Exhibit 1.2
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COMDISCO, INC.
(A Delaware Corporation)
SENIOR DEBT SECURITIES
August 3, 2000
TERMS AGREEMENT
To: COMDISCO, INC.
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Re: Underwriting Agreement dated August 3, 2000
Senior Debt Securities
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Title of Senior Debt Securities: 9 1/2% Notes Due August 15, 2003
Principal amount to be issued: $500,000,000
Current ratings: Xxxxx'x Investors Service, Inc.: Baa1
Standard & Poor's: BBB+
Duff & Xxxxxx Credit Rating Co.: A-
Interest rate: 9 1/2%
Interest Payment Dates: February 15 and August 15 of each year,
commencing February 15, 2001
Date of Maturity: August 15, 2003
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: 9 1/2% plus accrued interest, if any, from
August 8, 2000
Underwriting Discount: .40%
Closing Date and location: August 8, 2000 in offices of XxXxxxx
Xxxxx & Xxxxx, 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 Underwriters' interest in the Global Notes 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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Xxxxxxx Xxxxx Barney Inc. $300,000,000
Banc of America Securities LLC 37,500,000
Bear, Xxxxxxx & Co. Inc. 37,500,000
Deutsche Bank Securities Inc. 37,500,000
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated 37,500,000
Banc One Capital Markets, Inc. 25,000,000
Mellon Financial Markets, LLC 25,000,000
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TOTAL $500,000,000
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[SIGNATURE PAGE FOR AUGUST 3, 2000 TERMS AGREEMENT]
XXXXXXX XXXXX XXXXXX INC. XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX
INCORPORATED
By: /s/ Xxxxxxx X. Xxxxxxx By: /s/ Xxxxxxx X. X'Xxxxx
-------------------------------- -----------------------------------
Its: Authorized Signatory Its: Authorized Signatory
BANC OF AMERICA SECURITIES LLC BANC ONE CAPITAL MARKETS, INC.
By: /s/ Xxxx Xxxxx By: /s/ Xxxxxxxxx Xxxxx
-------------------------------- ------------------------------------
Its: Authorized Signatory Its: Authorized Signatory
BEAR, XXXXXXX & CO. INC. MELLON FINANCIAL MARKETS, LLC
By: /s/ Jacques de Saint Phalle By: /s/ Xxx X. Au
--------------------------------- ------------------------------------
Its: Authorized Signatory Its: Authorized Signatory
DEUTSCHE BANK SECURITIES INC.
By: /s/ R. Xxxxx Xxxxxxx/Xxxxxx Xxxxxx
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Its: Authorized Signatory
Accepted:
COMDISCO, INC.
By: /s/ Xxxx X. Xxxxxxx
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Its: Authorized Signatory
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