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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): May 18, 1998 (May 13, 1998)
Laidlaw Environmental Services, Inc.
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(Exact name of Company as specified in its charter)
Delaware 1-8368 51-0228924
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification
of incorporation) Number)
1301 Gervais Street, Suite 300, Columbia, South Carolina 29201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 933-4200
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ITEM 5. OTHER EVENTS
In a press release, on May 13, 1998 Laidlaw Environmental Services,
Inc. ("LESI") (NYSE:LLE) said it intends to offer, through its wholly-owned
subsidiary, LES, Inc., $300 million of Senior Subordinated Guaranteed Notes. The
net proceeds from the sale of the Notes will be used to repay a portion of its
outstanding senior debt. Completion of the Notes offering is subject to market
conditions. The full text of the announcement is reproduced below.
FOR IMMEDIATE RELEASE
CONTACT: KENNETH W. WINGER
PRESIDENT AND CHIEF EXECUTIVE OFFICER
PAUL R. HUMPHREYS
SENIOR VICE PRESIDENT, FINANCE AND CHIEF FINANCIAL OFFICER
(803) 933-4210
LAIDLAW ENVIRONMENTAL TO OFFER SENIOR SUBORDINATED NOTES
COLUMBIA, SC (MAY 13, 1998) - Laidlaw Environmental Services, Inc., (NYSE:LLE)
said it intends to offer, through its wholly-owned subsidiary, LES, Inc., $300
million of Senior Subordinated Guaranteed Notes. The net proceeds from the sale
of the Notes will be used to repay a portion of its outstanding senior debt.
Completion of the Notes offering is subject to market conditions.
Laidlaw Environmental Services, Inc., headquartered in Columbia, South Carolina,
supplies hazardous and industrial waste management services to industry and
government across North America. The company provides customers with local
service from more than 100 locations in the United States and Canada.
The securities have not been and will not be registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements. This communication
shall not constitute an offer to sell or the solicitation of an offer to buy the
securities.
Forward-looking statements in this news release, if any, are made under the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Certain important factors could cause the Company not to issue the
above-mentioned securities, including the impact of changing economic or
business conditions, unfavorable interest rates and other risk factors discussed
from time to time in reports filed by the Company with the Securities and
Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LAIDLAW ENVIRONMENTAL SERVICES, INC.
Date: May 18, 1998 By: /s/ Kenneth W. Winger
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Kenneth W. Winger, President
and Chief Executive Officer
