SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________
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):
April 16, 1996
________________________________________
THERMO ELECTRON CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-8002 04-2209186
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
81 Wyman Street 02254
Waltham, Massachusetts (Zip Code)
(Address of principal executive offices)
(617) 622-1000
(Registrant's telephone number
including area code)
PAGE
<PAGE>
Item 5. Other Events
------------
On April 16, 1996, Thermo TerraTech Inc. ("Thermo TerraTech"), a
majority-owned subsidiary of Thermo Electron Corporation (the "Company")
issued a press release, attached hereto as Exhibit 99, to announce that it
intends to sell approximately $100 million principal amount of subordinated
debentures due 2003. The debentures will be convertible into shares of
Thermo TerraTech's common stock, and will be guaranteed by the Company on a
subordinated basis.
Item 7. Financial Statements, Pro Forma Combined Condensed Financial
------------------------------------------------------------
Information and Exhibits
------------------------
(a) Financial Statements of Business Acquired: not applicable.
(b) Pro Forma Combined Condensed Financial Information: not
applicable.
(c) Exhibits
99 Press Release of Thermo TerraTech,
dated April 16, 1996.
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, on this 19th day of April, 1996.
THERMO TERRATECH INC.
By: /s/ Jonathan W. Painter
Jonathan W. Painter
Treasurer
EXHIBIT 99
THERMO TERRATECH ANNOUNCES INTENT
TO SELL CONVERTIBLE DEBENTURES
WALTHAM, Mass., April 16, 1996 -- Thermo TerraTech Inc. (ASE-TTT)
announced today its intent to issue approximately $100 million in
subordinated convertible debentures, which will reach maturity in
2003, and will be guaranteed by Thermo Electron Corporation on a
subordinated basis. The debentures have not been registered under
the Securities Act of 1933 and may not be offered or sold in the
United States or to U.S. persons absent registration or an
applicable exemption from the registration requirements of the
Act.
Thermo TerraTech intends to use the net proceeds from the
sale of the debentures to retire $50 million of debt to its
parent company, Thermo Electron, and the remaining balance for
working capital and other general corporate purposes, including
the acquisition of businesses whose services or products
complement or augment those offered by the company.
# # #
