Venture Weekly Coverage Report
As of February 14, 1998
($ in thousands)
DIP # 98-101

LIQUIDITY

Cash

2,322.7

Inventories @ Cost

247,445.0

Total Liquidity

249,767.7

OBLIGATIONS

Post-Petition Trade Payables

7,678.4

DIP Facility

124,806.0

Total Obligations

132,484.4

General Coverage Ratio

1.89


CASH FLOW

Receipts

14,920.0

Disbursements

(12,230.0)

Borrowings/(Pay downs)

(2,690.0)


DIP FACILITY

Availability

166,223.0

Borrowings

(96,351.0)

Outstanding LC's

(28,455.0)

Unused Availability

41,417.0

INVENTORIES @ COST

Inventories @ Cost

247,445.0

Note A: The DIP facility received final approval by the court on Friday, February 13th. It was amended changing the negative financial covenant from the previously reported coverage ratio to a quarterly EBITDA test.

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