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PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(b)(3)
(TO PROSPECTUS DATED JUNE 26, 1998) REGISTRATION NO. 333-45207
EVI WEATHERFORD, INC.
8,050,000 5% CONVERTIBLE SUBORDINATED PREFERRED EQUIVALENT DEBENTURES DUE 2027
($50 PRINCIPAL AMOUNT PER DEBENTURE)
(INTEREST PAYABLE FEBRUARY 1, MAY 1, AUGUST 1 AND NOVEMBER 1)
5,031,250 SHARES OF COMMON STOCK
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This document supplements the Prospectus dated June 26, 1998, relating
to (i) the offering of 8,050,000 5% Convertible Subordinated Preferred
Equivalent Debentures due 2027 (the "Debentures"), having a $50 principal amount
per Debenture, of EVI Weatherford, Inc., a Delaware corporation (the "Company"),
and (ii) 5,031,250 shares of the Company's common stock, $1.00 par value (the
"Common Stock"), which are initially issuable upon conversion of the Debentures
plus such additional indeterminate number of shares of Common Stock as may
become issuable upon conversion of the Debentures as a result of adjustments to
the conversion price (the "Shares"). The Debentures and the Shares are being
offered for the account of the holders thereof (the "Selling Securityholders").
The Debentures were initially acquired from the Company by Morgan Stanley & Co.
Incorporated, Donaldson, Lufkin & Jenrette Securities Corporation, Credit Suisse
First Boston Corporation, Lehman Brothers Inc., Prudential Securities
Incorporated and Schroder & Co. Inc. in November 1997 in connection with a
private offering.
This Prospectus Supplement is hereby incorporated by reference into the
Prospectus and all terms used herein shall have the meaning assigned to them in
the Prospectus. The Common Stock is listed on the New York Stock Exchange (the
"NYSE") under the symbol "EVI." On July 6, 1998, the last reported sales price
for the Common Stock as reported on the NYSE was $36 5/8 per share.
This Prospectus Supplement replaces and supercedes in its entirety the
Prospectus Supplement dated June 26, 1998, and the Selling Securityholders'
information attached to this Prospectus Supplement replaces and supersedes in
its entirety the information set forth for the Selling Securityholders on pages
8, 9, 10 and 11 of the Prospectus.
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SEE "RISK FACTORS" BEGINNING ON PAGE 4 OF THE PROSPECTUS FOR A DESCRIPTION
OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR
HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE
SECURITIES COMMISSION PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.
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The date of this Prospectus Supplement is July 7, 1998.
<PAGE> 2
SELLING SECURITYHOLDERS
The Debentures were originally acquired from the Company by the Initial
Purchasers on November 3, 1997. The Initial Purchasers have advised the Company
that the Initial Purchasers resold the Debentures in transactions exempt from
the registration requirements of the Securities Act (a) within the United States
to "qualified institutional buyers" (as defined in Rule 144A under the
Securities Act) in reliance on Rule 144A under the Securities Act and
institutional "accredited investors" within the meaning of Rule 501(a)(l), (2),
(3) or (7) under the Securities Act, that agreed in writing to comply with the
transfer restrictions and other conditions, and (b) outside the United States to
certain persons in reliance on Regulation S under the Securities Act. These
subsequent purchasers, or their transferees, pledgees, donees or successors, may
from time to time offer and sell any or all of the Debentures and/or Shares
pursuant to this Prospectus.
The Debentures and the Shares are being registered pursuant to the
Registration Rights Agreement dated as of November 3, 1997, between the Company
and the Initial Purchasers (the "Registration Rights Agreement"), pursuant to
which the Company filed the Registration Statement with regard to the Debentures
and the Shares and which requires that the Company keep the Registration
Statement effective until the earlier of (i) the sale pursuant to the
Registration Statement or Rule 144 under the Securities Act of all the
Debentures and the Shares and (b) the expiration of the holding period
applicable to sales of such securities under Rule 144(k) under the Securities
Act, or any successor provision.
The Selling Securityholders named herein have advised the Company that they
currently intend to sell the Debentures and Shares set forth below pursuant to
this Prospectus. Additional Selling Securityholders may choose to sell the
Debentures and Shares from time to time upon notice to the Company. See "Plan of
Distribution".
Prior to any use of this Prospectus in connection with an offering of the
Debentures and Shares, this Prospectus will be supplemented to set forth the
name and number of shares beneficially owned by the Selling Securityholder
intending to sell such Debentures and Shares and the number of Debentures and
Shares to be offered. The Prospectus Supplement will also disclose whether any
Selling Securityholder selling in connection with such Prospectus Supplement has
held any position, office or other material relationship with the Company or any
of its predecessors or affiliates during the three years prior to the date of
the Prospectus Supplement.
Based solely on information provided by the Selling Securityholders, the
following table sets forth certain information with respect to the Debentures
and the Shares beneficially owned by each Selling Securityholder and the number
of such securities that may be sold pursuant to this Prospectus:
<TABLE>
<CAPTION>
NUMBER OF NUMBER OF NUMBER OF NUMBER OF
DEBENTURES SHARES DEBENTURES SHARES
NAME OF BENEFICIALLY BENEFICIALLY TO BE TO BE
SELLING SECURITYHOLDER OWNED(1) OWNED(2) SOLD(3) SOLD(3)
---------------------- ------------ ------------ ---------- ---------
<S> <C> <C> <C> <C>
ABN-AMRO Incorporated.................................... 225,000 140,625 225,000 --
AIM Charter Fund......................................... 300,000 187,500 300,000 --
AIM V.I. Growth & Income................................. 50,000 31,250 50,000 --
Alexandra Global Investment Fund, I...................... 45,000 28,125 45,000 --
Allegheny Teledyne Inc. Pension Plan(4).................. 78,200 48,875 78,200 --
Allstate Insurance Company(5)............................ 60,000 37,500 60,000 --
Allstate Life Insurance Company(5)....................... 100,000 62,500 100,000 --
Alscott Investments, LLC(4).............................. 60,700 37,937 60,700 --
American Investors Life Insurance Company(6)............. 15,000 9,375 15,000 --
Argent Classic Convertible Arbitrage Fund L.P............ 25,000 15,625 25,000 --
Argent Classic Convertible Arbitrage Fund (Bermuda)
L.P.................................................... 130,000 81,250 130,000 --
Arkansas PERS............................................ 30,000 18,750 30,000 --
Associated Electric and Gas Insurance Services Limited... 10,000 6,250 10,000 --
Bank of America Convertible Securities Fund.............. 5,600 3,500 5,600 --
Colgate-Palmolive Company Pension Fund(4)................ 4,500 2,812 4,500 --
Common Fund(4)........................................... 3,400 2,125 3,400 --
Credit Suisse First Boston Corporation................... 105,000 65,625 105,000 --
Davis Convertible Securities Fund........................ 70,000 43,750 70,000 --
Delaware PERS............................................ 25,000 15,625 25,000 --
Deutsche Bank A.G........................................ 100,000 62,500 100,000 --
</TABLE>
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<TABLE>
<CAPTION>
NUMBER OF NUMBER OF NUMBER OF NUMBER OF
DEBENTURES SHARES DEBENTURES SHARES
NAME OF BENEFICIALLY BENEFICIALLY TO BE TO BE
SELLING SECURITYHOLDER OWNED(1) OWNED(2) SOLD(3) SOLD(3)
---------------------- ------------ ------------ ---------- ---------
<S> <C> <C> <C> <C>
Deutsche Bank Securities, Inc............................ 38,300 23,938 38,300 --
Donaldson, Lufkin & Jenrette Securities Corporation(7)... 1,093,600 683,500 1,093,600 --
Employee Benefit Convertible Fund........................ 3,200 2,000 3,200 --
Estate of Carol G. Simon(4).............................. 7,000 4,375 7,000 --
Federated Equity Funds, a Massachusetts business trust,
on behalf of its Federated Capital Appreciation Fund... 34,000 31,250 34,000 --
Federated Equity Income Fund, Inc.(8).................... 624,800 390,500 624,800 --
Federated Insurance Series, a Massachusetts business
trust, on behalf of its Federated Equity Income Fund
II..................................................... 10,200 6,375 10,200 --
Fidelity Financial Trust:
Fidelity Convertible Securities Fund(9)................ 30,000 2,419,800(10) 30,000 --
Franklin Custodian Funds -- Income Fund(11).............. 1,100,000 687,500 1,100,000 --
Franklin Investors Securities Trust -- Convertible
Securities Fund........................................ 20,000 12,500 20,000 --
Franklin Valuemark Income Securities Fund................ 110,000 68,750 110,000 --
Frederic C. Hamilton(4).................................. 10,300 6,437 10,300 --
GEM Convertible Securities Partners, L.P................. 41,600 26,000 41,600 --
General Motors Employees Domestic Group Pension
Trust(12).............................................. 118,350 73,968 118,350 --
General Motors Foundation, Inc.(12)...................... 4,350 2,718 4,350 --
General Motors Investment Management Corp.(6)............ 75,000 46,875 75,000 --
Golden Rule Insurance Company(4)......................... 56,300 35,187 56,300 --
Hawaiian Airlines Pension Plan for Salaried Employees.... 400 250 400 --
Hawaiian Airlines Employees Pension Plan-IAM............. 1,500 937 1,500 --
HSBC Securities Inc...................................... 73,000 45,625 73,000 --
ICI American Holdings Trust.............................. 11,000 6,875 11,000 --
J.P. Morgan & Co. Incorporated........................... 265,000 170,227 265,000 --
Kapiolani Medical Systems................................ 4,000 2,500 4,000 --
Lakeside Capital L.L.C................................... 1,900 1,188 1,900 --
Lazard Freres & Co. LLC.................................. 47,600 29,750 47,600 --
Lincoln National Convertible Securities Fund(13)......... 47,875 29,921 47,875 --
MainStay Convertible Fund(14)............................ 171,000 106,875 171,000 --
MainStay Strategic Value Fund(14)........................ 4,000 2,500 4,000 --
MainStay VP Convertible Portfolio(14).................... 30,000 18,750 30,000 --
Mark IV Industries, Inc. and Subsidiaries Master
Trust(4)............................................... 2,000 1,250 2,000 --
McMahan Securities Company, L.P.......................... 4,825 3,016 4,825 --
Merrill, Lynch, Pierce, Fenner & Smith, Inc.............. 85,000 53,125 85,000 --
MFS Series Trust I -- MFS Convertible Securities Fund.... 200 125 200 --
MFS Series Trust V -- MFS Total Return Fund.............. 59,800 37,375 59,800 --
Motors Insurance Corporation(15)......................... 37,300 23,312 37,300 --
Mount Sinai School of Medicine(4)........................ 2,600 1,625 2,600 --
Nalco Chemical Retirement Trust.......................... 5,000 3,125 5,000 --
NationsBanc Montgomery Securities LLC.................... 50,000 31,250 30,000 --
Nationwide Family of Funds, on behalf of its Nationwide
Equity Income Fund..................................... 800 500 800 --
New York Life Separate Account #7(14).................... 10,000 6,250 10,000 --
Oppenheimer Convertible Securities Fund -- Bond Fund
Series................................................. 100,000 62,500 100,000 --
Pacific Horizon Capital Income Fund...................... 97,000 60,625 97,000 --
Pacific Innovation Trust Capital Income Fund............. 4,000 2,500 4,000 --
PaineWebber Balanced Fund, a series of PaineWebber Master
Series, Inc............................................ 13,000 8,125 13,000 --
PaineWebber Growth and Income Fund, a series of
PaineWebber America Fund............................... 63,000 39,375 63,000 --
PaineWebber Series Trust -- Balanced Portfolio........... 2,800 1,750 2,800 --
PaineWebber Series Trust -- Growth and Income
Portfolio.............................................. 1,200 750 1,200 --
Paloma Securities L.L.C.................................. 70,000 71,650 70,000 --
Phoenix Convertible Fund................................. 42,000 26,250 42,000 --
Pitney Bowes Retirement Fund(4).......................... 59,000 36,875 59,000 --
PRIM Board............................................... 46,000 28,750 46,000 --
Public Employees' Retirement Association of Colorado..... 70,000 114,250 70,000 --
Regence Blue Cross Blue Shield of Idaho(6)............... 1,000 625 1,000 --
Retirement Plan for Pilots of Hawaiian Airlines.......... 2,500 1,562 2,500 --
</TABLE>
3
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<TABLE>
<CAPTION>
NUMBER OF NUMBER OF NUMBER OF NUMBER OF
DEBENTURES SHARES DEBENTURES SHARES
NAME OF BENEFICIALLY BENEFICIALLY TO BE TO BE
SELLING SECURITYHOLDER OWNED(1) OWNED(2) SOLD(3) SOLD(3)
---------------------- ------------ ------------ ---------- ---------
<S> <C> <C> <C> <C>
Schroder & Co. Inc....................................... 20,000 12,500 20,000 --
Saudi International Bank................................. 60,000 37,500 60,000 --
Shepherd Investments International Ltd.(16).............. 884,900 553,062 884,900 --
Stark International(17).................................. 402,150 251,343 402,150 --
Starvest Discretionary................................... 10,000 6,250 10,000 --
State of Oregon/SAIF Corporation......................... 100,000 62,500 100,000 --
State of Oregon Equity................................... 95,000 59,375 95,000 --
The Gabelli Global Convertible Securities Fund........... 4,000 2,500 4,000 --
The Lutheran Church-Missouri Synod....................... 45,000 28,125 45,000 --
The Northwestern Mutual Life Insurance Company........... 200,000(18) 351,700(19) 200,000(18) --
The TCW Group, Inc....................................... 188,200 117,625 188,200 --
The Value Line Income Fund............................... 40,000 25,000 40,000 --
TQA Vantage Plus, Ltd.................................... 12,500 7,812 12,500 --
TQA Vantage Fund, Ltd.................................... 25,000 15,625 25,000 --
TQA Leverage Fund, L.P................................... 12,500 7,812 12,500 --
TQA Arbitrage Fund, L.P.................................. 50,000 31,250 50,000 --
United National Insurance(13)............................ 2,275 1,421 2,275 --
United States Olympic Foundation(4)...................... 22,500 14,062 22,500 --
Van Kampen American Capital Convertible Securities
Fund(20)............................................... 15,000 9,375 15,000 --
Van Kampen American Capital Harbor Fund(20).............. 40,000 25,000 40,000 --
Walker Art Center(13).................................... 5,515 3,446 5,515 --
Weirton Trust(13)........................................ 14,335 8,959 14,335 --
Wenonah Development Company.............................. 22,000 13,750 22,000 --
Xerox Corporation Profit Sharing Plan(4)................. 26,900 16,812 26,900 --
ZENECA Holdings Trust.................................... 11,000 6,875 11,000 --
</TABLE>
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(1) None of the Selling Securityholders beneficially own one percent or more of
the outstanding Debentures or Shares, except for AIM Charter Fund, Argent
Classic Convertible Arbitrage Fund (Bermuda) L.P., Donaldson, Lufkin &
Jenrette Securities Corporation, Federated Equity Income Fund, Inc.,
Franklin Custodian Funds -- Income Fund, Franklin Valuemark Income
Securities Fund, General Motors Employees Domestic Group Pension Trust,
J.P. Morgan & Co. Incorporated, MainStay Convertible Fund, Pacific Horizon
Capital Income Fund, Shepard Investments International Ltd., Stark
International, State of Oregon/SAIF Corporation, The Northwestern Mutual
Life Insurance Company and The TCW Group, Inc., which own 3.7%, 1.6%,
13.6%, 7.8%, 13.7%, 1.4%, 1.5%, 3.3%, 2.1%, 1.2%, 11.0%, 5.0%, 1.2%, 2.5%
and 2.3% of the Debentures, respectively.
(2) Includes shares of Common Stock issuable upon conversion of the Debentures.
(3) Because a Selling Securityholder may sell all or a portion of the
Debentures and the Shares pursuant to this Prospectus, no estimate can be
given as to the number and percentages of Debentures or Shares that will be
held by the Selling Securityholder upon termination of any such sales.
(4) GEM Capital Management, Inc. serves as investment advisor and, in its
capacity as such, has investment discretion with respect to the Debentures
and Shares.
(5) Allstate Insurance Company is the parent company of Allstate Life
Insurance Company.
(6) Salomon Brothers Asset Management Inc. serves as discretionary investment
advisor and, in its capacity as such, has sole voting and investment power
over the Debentures and Shares.
(7) The address for Donaldson, Lufkin & Jenrette Securities Corporation is
277 Park Avenue, New York, New York 10172.
(8) The address for Federated Equity Income Fund is Federated Investors
Tower, 1001 Liberty Avenue, Pittsburgh, Pennsylvania 15222-3779.
(9) Fidelity Management & Research Company ("Fidelity"), a wholly owned
subsidiary of FMR Corp. ("FMR") and a registered investment adviser, is the
beneficial owner of 30,000 Debentures, and the underlying 18,750 shares of
Common Stock, as a result of acting as investment adviser to Fidelity:
Financial Trust: Fidelity Convertible Securities Fund (the "Fund").
Fidelity's and FMR's address is 82 Devonshire Street, Boston, Massachusetts
02109.
4
<PAGE> 5
(10) FMR is deemed to be the beneficial owner of the 30,000 Debentures and an
aggregate of 2,419,800 shares of Common Stock, consisting of 18,750 shares
of Common Stock issuable upon conversion of the Debentures and an
additional 2,401,050 shares of Common Stock (representing approximately
5.0% of the outstanding shares of Common Stock).
(11) The address for Franklin Custodian Funds -- Income Fund is 777 Mariners
Island Blvd., 7th Floor, San Mateo, California 94404.
(12) General Motors Investment Management Corporation serves as investment
advisor and, in its capacity as such, has sole voting and investment power
over the Debentures and Shares.
(13) Lynch & Mayer, Inc. serves as investment advisor and, in its capacity as
such, has shared investment power over the Debentures and Shares.
(14) MacKay-Shields Financial Corp. serves as investment advisor and, in its
capacity as such, has shared voting and investment power over the
Debentures and Shares.
(15) General Motors Investment Management Corporation serves as investment
advisor and, in its capacity as such, has sole voting and investment power
over 27,300 Debentures. Salomon Brothers Asset Management Inc. serves as
discretionary investment advisor and, in its capacity as such, has sole
voting and investment power over 10,000 Debentures.
(16) The address for Shepard Investments International Ltd. is 1500 West Market
Street, Suite 200, Mequon, Wisconsin 53092.
(17) The address for Stark International is 1500 West Market Street, Suite 200,
Mequon, Wisconsin 53092.
(18) Includes 10,000 Debentures held in the Northwestern Mutual Life Insurance
Company Group Annuity Separate Account. The Northwestern Mutual Life
Insurance Company has shared voting and shared investment power with
respect to these 10,000 Debentures.
(19) Includes 51,550 shares, including the 6,250 shares of Common Stock issuable
upon conversion of the Debentures described in note 18, held in The
Northwestern Mutual Life Insurance Company Group Annuity Separate Account.
The Northwestern Mutual Life Insurance Company has shared voting and shared
investment power with respect to these shares.
(20) Van Kampen American Capital Asset Management, Inc. serves as investment
advisor and, in such capacity, has discretionary authority to make
investment decisions with respect to the Debentures and Shares.
None of the Selling Securityholders named above have, within the past three
years, held any position, office or other material relationship with the Company
or any of its predecessors or affiliates, except as noted above.
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