SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): February 14, 1997
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INSITUFORM TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-10786 13-3032158
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1770 Kirby Parkway, Suite 300, Memphis, Tennessee 38118
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (901) 759-7473
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Item 5. Other Events.
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On February 14, 1996, the Registrant announced the
completion of the sale, in a private transaction, of $110,000,000
principal amount of its 7.88% Senior Notes, Series A, due February
14, 2007. For additional information with respect to this
transaction, reference is hereby made to the Registrant's press
release issued February 14, 1997 annexed to this current report as
Exhibit 99, the text of which is hereby incorporated by reference.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
The exhibit filed as part of this Current Report on Form
8-K is listed in the attached Index to Exhibits.
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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.
INSITUFORM TECHNOLOGIES, INC.
By s/William A. Martin
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William A. Martin
Senior Vice President
Dated: February 20, 1997
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INDEX TO EXHIBITS
Exhibit Description
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99 - Press Release of the Registrant issued February 14,
1997
CONTACT: -or- ITI's INVESTOR RELATIONS COUNSEL:
Insituform Technologies, Inc. The Equity Group Inc.
Anthony W. Hooper, Pres. & CEO Linda Latman
(901) 759-7403 (212) 836-9609
FOR IMMEDIATE RELEASE
Memphis, TN - February 14, 1997 - Insituform Technologies, Inc.
(the "Company") [Nasdaq National Stock Market: INSUA], announced
today that it had completed the sale, in a private transaction, of
$110,000,000 principal amount of its 7.88% Senior Notes, Series A,
due February 14, 2007 (the "Notes"). Of the proceeds from the sale,
an aggregate of approximately $85.0 million was applied to the
refinancing of outstanding indebtedness of the Company. The
remainder of the proceeds will be used for general corporate
purposes.
The Notes have not been registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements of said Act and applicable state
securities laws.
Insituform Technologies, Inc. is a worldwide provider of
proprietary trenchless technologies for the rehabilitation and
improvement of sewer, water, gas and industrial pipe. The Company
owns the worldwide rights to the Insituform(R) and NuPipe(R)
processes and exercises the exclusive rights in substantially all
of North America to the PALTEM(R) system and certain other products
under a license from Ashimori Industry Co., Ltd. The Company also
owns the worldwide rights to the Tite Liner(R) process used to
protect or restore pipes effected by abrasion or corrosion. Through
its Affholder, Inc. subsidiary, the Company is also engaged in
trenchless tunnelling used in the installation of new underground
services. By providing specialized rehabilitation technologies
which eliminate or minimize disruptive digging, the Company
provides cost-effective solutions for problems caused by
deteriorated pipe systems.
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