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ATEL CAPITAL EQUIPMENT FUND IX, LLC
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The following is an update of equipment acquisitions reflecting all lessees
and equipment leased/committed to lease through June 5, 2002.
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Basin Electric Power Co-op* General Electric Company Nortel Networks, Inc.* Photuris, Inc.(6)(7)
(4)(5)
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Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1)
A3 Aaa A2 NR
Lease Financing of Lease Financing of Lease Financing of Lease Financing of
Walking Drag Line Manufacturing Equipment Office Furniture Office Equipment & Furniture
Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2)
72 - 66 months 36 - 84 months 83 months 36 months
Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3)
Fully Funded: $11,315,397 Fully Funded: $6,506,214 Fully Funded: $1,065,692 Fully Funded: $1,000,000
Lease Commitments: $1,726,898
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
July 2000 - January 2001 December 2000 - May 2002 March 2001 March 2001
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National Gypsum Company Williams Distributed Power CVS Corporation Silicon Access Networks
Svs. Inc. (6)(9)
(Guarantor: The Williams Co,
Co, Inc.)(8)
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Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1)
Baa1 Baa1 A3 NR-W
Lease Financing of Lease Financing of Lease Financing of Lease Financing of
Tractor & CAT Equipment Micro Turbine Systems Material Handling Computer Peripherals
Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2)
60 months 60 months 60 months 24 - 30 months
Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3)
Funded To Date: $2,105,821 Fully Funded: $717,356 Funded: $802,870 Fully Funded: $997,927
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
April 2001 - January 2002 April 2001 July 2001 - January 2002 August 2001 - April 2002
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Zeevo, Inc. (6)(10) Sony Pictures Entertainment, Graham Offshore, Inc. (11) Seacor Marine, Inc.(11)
Inc. (Guarantor: Seacor Smit, (Guarantor: Seacor Smit,
Inc.) Inc.)
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Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1)
NR-W NR Baa3 Baa3
Lease Financing of Lease Financing of Lease Financing of Lease Financing of
Computer Peripherals Sony Digital Recorders Crew & Supply Boats Supply Boat
& Equipment
Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2)
24 months 36 months 60 months 60 months
Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3)
Fully Funded: $370,429 Fully Funded: $762,524 Fully Funded: $4,845,000 Fully Funded: $867,000
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
September 2001 - April 2002 November 2001 January 2002 January 2002
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General Motors Corporation* Johnson Technology, Inc. Peabody Energy Corporation
(Guarantor: General Electric
Co.)
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Moody's Credit Rating:(1) Moody's Credit Rating:(1) Moody's Credit Rating:(1)
A2 Aaa Ba2/BB
Lease Financing of Lease Financing of Lease Financing of
Material Handling EDM Speed Drillers Underground Mining Equipment
Lease Term(2) Lease Term(2) Lease Term(2)
26-70 months 84 months 60 months
Equipment Cost(3) Equipment Cost(3) Equipment Cost(3)
Fully Funded: $2,910,436 Fully Funded: $1,937,500 Lease Commitment: $5,500,000
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
March 2002 April - May 2002 October 2002
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ATEL CAPITAL EQUIPMENT FUND IX, LLC
Acquisition Summary
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ATEL CAPITAL EQUIPMENT
FUND IX, LLC
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Portfolio Credit Rating(12)
A1
Total Equipment Cost
As of May 31, 2002
Funded to Date
$36,204,166
Commitments to be Funded(13)
$7,226,898
Total Fundings and Commitments
$43,431,064
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Footnotes:
*This is a Syndicated Transaction. Lease term represents the remaining months of
the existing lease contracts.
(1) Portfolio Credit Rating reflects the weighted average credit rating as
defined in the Prospectus for 75% of the equipment acquired with the Net
Proceeds.Credit rating as listed by Moody's Investor Services as of the date of
this report. "N/R" signifies that either the company has no public debt or has
not been issued a rating. "BaaCE" indicates a credit equivalent of Baa or better
as determined by the General Partner. The credit rating of guaranteed Leases is
that of the Guarantor.
(2) "Lease Term" is expressed in terms of months, although actual Lease
Terms may be monthly, quarterly, semiannual or annual.
(3) "Equipment Cost" includes either amounts committed to Lessees for
funding by the Program, or actual Equipment acquisition costs as of June 5,
2002. All figures are rounded to the nearest dollar. For any transactions which
are not fully funded, the "Equipment Cost" may change as a result of ongoing
fundings. To the extent that the transaction is not fully funded, the
information in the table represents the Managing Member's best estimates as to
the size, timing and terms of the transaction upon full funding, based on the
outstanding lease commitment, its discussions with the lessee, the current and
anticipated availability of Fund capital and other factors. There can be no
assurance, however, that the portion of the transaction which has not been
funded will be completed as described.
(4) Acquisition Cost of $6,786,284 represents a 25% interest in the
equipment (purchased from Bank of America, NA). Lease term represents the
remaining months of the existinglease contract.
(5) Acquisition Cost of $4,529,113 represents an additional 17.5% interest
in the equipment (purchased from BNY Capital Resources Corporation). Lease term
represents the remaining months of the existing lease contract.
(6) Acquisition Cost equals 50% of the total funded for the lessee. The
other 50% is owned by other ATEL partnership.
(7) Photuris shall execute and deliver to ATEL a warrant to purchase a
number of shares of the Series B Preferred Stock equal to $45,000.
(8) Acquisition Cost equals 77% of the total funded for lessee. The other
23% is owned by other ATEL partnership.
(9) ATEL may be able to purchase a warrant to purchase 22,935 shares of
Silicon's Series D Preferred Stock at a price per share of $6.54.
(10) ATEL may be able to purchase a warrant to purchase 29,101 shares of
Zeevo's Series C Preferred Stock at a price per share of $3.78.
(11) Acquisition Cost equals 51% of the total funded for lessee. The other
49% is owned by other ATEL partnership.
(12) Portfolio Credit Rating reflects the weighted average credit rating as
defined in the Prospectus for 75% of the equipment acquired with the Net
Proceeds.
(13) Additional Commitments reflect the expected funding amount of
additional transactions currently approved for funding in ATEL Capital Equipment
Fund IX.
Status of the Offering:
As of June 5, 2002, the Fund had received and accepted subscriptions for
6,525,947 units total subscriptions in the amount of $65,259,470.
Must be presented in conjunction with a current ATEL Capital Equipment Fund
IX Prospectus. Investors are encouraged to read the prospectus carefully for
ATEL Capital Equipment Fund IX which has been provided for them in conjunction
with this presentation. The presentation constitutes neither an offer to sell
nor a solicitation of an offer to buy securities described herein. The offering
is made only by the means of the prospectus delivered prior to or at the time of
the presentation. Investors are advised that there are significant risks
associated with an investment in the Fund. Please read the prospectus for
further explanation.
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