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SEC Filings

JONES LANG LASALLE INC filed this Form S-1/A on 07/03/1997
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                                USE OF PROCEEDS
  The net proceeds to the Company from the sale of the 4,000,000 shares of
Common Stock offered hereby (assuming an initial public offering price of
$20.00 per share), after deducting estimated underwriting discounts and
commissions and estimated expenses of the Offering payable by the Company, are
estimated to be approximately $72.4 million. The Company will not receive any
proceeds from the exercise of the over-allotment option.
  The Company will use the net proceeds to repay the full amount of the
indebtedness outstanding under promissory notes issued to Dai-ichi (the "Dai-
ichi Notes"). Any remaining proceeds will be used to repay the indebtedness
outstanding under the Company's long-term credit facility (the "Long-Term
Facility") and for general corporate purposes. The Dai-ichi Notes consist of
approximately $6.2 million principal amount of Class A Notes and $31.0 million
principal amount of Class B Notes, each bearing interest at 10.0%, payable
annually on December 31. Principal payments on the Class A Notes are due in
two equal installments on June 30, 1997 and 1998. Principal payments on the
Class B Notes are due in 10 equal installments on June 30th of each year
beginning in 1999. Borrowings under the Long-Term Facility mature on September
6, 1999, and bear interest at the greater of the lending bank's prime rate and
the applicable federal funds rate plus .5%. Principal payments on borrowings
under the Long-Term Facility are payable on June 15 of each year for amounts
outstanding on March 31, based on a defined amortization schedule. As of March
31, 1997, the principal amount of borrowings under the Long-Term Facility was
approximately $29.2 million, of which approximately $23.3 million is
anticipated to be outstanding at the time of the Offering. Upon completion of
the Offering, the Company intends to use its borrowing capacity, cash
generated from operations and the remaining net proceeds of the Offering to
pursue its growth strategy, including international expansion, selective
acquisitions and co-investment activities. Pending application of the net
proceeds of the Offering as described herein, the Company intends to invest
the proceeds in investment-grade, short-term, interest-bearing securities.

                                DIVIDEND POLICY
  The Company has not paid any dividends on its Common Stock to date. After
the Offering, the Company intends to retain its earnings to support the
expansion of its business. Any dividends declared will be at the discretion of
the Board of Directors and will depend upon the Company's financial condition,
earnings and other factors, including the terms of the Company's indebtedness.
The Company expects that provisions to be contained in agreements governing
the Company's long-term indebtedness after the Offering will limit the amount
of dividends that the Company may pay to its stockholders.

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