SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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June 4, 1998 (May 29, 1998)
(Date of Report (date of earliest event reported))
Cendant Corporation
(Exact name of Registrant as specified in its charter)
Delaware 1-10308 06-0918165
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation or organization) Identification Number)
6 Sylvan Way
Parsippany, New Jersey 07054
(Address of principal executive office) (Zip Code)
(973) 428-9700
(Registrant's telephone number, including area code)
None
(Former name, former address and former fiscal year, if applicable)
Item 5. Other Events
On May 29, 1998, Cendant Corporation announced that it had entered into a new
$3.25 billion term loan credit facility with The Chase Manhattan Bank and a
syndicate of twenty other lenders, including Bank of America, Barclays Bank PLC,
The Bank of Nova Scotia, Credit Lyonnais and NationsBank, N.A. The loan matures
on May 28, 1999.
The information set forth in the press release and the Term Loan Agreement
attached hereto as Exhibits 99.1 and 10.1, respectively, are incorporated herein
by reference in their entirety.
Item 7. Exhibits
Exhibit
No. Description
10.1 Term Loan Agreement, dated as of May 29, 1998, among Cendant
Corporation, as Borrower, the Lenders referred herein, Bank of
America NT & SA, as Syndication Agent, Barclays Bank PLC, The
Bank of Nova Scotia, Credit Lyonnais New York Branch,
NationsBank, N.A., as Co-Documentation Agents, CIBC Inc., First
Union National Bank, The Industrial Bank of Japan, Limited, New
York Bank, as Managing Agents, Bank of Tokyo Mitsubishi Trust
Company, Credit Suisse, First Boston, Fleet National Bank, The
Sumitomo Bank, Limited, New York Branch, Banque Paribas, as
Co-Agents and The Chase Manhattan Bank, as Administrative Agent.
10.2 Amendment, dated as of May 6, 1998, to the Five Year Competitive
Advance and Revolving Credit Agreement and the 364-Day
Competitive Advance and Revolving Credit Agreement, each of which
is dated as of October 2, 1996, by and among Cendant Corporation,
the financial institutions parties thereto, and The Chase
Manhattan Bank, as agent for the lenders.
99.1 Press Release: Cendant Arranges New $3.25 Billion Term Loan
Credit Facility, dated May 29, 1998.
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.
CENDANT CORPORATION
By: /s/ James E. Buckman
James E. Buckman
Senior Executive Vice President
and General Counsel
Date: June 4, 1998
CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
Report Dated June 4, 1998 (May 29, 1998)
EXHIBIT INDEX
Exhibit No. Description
10.1 Term Loan Agreement, dated as of May 29, 1998, among Cendant
Corporation, as Borrower, the Lenders referred herein, Bank of
American NT & SA, as Syndication Agent, Barclays Bank PLC, The
Bank of Nova Scotia, Credit Lyonnais New York Branch, Nations
Bank, N.A., as Co- Documentation Agents, CIBC Inc., First
Union National Bank, The Industrial Bank of Japan, Limited,
New York Bank, as Managing Agents, Bank of Tokyo Mitsubishi
Trust Company, Credit Suisse, First Boston, Fleet National
Bank, The Sumitomo Bank, limited, New York Branch, Banque
Paribas, as Co-Agents and The Chase Manhattan Bank, as
Administrative Agent.
10.2 Amendment, dated as of May 6, 1998, to the Five Year Competitive
Advance and Revolving Credit Agreement and the 364-Day
Competitive Advance and Revolving Credit Agreement, each of which
is dated as of October 2, 1996, by and among Cendant Corporation,
the financial institutions parties thereto, and The Chase
Manhattan Bank, as agent for the lenders.
99.1 Press Release: Cendant Arranges New $3.25 Billion Term Loan
Credit Facility, dated May 29, 1998.