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033 <br /> 58 <br />• <br />• <br /> TOMMY <br /> • <br /> A. Financial Resources <br /> The financing for the acquisition of the Town of Chapel Hill cable <br /> coamri1 cations system will be arranged by a partnership, Prime Cable <br /> Income Partners L.P. (the "Partnership"), composed of Prime Venture I, <br /> Inc. ("Prim Venture") as managing general partner, Shearson Lehman <br /> Cable Services, Inc. , an affiliate of Shearson Lehman Brothers Inc. , as <br /> associate general partner, and limited partners who acquire interests by <br /> pp of a public offering of limited partnership units through Shearson <br /> hman Brothers, Inc. The Chapel Bill system will be the first such <br /> acquisition by the Partnership. Upon the sale of the offered limited <br /> partnership units, the Partnership will be an equity fund having cash <br /> assets of approximately $100,000,000. <br /> It is anticipated that funds necessary to complete the acquisition <br /> of the Chapel Hill cable system will be available by the scheduled <br /> closing date of August 8, 1986. <br /> The take the form of for the Chapel <br /> u contributions by the Partnership n and-Prime P will <br /> Venture (apprmicately7 57%) and long-term debt (approximately provided by one of several banks participating with Prime Cable . in <br /> other ventures (most likely the Toronto Dominion Bank) , or a <br /> consortium of banks headed by the Toronto Dominion Bank. Base on <br /> recent experience, such debt financing will be trade available at an <br /> interest rate of prime plus 1%. All such long-term debt will be <br /> collateralized by the assets of the cable system. <br /> B. National Building Commitments <br /> Because the Town of Chapel Hill cable communications system will be. <br /> the first cable acquisition for Prime Venture and P <br /> � the Partnership, there <br /> are no national building commitments outstanding. <br /> • <br /> • <br />