UNITED STATES 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): May 14, 2003
STERICYCLE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21229 36-3640402
(State or other juris- (Commission file (IRS employer
diction of incorporation) number) identification number)
28161 North Keith Drive
Lake Forest, Illinois 60045
(Address of principal executive offices)
Registrant's telephone number, including area
code:
(847) 367-5910
Item 5. OTHER EVENTS
On May 27, 2003, Stericycle, Inc. (the "Company") announced that it had
repurchased a total of $6.6 million in principal amount of its 12-3/8% senior
subordinated notes due 2009. The repurchases were made at prevailing market
prices in privately negotiated transactions with two note holders on May 14 and
May 19, 2003, respectively. In connection with these repurchases, Stericycle
paid a premium of approximately $1.1 million in addition to the principal amount
of the notes. This premium and the related non-cash writeoff of deferred
financing chanrges of $0.2 million will be recorded as a one-time interest
expense during the quarter ending June 30, 2003.
A copy of the Company's press release is filed as an exhibit to this
Report.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is filed with this Report:
EXHIBIT DESCRIPTION
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99.1 Press Release dated May 27, 2003
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SIGNATURE
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 hereunto duly authorized.
Date: May 29, 2003.
STERICYCLE, INC.
By /s/ FRANK J.M. TEN BRINK
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Frank J.M. ten Brink
Executive Vice President and
Chief Financial Officer
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