Citi Investment Banking Pitch Book
Papa Finances (Sources & Uses)
($inlions, except per share)
The following sources & uses scenarios assume varying purchase prices for 100% of Charlie's public float
Source
New Debtissted
Reuouer
Term Loan A
Bridge Faciny /Sealor Notes
Sabodhated Notes
Eqty Contribution
Asset Sales
Total Source
Une
Shares Purchase
Assumed Price per Share
Purchase Price
Rethachg of Papa CP
Rethancing of Charlé Reuouer/CP
Fees
32
Total U
10.0% Premium
$30.80
$1,000
3,000
4077
0
0
0
$3,077
240
$30.80
$7,397
182
302
196
$8,077
Sources & Uses
20.0% Premium
$33.60
$1,000
3,000
4,787
0
0
0
$8,787
241
$33.60
$3,086
182
302
217
$8,787
30.0% Premium
$36.40
Note: Does not considera rethanclag of C harlie's public debt which baked approximately $5.4 billion.
$1,000
3,000
5,499
0
0
0
$9.499
241
$35.40
$3,776
182
302
238
$9.499
40.0% Premlum
$39.20
$1,000
3,000
6,211
0
0
0
$10,211
242
$39 20
$9,467
182
302
259
$10,211
DRAFT
29-Jun-04
Citigroup]View entire presentation