SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
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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: April 27, 1998
FINANCIAL FEDERAL CORPORATION
(Exact name of Registrant as specified in its charter)
Nevada 1-12006 88-0244792
(State of incorporation) (Commission file number) (I.R.S. Employer
Identification No.)
400 Park Avenue, New York, New York 10022
(Address of principal executive offices)
(Zip Code)
(212) 888-3344
(Registrant's telephone number, including area code)
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Item 5. OTHER EVENTS
See attached Exhibit 99.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) Exhibits:
99 Press Release of Financial Federal Corporation dated
April 24, 1998
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
99 Press Release of Financial Federal Corporation dated
April 24, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Financial
Federal Corporation has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
FINANCIAL FEDERAL CORPORATION
By: /s/ Michael C. Palitz
Executive Vice President
and Treasurer
April 27, 1998
(Date)
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Exhibit 99
FOR IMMEDIATE RELEASE
CONTACT: Jeanne McDonald, Vice President
(212) 888-3344
FINANCIAL FEDERAL CORPORATION ANNOUNCES PLACEMENT OF
$100 MILLION OF 4-1/2% CONVERTIBLE SUBORDINATED NOTES DUE 2005
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NEW YORK, NY: April 24, 1998 - Financial Federal Corporation
("FIF" - ASE) today announced that it has placed $100 million of
its 4-1/2% Convertible Subordinated Notes due May 1, 2005 (the
"Notes") in an offering to qualified institutional buyers, a
limited number of institutional accredited investors and a
limited number of affiliates of FIF. The Notes are convertible
into the Common Stock of the Company at a conversion price of
$30.15625 per share. The Notes are callable at the option of the
Company after three years.
The Company anticipates that the net proceeds from the sales of
the Notes will be initially used to reduce outstanding
borrowings.
The Notes and the Common Stock issuable upon the conversion
thereof have not been registered under the Securities Act of 1933
or state securities laws and may not be sold in the United States
absent registration or qualification or any applicable exemption
from the registration or qualification requirements.
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