Filed Pursuant to Rule 424(b)(3) File No. 333-86192
MANUFACTURERS' SERVICES LIMITED, INC.
Prospectus Supplement No. 1 dated January 10, 2003
to the Prospectus Dated April 23, 2002
The information in this prospectus supplement concerning the selling
stockholders supplements the statements set forth under the caption "Selling
Stockholders" in the prospectus. This prospectus supplement should be read in
conjunction with the prospectus, which is required to be delivered with this
prospectus supplement.
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Investing in our common stock involves a high degree of risk. See "Risk
Factors" beginning on page 4 of the prospectus.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus supplement is truthful or complete. Any representation to the
contrary is a criminal offense.
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The information in the following table is presented as of January 10,
2003 and supersedes in part the information in the table appearing under the
heading "Selling Stockholders" in the prospectus:
Number of Shares Number of Shares of Common Stock
of Common Stock Shares of to be Beneficially
Beneficially Common Stock Owned After Offering(2)
Owned Prior to Being ------------------------
Name of Selling Stockholder Offering Offered(1) Number Percentage
------------------------------------------------------- ---------------- ------------ --------- -------------
Castle Creek Technology Partners, LLC.................. 291,375 330,255 0 0%
PCM Partners L.P....................................... 553,613 627,485 0 0
PCM Partners International Ltd. ....................... 29,138 33,026 0 0
Cohanzick Partners, LP................................. 48,563 55,043 0 0
Cohanzick High Yield Partners, LP...................... 48,563 55,043 0 0
Deephaven Private Placement Trading Ltd................ 194,250 220,170 0 0
Deutsche Bank AG....................................... 194,250 220,170 0 0
AIG DKR SoundShore Private Investors Holding Fund Ltd.. 97,125 110,085 0 0
AIG DKR SoundShore Holdings Ltd........................ 134,033 151,917 0 0
AIG DKR SoundShore Opportunity Holding Fund Ltd........ 89,355 101,278 0 0
AIG DKR SoundShore Strategic Holding Fund Ltd.......... 67,988 77,060 0 0
Capital Ventures International......................... 194,252 220,170 0 0
Purchase Associates, L.P. ............................. 136,946 155,220 0 0
Levco Alternative Fund Ltd. ........................... 445,804 505,290 0 0
J.P. Morgan Securities Inc............................. 194,250 220,170 0 0
Langley Partners, L.P. ................................ 194,250 220,170 0 0
Halifax Fund, L.P...................................... 388,500 440,340 0 0
Portside Growth and Opportunity Fund................... 184,537 210,457 0 0
Ram Capital Resources.................................. 9,713 9,713 0 0
SF Capital Partners Ltd................................ 971,251 1,100,852 0 0
Special Situations Private Equity Fund, L.P............ 291,375 330,255 0 0
Victus Capital, L.P.................................... 491,452 543,292 0 0
ALL SELLING STOCKHOLDERS............................... 5,250,583 5,937,461 0 0
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1. This number represents 110% of the shares issuable upon conversion of
the series A preferred stock based on the initial conversion price of
$6.4350, 100% of the shares issuable upon exercise of the warrants and
110% of the shares issuable in lieu of cash dividends payable on the
series A preferred stock for four quarters, based on a market value of
the common stock of $5.85.
2. We do not know when or in what amounts a selling stockholder may offer
shares for sale. The selling stockholders might not sell any or all of
the shares offered by this prospectus. Because the selling stockholders
may offer all or some of the shares pursuant to this offering, and
because there are currently no agreements, arrangements or
understandings with respect to the sale of any of the shares, we cannot
estimate the number of the shares that will be held by the selling
stockholders after completion of the offering. However, for purposes of
this table, we have assumed that, after completion of the offering,
none of the shares covered by this prospectus will be held by the
selling stockholders.