SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 29, 1997
SEI II L.P.
Exact Name of Registrant as Specified in its Charter
New York 02-72177 13-3064636
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On August 29, 1997, SEI II L.P., a New York limited partnership (the
"Partnership"), consummated the sale of its principal asset, a fleet of 25
covered hopper river barges (the "Barges") to Midwest Marine Management Company
("Midwest Marine"), Marine Investments, L.L.C. and Kathryn Rae Towing, Inc. for
$4.3 million in cash (the "Sale"), which represented the highest bid received
by the Partnership during the sales process. Midwest Marine had served as the
operator of the Barges while they were owned by the Partnership. The
Partnership received a disposition fee equal to 5% of the gross sales proceeds
and was reimbursed for legal and advertising expenses related to the sale. The
net proceeds from the Sale were applied to satisfy in full the Partnership's
outstanding debt obligation as outlined in the Partnership's Form 10-Q for the
quarter ended June 30, 1997. After collection of amounts due the Partnership
and providing for the Partnership's remaining liabilities, a final liquidating
distribution will be made to the Limited Partners and the Partnership will be
dissolved.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS:
(a) Financial statement of businesses acquired.
Not applicable.
(b) Pro forma financial information.
The Partnership is currently unable to provide complete pro forma
financial information required as a result of the above transaction. This
financial information will be disclosed in the Partnership's Form 10-Q which
will be filed as soon as practicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SEI II L.P.
BY: SEI II EQUIPMENT INC.
General Partner
Date: September 4, 1997 BY: /s/ Rocco F. Andriola
Rocco F. Andriola
President, Director &
Chief Financial Officer
