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ATEL CAPITAL EQUIPMENT FUND IX, LLC
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This Acquisition Summary Supplement dated October 31, 2002 is to be used in conjunction
with Prospectus Sticker (MU-DD-9-01) and Supplement No. 4* dated August 31, 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)
60 - 72 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 Funded to Date: $9,785,220 Fully Funded: $1,065,692 Fully Funded: $1,000,000
Lease Commitments: $3,877,105
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
July 2000 - January 2001 December 2000 - March 2003 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, 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
Phone Equipment
Lease Term(2) Lease Term(2) Lease Term(2) Lease Term(2)
47-60 months 60 months 60 months 24 - 30 months
Equipment Cost(3) Equipment Cost(3) Equipment Cost(3) Equipment Cost(3)
Funded To Date: $4,406,470 Fully Funded: $717,356 Fully Funded: $802,870 Fully Funded: $997,927
Lease Committment: $2,798,185
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
April 2001 - September 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. Seacor Marine, Inc.
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: $9,500,000 Fully Funded: $1,700,000
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 Holding Company, Inc.
(Guarantor: General Electric (Guarantor: Peabody Energy
Co.) Corp.)
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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: $2,571,910 Fully Funded: $5,111,435
Commencement Date of Lease Commencement Date of Lease Commencement Date of Lease
March 2002 February - October 2002 October 2002
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* Supplement to Prospectus dated January 16, 2001.
** This is a Syndicated Transaction. Lease term represents the remaining months of the existing lease contracts.
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ATEL CAPITAL EQUIPMENT FUND IX, LLC
Acquisition Summary
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MasTec, Inc. Sprint
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Moody's Credit Rating:(1) Moody's Credit Rating:(1)
Ba2 Baa3
Lease Financing of Lease Financing of
Message Signs & Construction PBX's
Lease Term(2) Lease Term(2)
TBD TBD
Equipment Cost(3) Equipment Cost(3)
Lease Commitment: $2,408,500 Lease Commitment: $2,164,960
Commencement Date of Lease Commencement Date of Lease
TBD TBD
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ATEL CAPITAL EQUIPMENT
FUND IX, LLC
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Portfolio Credit Rating(11)
A2
Total Equipment Cost
As of October 31, 2002
Funded to Date
$53,017,666
Commitments to be Funded(12)
$11,248,750
Total Fundings and Commitments
$64,266,416
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Footnotes:
(1) Credit rating as listed by Moody's Investor Services as of the date of
funding. "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 October 31,
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 represents a 25% interest in the equipment (purchased
from Bank of America, NA). Lease term represents the remaining months of the
existing lease contract.
(5) Acquisition Cost 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) Portfolio Credit Rating reflects the weighted average credit rating as
defined in the Prospectus for the top 75% of the equipment acquired with Net
Proceeds.
(12) 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 October 31, 2002, the Fund had received and accepted subscriptions for a
total of 9,332,327 units, for total subscription proceeds in the amount of
$93,323,270.
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