Exhibit 1.2
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COMDISCO, INC.
(A Delaware Corporation)
SENIOR DEBT SECURITIES
January 5, 1998
TERMS AGREEMENT
To: COMDISCO, INC.
0000 Xxxxx Xxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Re: Underwriting Agreement dated January 5, 1998
Senior Debt Securities
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Title of Senior Debt Securities: 6 1/8% Notes Due
January 15, 2003
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 1/8%
Interest Payment Dates: January 15 and July 15 of each year,
commencing July 15, 1998
Date of Maturity: January 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: 99.717% plus accrued interest, if any,
from January 8, 1998
Underwriting Discount: .600%
Closing Date and location: January 8, 1998 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 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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Salomon Brothers Inc $50,000,000
Bear, Xxxxxxx & Co. Inc. $50,000,000
Citicorp Securities, Inc. $50,000,000
NationsBanc Xxxxxxxxxx Securities LLC $50,000,000
UBS Securities LLC $50,000,000
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TOTAL $250,000,000
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[SIGNATURE PAGE FOR JANUARY 5, 1998 TERMS AGREEMENT]
SALOMON BROTHERS INC
By: /s/ Xxxxxxx Xxxx Xxxxxxxxxx
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Its: Authorized Signatory
BEAR, XXXXXXX & CO. INC.
By: /s/ Xxxxxxx X. X'Xxxxx
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Its: Authorized Signatory
CITICORP SECURITIES, INC.
By: /s/ Xxxxx Xxxxxxx
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Its: Authorized Signatory
NATIONSBANC XXXXXXXXXX SECURITIES
LLC
By: /s/ R. Xxxxx Xxxxxx
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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 Xxxxxxxx
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Its: Authorized Signatory
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