Q4 1999 did not represent a complete quarter of interest payments. For the full quarter Q1 2000 it looks like that number will more than triple. The non-recurring charges of $4.1M will be absent. Combining those two items will add no more than $0.89M to income before taxes for Q1. Assuming the tax rate stays constant at 41.6%, that translates to about 7 cents per share. bloomberg.com - table includes 3 Month LIBOR WT

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