Capital Raising History

$100 Million Series A Convertible Preferred Stock Outstanding

$123 Million Initial Public Offering

$140 Million Secondary Offering

$100 Million Series B

Convertible Preferred Stock

$235 Million Series C Convertible Preferred Stock

$325 MillionSenior Secured Notes

1997–1999

July 1999

October1999

January2000

March2000

June2000

Common Equity

Preferred Equity

High Yield Debt

$167 Million Contributed Equity

$167Million

$342Million

$465Million

$705Million

$1,030Million

$1,265Million

Total Capital Raised

(1) Gross proceeds were $175 million. $75 million was repaid to a former shareholder.

$75 Million Series A Convertible Preferred Stock Converted to Common (1)

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