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) July 2, 1996
Allied Waste Industries, Inc.
(Exact name of registrant as specified in charter)
Delaware
(State or other jurisdiction of incorporation)
0-19285 88-0228636
(Commission File Number) (IRS Employer
Identification No.)
7201 East Camelback Road, Suite 375
Scottsdale, Arizona 85251
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (602) 423-2946
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Allied Waste Industries, Inc. (the "Company") announced the commencement
of a tender offer for its $100 million 12% Senior Subordinated Notes due 2004
(the "Notes") on July 2, 1996. The Company has offered to redeem the Notes
for cash at 114% of face value, or $1,140 per $1,000 note plus accrued
interest, from February 1, 1996 to, but not including, the expiration date of
the offer.
The offer commenced on July 2, 1996 and expires at 5:00 p.m., New York
City time, on July 30, 1996, unless extended by the Company. The offer is
subject to certain conditions including a majority of the Notes being validly
tendered. Jefferies & Company, Inc. is acting on behalf of the Company as
Dealer Manager for the tender offer.
The Company also announced it has received a fully underwritten
commitment from Credit Suisse for a $300 million, three year, revolving
credit facility. Credit Suisse will act as arranger and administrative agent
for the facility. In addition to financing the tender offer, the credit
facility will finance and replace the Company's existing $80 million credit
facility and provide significant additional borrowing capacity to finance
acquisitions and for other general corporate purposes.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant, Allied Waste Industries, Inc., has caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
ALLIED WASTE INDUSTRIES, INC.
By: /s/ PETER S. HATHAWAY
Peter S. Hathaway
Vice President, Chief Accounting Officer
and Treasurer
(Principal Accounting Officer)
Date: July 11, 1996
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