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): October 30, 2001
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COMMERCIAL FEDERAL CORPORATION
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(Exact name of registrant as specified in its charter)
NEBRASKA 1-11515 47-0658852
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
13220 CALIFORNIA STREET, OMAHA, NEBRASKA 68154
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (402) 554-9200
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
COMMERCIAL FEDERAL CORPORATION
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FORM 8-K
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CURRENT REPORT
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Item 5. Other Events:
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The Corporation has $50,000,000 of 7.95% fixed-rate subordinated extendible
notes due December 1, 2006 (the "Notes"). Contractual interest on the
Notes is set at 7.95% until December 1, 2001, and is paid monthly. The
interest rate for the Notes reset at the Corporation's option on December
1, 2001, to a rate and for a term of one, two, three or five years
determined by the Corporation. Thereafter, the interest rate will reset at
the Corporation's option on the expiration date of each new interest period
prior to maturity. Any new interest rate shall not be less than 105% of
the effective interest rate on comparable maturity U.S. Treasury
obligations.
On October 30, 2001, the Corporation announced that effective December 1,
2001, the interest rate will remain the same at 7.95% on these Notes. This
interest rate exceeds 105% of the effective interest rate on comparable
maturity U.S. Treasury obligations, as defined in the Indenture, and will
remain effective until December 1, 2004.
The Notes may not be redeemed prior to December 1, 2001. The Corporation
may elect to redeem the notes in whole on December 1, 2004, at par plus
accrued interest to the date fixed for redemption. The Notes are
redeemable by the holders with at least five business days notice prior to
December 1, 2001, or on the next interest reset date (December 1, 2004) at
par plus accrued interest to the date fixed for redemption. The Notes are
unsecured general obligations of the Corporation.
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SIGNATURES
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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 thereunto duly authorized.
COMMERCIAL FEDERAL CORPORATION
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(Registrant)
Date: November 8, 2001 /s/ David S. Fisher
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David S. Fisher
Executive Vice President and
Chief Financial Officer
(Duly Authorized Officer)
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