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
May 15, 2000
---------------------------------
(Date of earliest event reported)
SAFETY-KLEEN CORP.
------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Delaware 001-8368 51-0228924
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
1301 Gervais Street, Suite 300,
Columbia, South Carolina 29201
(Address of principal executive offices, including zip code)
(803) 933-4200
----------------------------------------------------
(Registrant's telephone number, including area code)
Not Applicable
---------------------------------
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
On May 15, 2000, the registrant issued the press release filed with this Current
Report on Form 8-K as Exhibit 99.1. The information contained in Exhibit 99.1 is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
- ----------- -------------------------------------
99.1 Press Release issued May 15, 2000 (Filed herewith.)
<PAGE>
SIGNATURE
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 hereunto duly authorized.
SAFETY-KLEEN CORP.
Date: May 17, 2000 By: /s/ Grover C. Wrenn
-------------------
Grover C. Wrenn
Vice Chairman
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Press Release issued May 17, 2000 (Filed herewith.)
<PAGE>
Exhibit 99.1
FOR IMMEDIATE RELEASE Media Contact: Wade Gates
May 15, 2000 803-933-4224
Investor Relations
803-933-4285
SAFETY-KLEEN WILL NOT MAKE INTEREST PAYMENT
(Columbia, SC) - Safety-Kleen Corp. (NYSE:SK) announced today that the
Company is prohibited from making an interest payment on the Company's 9 1/4
percent Senior Notes due 2009. In accordance with the terms of the agreement
between the Company and its senior bank lenders, described in the Company's
press release dated April 14, 2000, the Company will not make the interest
payment of $10.4 million due today.
Under the Private Securities Litigation Reform Act of 1995, sections of
this release constitute forward-looking statements that involve a number of
risks and uncertainties. Actual results and events may differ materially from
those projected in the forward-looking statements. Many factors could cause
actual events and results to differ from those expected, including, but not
limited to the outcome of continuing negotiations with Safety-Kleen's lenders,
the availability of additional funding under credit facilities or from other
sources, and other items discussed in the Company's filings with the Securities
and Exchange Commission.
# # #
