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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
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Date of Report (Date of Earliest Event Reported): January 14, 1997
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Leucadia National Corporation
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(Exact Name of Registrant as Specified in its Charter)
New York
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(State or Other Jurisdiction of Incorporation)
1-5721 13-2615557
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(Commission File Number) (I.R.S. Employer
Identification No.)
315 Park Avenue South, New York, N.Y. 10010
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(Address of Principal Executive Offices) (Zip Code)
(212) 460-1900
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
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The information set forth in the press release issued by
Leucadia National Corporation, attached hereto as Exhibit 99.1, is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Statements and
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Exhibits
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(c) Exhibits
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99.1 Press release of Leucadia National Corporation dated
January 14, 1997.
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SIGNATURE
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 hereunto duly authorized.
LEUCADIA NATIONAL CORPORATION
By: /s/ Barbara L. Lowenthal
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Barbara L. Lowenthal
Vice President and
Comptroller
Date: January 14, 1997
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EXHIBIT INDEX
Item No.
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99.1 Press release of Leucadia National Corporation dated
January 14, 1997.
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EXHIBIT 99.1
LEUCADIA NATIONAL CORPORATION
315 PARK AVE. SOUTH
NEW YORK, NEW YORK 10010
212-460-1900
Press Release
FOR IMMEDIATE RELEASE
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January 14, 1997
Contact: Ruth Klindtworth
(212) 460-1900
LEUCADIA NATIONAL CORPORATION ANNOUNCES COMMITMENT
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FOR PRIVATE PLACEMENT
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OF TRUST ISSUED PREFERRED SECURITIES
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New York, New York, January 14, 1997 -- Leucadia National Corporation
(LUK - NYSE and PSE) announced today that it has entered into a
purchase agreement for the private placement in reliance on Rule 144A
of $150 million aggregate liquidation amount of trust issued preferred
securities of its subsidiary, Leucadia Capital Trust I. The Capital
Securities will bear interest at a rate of 8.65%, will have a maturity
date of January 15, 2027 and will represent undivided beneficial
interests in the Trust's assets, which will consist solely of 8.65%
Junior Subordinated Deferrable Interest Debentures due 2027 of
Leucadia. The securities of the trust and the junior subordinated debt
of Leucadia initially will be offered in a private placement under
Rule 144A, will not be registered under the United States Securities
Act and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements. It is anticipated that closing of the private placement
will occur on Tuesday, January 21, 1997. Net proceeds of the sale
will be used for general corporate purposes, which may include
possible acquisitions and investment opportunities.
While Leucadia continuously investigates possible investment
opportunities, it does not normally comment on opportunities under
consideration. However, because of this private placement and
erroneous information which appeared yesterday in the Israeli press,
Leucadia confirms that it is exploring an investment in a
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vehicle headed by Jeffrey C. Keil, which is negotiating to acquire a
substantial equity position in Bank Hapoalim from the Israeli
government. However, Leucadia has not made any such investment and
currently does not have any understandings, commitments or agreements
with respect to such investment. Any investment in such an entity
would be subject to negotiation of terms acceptable to Leucadia, the
satisfactory completion of a due diligence investigation, regulatory
approvals and receipt of satisfactory financing of such entity, if
required.
Leucadia does not undertake to update the status of any negotiations
concerning this possible investment.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be an offer or sale
of the securities in the proposed offering in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
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