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):
June 3, 1998
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THERMO POWER CORPORATION
(Exact name of Registrant as specified in its charter)
Massachusetts 1-10573 04-2891371
(State or other (Commission (I.R.S. Employer Identification
jurisdiction of File Number) Number)
incorporation or
organization)
81 Wyman Street
Waltham, Massachusetts 02254-9046
(Address of principal executive offices) (Zip Code)
(781) 622-1000
(Registrant's telephone number
including area code)
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Item 5. Other Events
On June 3, 1998, Thermo Power Corporation (the "Company") issued a
press release, attached hereto as Exhibit 99, to announce its intent to conduct
a private offering of $150 to $200 million of its senior debt securities.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits
99 Press Release of the Company, dated June 3,
1998
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, thereunto duly authorized, on this 3rd day of June, 1998.
THERMO POWER CORPORATION
By:/s/ Jane E. Kirk
Jane E. Kirk
Assistant Clerk
EXHIBIT 99
THERMO POWER INTENDS TO CONDUCT
OFFERING OF SENIOR DEBT SECURITIES
WALTHAM, Mass., June 3, 1998 -- Thermo Power Corporation (ASE-THP)
announced today that it intends to conduct an offering of $150 to $200 million
of senior debt securities with an expected maturity of seven to 12 years. This
will be the first time ever that a Thermo Electron company has issued straight
debt. The terms, conditions, and manner of any such offering will be determined
by the company at the time of the offering. Thermo Electron Corporation
(NYSE-TMO), which owns approximately 72 percent of the company's common stock,
will provide a senior guarantee of the payment of such debt securities.
The net proceeds from the offering would be used primarily to repay
indebtedness to Thermo Electron incurred in connection with Thermo Power's
November 1997 acquisition of Peek plc.
The notes to be issued in such offering 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.
The company expects that, shortly after the offering of the notes, it will
conduct an offer to exchange such notes for equivalent notes registered under
the Securities Act, as amended. Any subsequent registered exchange offer for
such notes would be made only by means of a prospectus.
