SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
--------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: April 16, 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)
1
<PAGE>
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 16, 1998
2
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibit
99 Press Release of Financial Federal Corporation dated
April 16, 1998
3
<PAGE>
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 16, 1998
(Date)
4
<PAGE>
Exhibit 99
FOR IMMEDIATE RELEASE
CONTACT: Jeanne McDonald, Vice President
(212) 888-3344
FINANCIAL FEDERAL ANNOUNCES PROPOSED CONVERTIBLE
SUBORDINATED NOTE OFFERING
NEW YORK, NY: April 16, 1998 - Financial Federal Corporation
("Financial Federal") (AMEX symbol: "FIF"), today announced that
it intends, subject to market conditions, to raise approximately
$100 million through an offering of its Convertible Subordinated
Notes due 2005 (the "Notes") to qualified institutional buyers, a
limited number of institutional accredited investors and a
limited number of affiliates of Financial Federal.
The Notes will be callable at the option of Financial Federal
after three years, and will be immediately convertible into
Common Stock of Financial Federal. The Company has also granted
the initial purchasers an option for 30 days to purchase up to an
additional $15 million of Notes to cover over-allotments, if any.
The Company anticipates that the net proceeds from the sales of
the Notes will be used primarily 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 an applicable exemption
from the registration or qualification requirements.
###
5
<PAGE>
