Exhibit 1.2
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COMDISCO, INC.
(A DELAWARE CORPORATION)
SENIOR DEBT SECURITIES
February 7, 1996
TERMS AGREEMENT
To: COMDISCO, INC.
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Re: Underwriting Agreement dated February 7, 1996
SENIOR DEBT SECURITIES
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Title of Senior Debt Securities: 5 3/4% Notes Due
February 15, 2001
Principal amount to be issued: $250,000,000
Current ratings: Xxxxx'x Investors Service, Inc.: Baa2
Standard & Poor's Ratings Group: BBB
Duff & Phelp Credit Rating Co.: BBB+
Interest rate: 5 3/4%
Interest Payment Dates: February 15 and August 15 of each year,
commencing August 15, 1996
Date of Maturity: February 15, 2001
Form and Denomination: Fully registered in denominations of
$1,000 and integral multiples thereof.
Redemption provisions: None
Sinking Fund requirements: None
Delayed Delivery Contracts: Not authorized
Public offering price: 99.613%, plus accrued interest, if any,
from February 12, 1996
Underwriting Discount: .600%
Closing Date and location: February 12, 1996 in offices of XxXxxxx Xxxxx
& Coles, 000 Xxxx Xxxxxxx Xxxxxx, 00xx Xxxxx,
Xxxxxxx, Xxxxxxxx 00000
Rating Agencies applicable Xxxxx'x Investors Service, Inc.,
to Sections 4 and 9 of Standard & Poor's Ratings Group
the Underwriting Agreement: and Duff & Xxxxxx Credit Rating Co.
Payment for the Securities shall be made to the Company in same day funds
payable to the order of the Company against acknowledgment of satisfactory
notation of the Underwriter's interest in the Global Note representing the
Securities by the Underwriters.
Each Underwriter severally agrees, subject to the terms and provisions of the
above referenced Underwriting Agreement, which is incorporated herein in its
entirety and made a part hereof, to purchase the principal amount of Securities
set forth opposite its name.
Principal
Underwriter Amount
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Xxxxx Xxxxxx Inc. $50,000,000
Xxxxxx Brothers Inc. $50,000,000
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $50,000,000
NationsBanc Capital Markets, Inc. $50,000,000
Salomon Brothers Inc $50,000,000
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TOTAL $250,000,000
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[SIGNATURE PAGE FOR FEBRUARY 7, 1996 TERMS AGREEMENT]
XXXXX XXXXXX INC.
By: /s/ Xxxxxxxxxxx Xxxxx
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Its: Authorized Signatory
XXXXXX BROTHERS INC.
By: /s/ Xxxxx X. Xxxxxx
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Its: Authorized Signatory
XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX
INCORPORATED
By: /s/ Xxxxxx X. Xxxxxxxx
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Its: Authorized Signatory
NATIONSBANC CAPITAL MARKETS, INC.
By: /s/ Xxxxxxx X. Xxxx
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Its: Authorized Signatory
SALOMON BROTHERS INC
By: /s/ Xxxx Xxxxxx Xxxxx
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Its: Authorized Signatory
Accepted:
COMDISCO, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
---------------------------------
Its: Authorized Signatory
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