CompuServe Thread

Here is some information that may help put things in perspective. (I like the part about Commodore last paying dividents in 1965! 🙂 Commodore International Ltd./ News Page 1 of 1 Standard & Poor's Corp. (02-MAR-1993) (.CBU) Agrees in Principle with Prudential Insurance Co. of America to Mar. 1, 1993, Commodore International Ltd. announced an agreement in principle with Prudential Insurance Co. of America to issue $16,000,000 in new Sr. Notes t retire an equal amount of Sub. Notes. Under the agreement, $8,000,000 of Notes, which were due on March 1, will be due for repayment on December 31, and the remaining $8,000,000 will be due on Mar. 1, 1994. Commodore and Prudential also agreed in principle to extend a $5,000,000 Sr. Note repayment to Dec. 31, 1993 from March 1. In addition, Commodore paid the remaining $12,500,000 Sr. Note maturities due March 1 to Prudential and another lender. COMTEX (12-APR-1993) COMMODORE INTERNATIONAL REPAYS $13 MILLION LOAN TO PRUDENTIAL INSURANCE CO. NEW YORK (APRIL 12) PR NEWSWIRE – Commodore International Limited (NYSE: CBU) announced today that it has repaid a loan of $13 million to the Prudential Insurance Company of America which had been subject to a previous agreement in principle for a payment extension through year- end. The company said it chose to make the payment as it was unwilling to accept the terms proposed. Standard & Poor's Corp. (03-FEB-1993) Capitalization CAPITALIZATION (June 30 '92) LONG TERM DEBT- Outstg. 11% Sr. Notes, due Mar., 1993……………………….*$5,000,000 10 3/4% Sr. Notes, due Mar., 1995…………………….37,500,000 12% Subord. Notes, due Mar., 1994……………………*16,000,000 7.52%-9.59% Equip. Loans, due thru 2001……………….15,800,000 7 1/4%-17% Mtges., due thru 2006………………………5,800,000 Cap. Lease Obligs., due thru 2020……………………..9,700,000 TOTAL (incl. $29,500,000 curr.)……………………$89,800,000 *Issued privately. In connection with offering of Notes, warrants to buy 2,250,000 Com. shs. at $11.40 per sh. to Mar., 1994, were issued. STOCK- Auth. Shs. Outstg. Shs. Capital $0.01 par……………………..*90,000,000 @33,037,232 *Incl. 1,268,091 optioned to employees, with 2,710,972 for future grants; and 750,000 for warrants. @Excl. 769,847 in treas. UNUSED LINES OF CREDIT (short term) available in various currencies totaled $22,800,000 at June 30, 1992. RECENT DIVIDENDS- Last payment was in 1965. Commodore International Ltd./ SEC Filings 1 21-Jul-93 CTX COMMODORE INT'L : B. WINBERG, DIR., SELLS 38,000 SHARES 2 21-Jun-93 CTX COMMODORE INT'L : M. ALI FILES TO SELL 200,000 SHARES 3 24-Mar-92 CTX COMMODORE INT'L : H. JOST, DIV. OFFICER, SELLS 7,500 SHARES 4 24-Mar-92 CTX COMMODORE INT'L : M.R. ALI, PRES., SELLS 339,500 SHARES 5 21-Feb-92 CTX COMMODORE INT'L : M. ALI FILES TO SELL 475,000 SHARES 6 11-Feb-92 CTX COMMODORE INT'L : H. RUBIN, DIR., SELLS 215,822 SHARES 7 11-Feb-92 CTX COMMODORE INT'L : H. RUBIN, DIR., SELLS 215,822 SHARES 8 3-Dec-91 CTX COMMODORE INT'L : S. FRANKLIN, VP, SELLS 10,000 SHARES 9 8-Nov-91 CTX COMMODORE INT'L : R.D. SELIGMAN, DIR., BUYS 600 SHARES 10 5-Sep-91 CTX COMMODORE INT'L : H. RUBIN FILES TO SELL 25,000 SHARES 11 6-Jun-91 CTX COMMODORE INT'L : W.L. SYDNES FILES TO SELL 12,500 SHARES 12 28-May-91 CTX COMMODORE INT'L : M. ALI, PRES., SELLS 100,982 SHARES 13 21-May-91 CTX COMMODORE INT'L : J.C. BENEDETTI FILES TO SELL 9,600 SHARES 14 1-May-91 CTX COMMODORE INT'L : M. ALI FILES TO SELL 100,982 SHARES 15 10-Apr-91 CTX FMR REPORTS 4.37% OWNERSHIP OF COMMODORE INT'L LTD. 1 9-Apr-91 CTX FIDELITY INT'L REPORTS 4.37% OWNERSHIP OF COMMODORE INT'L LTD. 2 2-Apr-91 CTX FIDELITY INT'L REPORTS 7.15% OWNERSHIP OF COMMODORE INTERNATIONAL LTD. 3 2-Apr-91 CTX FMR REPORTS 7.15% OWNERSHIP OF COMMODORE INTERNATIONAL LTD. 4 29-Jan-91 CTX FIDELITY INTERNATIONAL REPORTS 5.04% OWNERSHIP OF COMMODORE INTERNATIONAL LTD 5 28-Jan-91 CTX FMR REPORTS 5.04% OWNERSHIP OF COMMODORE INTERNATIONAL LTD. 6 15-Jan-91 CTX COMMODORE INT'L : R. SANFORD, CHAIRMAN, SELLS 5,700 SHARES According to this, they currently owe about $35,000,000 due *now* with another $75,000,000 due through the year 2010. And I though I was broke. 🙂 -Chasr