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) December 23, 1998
ALLIED WASTE INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization.)
0-19285 88-0228636
(Commission File Number) (IRS Employer Identification No.)
15880 North Greenway-Hayden Loop, Suite 100
Scottsdale, Arizona 85260
(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
On December 23, 1998, Allied Waste Industries, Inc. ("Allied") announced that
Allied Waste North America, Inc., its direct, wholly-owned subsidiary, ("AWNA",
and together with Allied, the "Company"), successfully completed its $1.7
billion debt offering (the "Senior Notes"), (previously announced as $1.5
billion) as a private placement under Rule 144A, and the previously announced
cash tender offer to purchase all of its 10.25% AWNA notes (the "AWNA Notes")
and 11.30% Allied discount notes (the "Discount Notes") (collectively, "Tender
Offer"). The Company confirmed that 100% of the outstanding principal amounts of
the AWNA Notes and the Discount Notes were tendered and accepted for payment.
The $1.7 billion Senior Notes offering was issued as follows:
$225 million of 7 3/8% Senior
Notes due 2004 $600 million of
7 5/8% Senior Notes due 2006
$875 million of 7 7/8% Senior
Notes due 2009
Approximately $982 million of the proceeds from the sale of these notes was used
to fund the Tender Offer with the remaining proceeds used to repay borrowings
under the Company's outstanding bank credit facility and other debt and for
general corporate purposes.
The offer of the Senior Notes has not been registered under the Securities Act
of 1933 (the "Securities Act") and may not be offered or sold in the United
States absent registration under the Securities Act or an exemption from the
registration requirements of the Securities Act.
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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
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Vice President
and Chief Accounting Officer
Date: December 23, 1998
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