Shoreline Pacific Manages $10M Private Placement for Excelsior-Henderson

5 May 1999

Shoreline Pacific Manages $10M Private Placement for Excelsior-Henderson Motorcycle Manufacturing Co.

    SAUSALITO, Calif.--May 4, 1999--Shoreline Pacific Institutional Finance, Institutional Division of Financial West Group, today announced it has arranged a $10 million private placement with two institutional investors for Excelsior-Henderson Motorcycle Manufacturing Co.
    Excelsior-Henderson said it would use the proceeds from today's transaction to fund working capital needs and general corporate purposes.
    The transaction represents the second private placement Shoreline Pacific has arranged for Excelsior-Henderson, which recently launched a new line of cruiser motorcycles manufactured at the company's headquarters in Belle Plaine, Minn.
    Known as one of the nation's fastest growing specialty investment banks, Shoreline Pacific arranged a $13 million private placement for Excelsior-Henderson last September that helped fund the company's growth and product launch.
    "We are pleased to be able to work with Excelsior-Henderson once again and to support their exciting vision and plans for success," said Harlan Kleiman, Shoreline Pacific's president. "This transaction not only helps an excellent company continue its momentum, but plays an important role in the rebirth of American-made motorcycles."
    Excelsior-Henderson has a rich history that dates to the turn of the century when it was known for production of first-rate motorcycles that emphasized both speed and style.
    However, Excelsior Henderson could not survive the Great Depression and stopped production in 1931. Brothers Dave and Daniel Hanlon acquired the rights to the Excelsior-Henderson name several years ago, and with Shoreline Pacific's help recently began full production.

    About Shoreline Pacific

    Based in Sausalito, Shoreline Pacific is an investment bank specializing in private financings and advisory services for growth companies such as Excelsior-Henderson.
    Since its founding in 1991, the company has completed transactions totaling nearly $900 million and expects to cross the $1 billion threshold in late 1999. Shoreline works with companies in a wide range of industries including Internet, manufacturing, biotechnology, pharmaceuticals, computer software, medical diagnostics, telecommunications, interactive/multi-media, and more.
    For more information on Shoreline Pacific, please visit the company's website at http://www.shorepac.com.