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 ------------ 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.