Pricing Supplement No. 25 Filing Under --- Rule 424(b)(2) (To Prospectus Supplement dated June 4, 1997 including the Prospectus dated May 21, 1997) Trade Date: 1/7/98 Registration ------------------- File No. 333-27141 IKON Capital, Inc. - -------------------------------------------------------------------------------- Medium Term Notes CUSIP: 45171EAM9 --------------------------------- Principal Amount: $ 25,000,000 Floating Rate Notes: N/A ---------------------- ----------------- Interest Rate (if fixed rate): 5.90% Interest Rate Basis: N/A -------------- --------- Interest Payment Date(s): N/A -Commercial Paper Rate: -------------- ---------- (other than June 15 and December 15) -Prime Rate: --------------------- Regular Record Date(s): N/A -LIBOR: ---------------- ------------------------- (other than May 31 and November 30) -Treasury Rate: ------------------ Stated Maturity: 01/12/00 -CD Rate: ----------------------- ------------------------ Specified Currency: US DOLLARS -Federal Funds Rate: -------------------- -------------- Applicable Exchange Rate (if any): N/A -Other: ----- ------------------------ US Dollar $1.00 = N/A ------------------- Issue Price (as a percentage of principal amount): 100% Index Maturity: N/A -------- -------------------- Selling Agent: Spread: N/A -Lehman Brothers: ----------------------------- ---------------- Spread Multiplier: N/A -Chase Securities, Inc.: ------------------ --------- Maximum Interest Rate: N/A -Goldman, Sachs & Co: X -------------- ------------ Minimum Interest Rate: N/A -Merrill Lynch & Co: -------------- ------------- Initial Interest Rate: N/A -Other: -------------- -------------------------- Interest Reset Date(s) (if semi-annually or annually): Selling Agent's Commission (%): .25% -------- ---------------------------------- Purchasing Agent: N/A Third Wednesday of: N/A ---------------------- ------------- Purchasing Agent's Discount or Interest Reset Date (if weekly Commission (%): N/A monthly, or quarterly): --------------------- ------- Type of Sale: Interest Determination Date(s): N/A As Agent: X As Principal: ----- ---- ---- Calculation Date(s): N/A Net proceeds to the Company:$24,937,500 ---------------- ----------- Calculation Agent: N/A Settlement date ------------------ (original issue date):01/12/98 Interest Payment Date(s): N/A --------------- ----------- Redemption Commencement (other than June 15 and December 15) Date (if any): N/A Regular Record Date(s): N/A ----------------------- ------------- (other than May 31 and November 30) Redemption Period: N/A Interest Reset Period: N/A --------------------- -------------- Exchange Rate Agent: N/A ------------------- Original Issue Discount Security; Yes: No: X ---- ---- Form: Book Entry: X Certificated --- --- Authorized by: /s/ J.F. Quinn ------------------------------------------------------