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 7, 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 7, 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"), is offering pursuant to Rule 144A
under the Securities Act of 1933 $1.5 billion in senior unsecured notes. The
securities offered consist of $200 million aggregate principal amount of Senior
Notes due 2003; $500 million aggregate principal amount of Senior Notes due
2005; and $800 million aggregate principal amount of Senior Notes due 2008 (the
"Senior Notes").
AWNA intends to use a portion of the proceeds from the proposed sale of these
notes to fund the previously announced cash tender offer to purchase all of its
10.25% Senior Subordinated Notes due 2006 and all of the 11.30% Senior Discount
Notes due 2007 of its parent, Allied. The remaining proceeds will be used to
repay borrowings under its outstanding credit facility 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/ HENRY L. HIRVELA
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Henry L. Hirvela
Vice President and Chief Financial Officer
(Principal Financial Officer)
By: /s/ JAMES S. ENG
-----------------------------------------
James S. Eng
Corporate Controller
(Principal Accounting Officer)
Date: December 8, 1998
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