Exhibit 1.2
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COMDISCO, INC.
(A DELAWARE CORPORATION)
SENIOR DEBT SECURITIES
November 18, 1996
TERMS AGREEMENT
To: COMDISCO, INC.
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Re: Underwriting Agreement dated November 18, 1996
SENIOR DEBT SECURITIES
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Title of Senior Debt Securities: 6 - 3/8% Notes Due
November 30, 2001
Principal amount to be issued: $250,000,000
Current ratings: Xxxxx'x Investors Service, Inc.: Baa1
Standard & Poor's: BBB+
Duff & Phelp Credit Rating Co.: BBB+
Interest rate: 6 - 3/8%
Interest Payment Dates: May 30 and November 30 of each year,
commencing May 30, 1997
Date of Maturity: November 30, 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: 99.638% plus accrued interest, if any,
from November 21, 1996
Underwriting Discount: .600%
Closing Date and location: November 21, 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
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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Salomon Brothers Inc $ 41,750,000
BA Securities, Inc. $ 41,650,000
Citicorp Securities, Inc. $ 41,650,000
NationsBanc Capital Markets, Inc. $ 41,650,000
Xxxxx Xxxxxx Inc. $ 41,650,000
UBS Securities LLC $ 41,650,000
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TOTAL $250,000,000
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[SIGNATURE PAGE FOR NOVEMBER 18, 1996 TERMS AGREEMENT]
SALOMON BROTHERS INC
By: /s/ Xxxxxx Xxxx
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Its: Authorized Signatory
BA SECURITIES, INC.
By: /s/ Xxxx Xxxxxx
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Its: Authorized Signatory
CITICORP SECURITIES, INC.
By: /s/ Xxxxxx Xxxxxxx
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Its: Authorized Signatory
NATIONSBANC CAPITAL MARKETS, INC.
By: /s/ Xxxxxxx X. Xxxx
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Its: Authorized Signatory
XXXXX XXXXXX INC.
By: /s/ Xxxxxx Xxxxxxxx
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Its: Authorized Signatory
UBS SECURITIES LLC
By: /s/ Xxxxxxx Xxxxxxx
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Its: Authorized Signatory
Accepted:
COMDISCO, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
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Its: Authorized Signatory
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