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) FEBRUARY 19, 1998
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)
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ITEM 5. OTHER EVENTS.
On February 19, 1998, Interpool, Inc. entered into an agreement to sell
$100 million aggregate principal amount of 6-5/8% Notes due 2003. The
transaction closed on February 24, 1998. The 6-5/8% Notes were sold in a private
transaction pursuant to Rule 144A under the Securities Act of 1933, as amended.
Interpool expects to use the net proceeds from the issuance of the 6-5/8%
Notes, estimated at approximately $99 million, to repay all outstanding
borrowings under its revolving credit agreement and for general corporate
purposes, including, but not limited to, the purchase of equipment, acquisitions
and/or working capital.
The 6-5/8% Notes will not be registered under the Securities Act of 1933,
as amended 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
Name: Richard W. Gross
Title: Senior Vice President
Dated: February 24, 1998
Exhibit 99.1
CONTACT: RAOUL J. WITTEVEEN
(212) 916-3261
NEWS FOR IMMEDIATE RELEASE
INTERPOOL ANNOUNCES SALE OF 6-5/8% NOTES DUE 2003
PRINCETON, NJ, February 19, 1998 - Interpool, Inc. (NYSE:IPX) announced today
that it has entered into an agreement to sell $100 million aggregate principal
amount of 6-5/8% Notes due 2003. The transaction is expected to close on
February 24, 1998. The Notes are being sold in a private transaction pursuant to
Rule 144A under the Securities Act of 1933.
Interpool expects to use the net proceeds from the issuance of the Notes,
estimated at approximately $99 million, to repay all outstanding borrowings
under its revolving credit agreement and for other general corporate purposes,
including, but not limited to, the purchase of equipment, acquisitions and/or
working capital.
Interpool, originally founded in 1968, is one of the world's leading lessors of
cargo containers used in international trade 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 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.
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