Bank of America Investment Banking Pitch Book
Sources
Excess Cash
New $110 million Asset-Based Revolving Credit Facility (L+200 bps)
New Term Loan (L+850 bps)
Kenneth Cole Rollover Equity
New Equity
Total Sources
Transaction Sources and Uses
Uses
Purchase of Kenneth Cole Productions Equity
Transaction Fees and Expenses
Financing Fees
Total Uses
Source: Kenneth Cole Productions management.
Note: Dollars in millions
(1) Projected cash balance as of September 30, 2012 Tessed
(2) Subject to 10% LIBOR floor
$
$40
53
55
131
26
$305
$
$294
8
4
$305
% of
Pro Forma
Capitalization
20%
21%
49%
10%
100%
% of
Total
96%
3%
1%
100%
cash of $5 million, as per Kenneth Cole Production management
(3) Based on $15.25 per share price, assuming Kenneth Cole nership of 0.5 mln Class A common shares 8.0 million Class 8 common shares 0.7 million restricted shares and 0.6 milion in the money options at a
weightol mege strike price of $11.25 per share (strike prices ranging from $5.36-$14.84 pers
(4)
Based on a $15.25 per share pice, osaming 10.3 million class A shares and 50 million class 8 shares outstanding, 25 millen options outstanding with a weighted average exercise price of $16.24 per share (strike
prices nanging from $5.36-534.27 per share) and 0.5 midio RSUs. Calculated parent to the treasury stock metod. Assumes all options and stock awards outstanding est upon change of control.
Bank of America
Merrill LynchView entire presentation