ALCO CAPITAL RESOURCE INC
424B2, 1998-01-09
PAPER & PAPER PRODUCTS
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<PAGE>
 
Pricing Supplement No. 25                                     Filing Under
                      ---                                     Rule 424(b)(2)
(To Prospectus Supplement dated June 4, 1997
including the Prospectus dated May 21, 1997)

Trade Date: 1/7/98                                            Registration
           -------------------                                File No.
                                                              333-27141



                              IKON Capital, Inc.
- --------------------------------------------------------------------------------

                              Medium Term Notes


CUSIP: 45171EAM9
      ---------------------------------
Principal Amount: $ 25,000,000           Floating Rate Notes: N/A       
                 ----------------------                      -----------------
Interest Rate (if fixed rate):   5.90%            Interest Rate Basis: N/A 
                         --------------                              ---------
Interest Payment Date(s):     N/A            -Commercial Paper Rate:  
                         --------------                             ----------
 (other than June 15 and December 15)        -Prime Rate:                     
                                                         ---------------------
Regular Record Date(s):       N/A            -LIBOR:
                       ----------------              -------------------------
 (other than May 31 and November 30)         -Treasury Rate:
                                                            ------------------  
Stated Maturity: 01/12/00                    -CD Rate:                          
                -----------------------               ------------------------
Specified Currency: US DOLLARS               -Federal Funds Rate:              
                   --------------------                         --------------
Applicable Exchange Rate (if any): N/A       -Other:                        
                                  -----               ------------------------
   US Dollar $1.00 = N/A                 
                    -------------------
Issue Price (as a percentage of  
             principal amount): 100%       Index Maturity: N/A
                               --------                   --------------------
Selling Agent:                             Spread: N/A                         
  -Lehman Brothers:                               -----------------------------
                   ----------------        Spread Multiplier: N/A               
  -Chase Securities, Inc.:                                    ------------------
                          ---------        Maximum Interest Rate: N/A           
  -Goldman, Sachs & Co:     X                                    -------------- 
                       ------------        Minimum Interest Rate: N/A           
  -Merrill Lynch & Co:                                           -------------- 
                      -------------        Initial Interest Rate: N/A           
  -Other:                                                        -------------- 
         --------------------------          Interest Reset Date(s)             
                                             (if semi-annually or annually):    
Selling Agent's Commission (%): .25%                                            
                               --------      ---------------------------------- 
Purchasing Agent: N/A                          Third Wednesday of: N/A          
                 ----------------------                           ------------- 
Purchasing Agent's Discount or                   Interest Reset Date (if weekly 
   Commission (%): N/A                           monthly, or quarterly):        
                  ---------------------                                 ------- 
Type of Sale:                              Interest Determination Date(s): N/A  
        As Agent: X   As Principal:                                      -----  
                 ----              ----    Calculation Date(s): N/A             
Net proceeds to the Company:$24,937,500                        ---------------- 
                            -----------    Calculation Agent: N/A               
Settlement date                                              ------------------ 
  (original issue date):01/12/98           Interest Payment Date(s): N/A        
                        ---------------                             ----------- 
Redemption Commencement                     (other than June 15 and December 15)
  Date (if any): N/A                       Regular Record Date(s): N/A          
                -----------------------                           ------------- 
                                            (other than May 31 and November 30) 
Redemption Period: N/A                     Interest Reset Period: N/A           
                  ---------------------                          -------------- 
                                                                                
Exchange Rate Agent: N/A                                                        
                    -------------------
Original Issue Discount Security;
        Yes:    No: X                                                          
            ----   ----                                                        
                                         
Form:                                    
        Book Entry: X   Certificated             
                   ---              ---          

Authorized by: /s/ J.F. Quinn
              ------------------------------------------------------


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