ALCO CAPITAL RESOURCE INC
424B2, 1998-01-09
PAPER & PAPER PRODUCTS
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<PAGE>
 
 
Pricing Supplement No. 26                                     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: $ 15,000,000           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           Index Maturity: N/A                  
             principal amount):                         --------------------- 
                               --------   Spread: N/A                         
Selling Agent:                                   -----------------------------  
  -Lehman Brothers:                       Spread Multiplier: N/A                
                   ----------------                         ------------------  
  -Chase Securities, Inc.: X              Maximum Interest Rate: N/A            
                          ---------                             --------------  
  -Goldman, Sachs & Co:                   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%        ----------------------------------  
                               --------       Third Wednesday of: N/A           
Purchasing Agent: N/A                                            -------------  
                 ----------------------         Interest Reset Date (if weekly, 
Purchasing Agent's Discount or                  monthly, or quarterly):         
   Commission (%): N/A                                                 -------  
                  ---------------------   Interest Determination Date(s): N/A   
Type of Sale:                                                           -----   
        As Agent: X   As Principal:       Calculation Date(s): N/A              
                 ----              ----                       ----------------  
Net proceeds to the Company:$14,962,500   Calculation Agent: N/A                
                            -----------                     ------------------  
Settlement date                           Interest Payment Date(s): N/A         
  (original issue date):    1/12/98                                -----------  
                        ---------------    (other than June 15 and December 15) 
Redemption Commencement                   Regular Record Date(s): N/A           
  Date (if any): 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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