SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 (date of earliest event reported) JULY 31, 1997
INTERPOOL, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 001-11862 13-3467669
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
211 COLLEGE ROAD EAST, PRINCETON, NEW JERSEY 08540
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (609) 452-8900
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(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
On July 31, 1997, Interpool, Inc. entered into an agreement to sell $75
million aggregate principal amount of 7.20% Notes due 2007. The transaction is
expected to close on August 5, 1997. The 7.20% Notes are being sold in a private
transaction pursuant to Rule 144A under the Securities Act of 1933. These 7.20%
Notes are in addition to the $150 million aggregate principal amount of 7.35%
Notes due 2007, which were sold by the Company on July 29, 1997.
Interpool expects to use the net proceeds from the issuance of the 7.20%
Notes, estimated at approximately $74 million, for general corporate purposes,
which may include repayment of secured indebtedness of the Company and/or its
subsidiaries, the purchase of equipment, acquisitions and/or working capital.
The 7.20% Notes will not be registered under the Securities Act of 1933 and
may not be offered or sold in the United States or to any U.S. person absent
registration or an applicable exemption from registration requirements.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired. - Not applicable.
(b) Pro Forma Financial Information. - Not applicable.
(c) Exhibits.
99.1 - Press release.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INTERPOOL, INC.
By:/S/ RICHARD W. GROSS
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Name: Richard W. Gross
Title: Senior Vice President
Dated: August 4, 1997
Exhibit 99.1
CONTACT: RAOUL J. WITTEVEEN
(212) 916-3261
NEWS FOR IMMEDIATE RELEASE
INTERPOOL ANNOUNCES SALE OF 7.20% NOTES DUE 2007
PRINCETON, NJ, August 1, 1997 - Interpool, Inc. (NYSE:IPX) announced today that
it has entered into an agreement to sell $75 million aggregate principal amount
of 7.20% Notes due 2007. The transaction is expected to close on August 5, 1997.
The 7.20% Noes are being sold in a private transaction pursuant to Rule 144A
under the Securities Act of 1933. The 7.20% Notes are in addition to the $150
million of 7.35% Notes Due 2007 which closed on July 29, 1997.
Interpool expects to use the net proceeds from the issuance of the 7.20% Notes,
estimated at approximately $74 million, for general corporation purposes, which
may include repayment of secured indebtedness of the company and/or its
subsidiaries, the purchase of equipment, acquisitions and/or working capital.
Interpool, originally founded in 1968, is one of the world's leading lessors of
intermodal dry cargo containers and is the second largest lessor of intermodal
container chassis in the United States. The company leases its containers and
chassis to over 200 customers, including nearly all of the world's 20 largest
international container shipping lines.
The 7.20% Notes will not be registered under the Securities Act of 1933 and may
not be offered of sold in the United States or to any U.S. Person absent
registration or an applicable exemption from registration requirements.
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