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
May 23, 1994
Date of Report .........................................................
(Date of earliest event reported)
CHRYSLER FINANCIAL CORPORATION
........................................................................
(Exact name of registrant as specified in its charter)
State of Michigan 1-5966 38-0961430
......................................................................
(State or other jurisdiction (Commission) (IRS Employer
of incorporation) File No.) Identification No.)
27777 Franklin Rd., Southfield, Michigan 48034
..............................................
(Address of principal executive offices)
(810) 948-3060
Registrant's telephone number, including area code....................
Item 5. Other Events.
On May 23, 1994, the registrant entered into a Revolving Credit
Agreement, dated as of May 23, 1994, among the registrant, Chemical
Bank, as Agent, the several commercial banks party thereto as
Co-Agents, and Chemical Securities Inc., as Arranger. Concurrently
with entering into this agreement, the registrant terminated other
prior agreements wherein it had granted security interests in
substantially all of its United States assets securing all of its
indebtedness for borrowed money and certain other indebtedness and
contractual obligations, thus terminating such security interests in
the pledged property.
On May 23, 1994, the registrant entered into a Fourth Amended and
Restated Commitment Transfer Agreement, dated as of May 23, 1994,
among the registrant, the several financial institutions parties
thereto and Chemical Bank, as agent.
On May 23, 1994, the registrant entered into a Guarantee
Agreement, dated as of May 23, 1994, made by the registrant to and in
favor of Guaranteed Parties as defined therein in order to guarantee
the obligations of its subsidiary, Chrysler Credit Canada Ltd., under
a Revolving Credit Agreement dated as of May 23, 1994 among Chrysler
Credit Canada Ltd., Royal Bank of Canada, as agent, Canadian Imperial
Bank of Commerce and Bank of Nova Scotia, as co-agents, and the
Lenders parties thereto.
On May 23, 1994, the registrant entered into a Short Term
Receivables Purchase Agreement, dated as of May 23, 1994, among the
registrant, Chrysler Credit Corporation, U.S. Auto Receivables
Company, American Auto Receivables Company, Chemical Bank, as agent,
the several commercial banks parties thereto, and Chemical Bank Agency
Services Corporation, as Administrative Agent.
On May 23, 1994, American Auto Receivables Company and Chrysler
Credit Corporation, subsidiaries of the registrant, entered into a
Short Term Participation and Servicing Agreement, dated as of May 23,
1994, among American Auto Receivables Company, Chrysler Credit
Corporation, the banks and other financial institutions named as
purchasers therein, Chemical Bank, as Agent, and Chemical Bank Agency
Services Corporation, as Administrative Agent.
On May 23, 1994, U.S. Auto Receivables Company and Chrysler Credit
Corporation, subsidiaries of the registrant, entered into a Short Term
Bank Supplement, dated as of May 23, 1994, among U.S. Auto Receivables
Company, Chrysler Credit Corporation and Manufacturers and Traders
Trust Company, as Trustee, to the Pooling and Servicing Agreement
dated as of May 31, 1991 with respect to CARCO Auto Loan Master Trust
Short Term Bank Series.
On May 23, 1994, the registrant entered into a Long Term
Receivables Purchase Agreement, dated as of May 23, 1994, among the
registrant, Chrysler Credit Corporation, U.S. Auto Receivables
Company, American Auto Receivables Company, the several commercial
banks parties thereto, Chemical Bank, as Agent, and Chemical Bank
Agency Services Corporation, as Administrative Agent.
On May 23, 1994, American Auto Receivables Company and Chrysler
Credit Corporation, subsidiaries of the registrant, entered into a
Long Term Participation and Servicing Agreement, dated as of May 23,
1994, among American Auto Receivables Company, Chrysler Credit
Corporation, the banks and other financial institutions named as
purchasers therein, Chemical Bank, as Agent, and Chemical Bank Agency
Services Corporation, as Administrative Agent.
On May 23, 1994, U.S. Auto Receivables Company and Chrysler Credit
Corporation, subsidiaries of the registrant, entered into a Long Term
Bank Supplement, dated as of May 23, 1994, among U.S. Auto Receivables
Company, Chrysler Credit Corporation and Manufacturers and Traders
Trust Company, as Trustee, to the Pooling and Servicing Agreement,
dated as of May 31, 1991 with respect to CARCO Auto Loan Master Trust
Bank Series.
On May 23, 1994, the registrant entered into a Short-Term
Receivables Purchase Agreement, dated May 23, 1994, among the
registrant, Chrysler Credit Canada Ltd., the chartered banks named
therein as purchasers, and Royal Bank of Canada, as Agent.
On May 23, 1994, Chrysler Credit Canada Ltd., a subsidiary of the
registrant, entered into a Short-Term Retail Purchase and Servicing
Agreement, dated May 23, 1994, among Chrysler Credit Canada Ltd., the
chartered banks named therein as parties thereto, and Royal Bank of
Canada, as Agent.
On May 23, 1994, the registrant entered into a Long-Term
Receivables Purchase Agreement, dated May 23, 1994, among the
registrant, Chrysler Credit Canada Ltd., the chartered banks named
therein as purchasers, and Royal Bank of Canada, as Agent.
On May 23, 1994, Chrysler Credit Canada Ltd., a subsidiary of the
registrant, entered into a Long-Term Retail Purchase and Servicing
Agreement, dated May 23, 1994 among Chrysler Credit Canada Ltd., the
chartered banks named therein as parties thereto, and Royal Bank of
Canada, as Agent.
On May 23, 1994, Chrysler Credit Canada Ltd., a subsidiary of the
registrant, entered into Bank Series 1994-1 Supplement, dated as of
May 23, 1994, among Chrysler Credit Canada Ltd., Royal Bank of Canada,
as Agent, the several banks parties thereto, and The Royal Trust
Company, as Custodian, to the Master Custodial and Servicing
Agreement, dated as of September 1, 1992.
On May 23, 1994, Chrysler Credit Canada Ltd., a subsidiary of the
registrant, entered into Bank Series 1994-2 Supplement, dated as of
May 23, 1994, among Chrysler Credit Canada Ltd., Royal Bank of Canada,
as Agent, the several banks parties thereto, and The Royal Trust
Company, as Custodian, to the Master Custodial and Servicing
Agreement, dated as of September 1, 1992.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
Listed below are the financial statements, pro forma financial
information and exhibits, if any, filed as a part of this Report:
(a) Financial statements of businesses acquired.
None
(b) Pro forma financial information.
None
(c) Exhibits:
10-A Copy of Revolving Credit Agreement, dated as of May
23, 1994, among Chrysler Financial Corporation,
Chemical Bank, as Agent, the several commercial
banks party thereto as Co-Agents, and Chemical
Securities Inc., as Arranger.
10-B Copy of Fourth Amended and Restated Commitment
Transfer Agreement, dated as of May 23, 1994, among
Chrysler Financial Corporation, the several
financial institutions parties thereto and Chemical
Bank, as agent.
10-C Copy of Guarantee Agreement, dated as of May 23,
1994, made by Chrysler Financial Corporation to and
in favor of Guaranteed Parties as defined therein.
10-D Copy of Revolving Credit Agreement, dated as of May
23, 1994, among Chrysler Credit Canada Ltd., Royal
Bank of Canada, as agent, Canadian Imperial Bank of
Commerce and Bank of Nova Scotia, as co-agents, and
the Lenders parties thereto.
10-E Copy of Short Term Receivables Purchase Agreement,
dated as of May 23, 1994, among Chrysler Financial
Corporation, Chrysler Credit Corporation, U.S. Auto
Receivables Company, American Auto Receivables
Company, Chemical Bank, as agent, the several
commercial banks parties thereto, and Chemical Bank
Agency Services Corporation, as Administrative
Agent.
10-F Copy of Short Term Participation and Servicing
Agreement, dated as of May 23, 1994, among American
Auto Receivables Company, Chrysler Credit
Corporation, the banks and other financial
institutions named as purchasers therein, Chemical
Bank, as Agent, and Chemical Bank Agency Services
Corporation, as Administrative Agent.
10-G Copy of Short Term Bank Supplement, dated as of May
23, 1994, among U.S. Auto Receivables Company,
Chrysler Credit Corporation and Manufacturers and
Traders Trust Company, as Trustee, to the Pooling
and Servicing Agreement dated as of May 31, 1991
with respect to CARCO Auto Loan Master Trust Short
Term Bank Series.
10-H Copy of Long Term Receivables Purchase Agreement,
dated as of May 23, 1994, among Chrysler Financial
Corporation, Chrysler Credit Corporation, U.S. Auto
Receivables Company, American Auto Receivables
Company, the several commercial banks parties
thereto, Chemical Bank, as Agent, and Chemical Bank
Agency Services Corporation, as Administrative
Agent.
10-I Copy of Long Term Participation and Servicing
Agreement, dated as of May 23, 1994, among American
Auto Receivables Company, Chrysler Credit
Corporation, the banks and other financial
institutions named as purchasers therein, Chemical
Bank, as Agent, and Chemical Bank Agency Services
Corporation, as Administrative Agent.
10-J Copy of Long Term Bank Supplement, dated as of May
23, 1994, among U.S. Auto Receivables Company,
Chrysler Credit Corporation and Manufacturers and
Traders Trust Company, as Trustee, to the Pooling
and Servicing Agreement, dated as of May 31, 1991
with respect to CARCO Auto Loan Master Trust Bank
Series.
10-K Copy of Short-Term Receivables Purchase Agreement,
dated May 23, 1994, among Chrysler Financial
Corporation, Chrysler Credit Canada Ltd., the
chartered banks named therein as purchasers, and
Royal Bank of Canada, as Agent.
10-L Copy of Short-Term Retail Purchase and Servicing
Agreement, dated May 23, 1994, among Chrysler Credit
Canada Ltd., the chartered banks named therein as
parties thereto, and Royal Bank of Canada, as Agent.
10-M Copy of Long-Term Receivables Purchase Agreement,
dated May 23, 1994 among Chrysler Financial
Corporation, Chrysler Credit Canada Ltd., the
chartered banks named therein as purchasers, and
Royal Bank of Canada, as Agent.
10-N Copy of Long-Term Retail Purchase and Servicing
Agreement, dated May 23, 1994, among Chrysler Credit
Canada Ltd., the chartered banks named therein as
parties thereto, and Royal Bank of Canada, as Agent.
10-O Copy of Bank Series 1994-1 Supplement, dated as of
May 23, 1994, among Chrysler Credit Canada Ltd.,
Royal Bank of Canada, as Agent, the several banks
parties thereto, and The Royal Trust Company, as
Custodian, to the Master Custodial and Servicing
Agreement, dated as of September 1, 1992.
10-P Copy of Bank Series 1994-2 Supplement, dated as of
May 23, 1994, among Chrysler Credit Canada Ltd.,
Royal Bank of Canada, as Agent, the several banks
parties thereto, and The Royal Trust Company, as
Custodian, to the Master Custodial and Servicing
Agreement, dated as of September 1, 1992.
SIGNATURES
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.
CHRYSLER FINANCIAL CORPORATION
Date: May 23, 1994 By: /s/Robert A. Link
----------------------------
Robert A. Link
Secretary
EXHIBIT INDEX
Exhibit
No. Description of Exhibit
10-A Copy of Revolving Credit Agreement, dated as of May 23, 1994,
among Chrysler Financial Corporation, Chemical Bank, as
Agent, the several commercial banks party thereto as Co-
Agents, and Chemical Securities Inc., as Arranger.
10-B Copy of Fourth Amended and Restated Commitment Transfer
Agreement, dated as of May 23, 1994, among Chrysler Financial
Corporation, the several financial institutions parties
thereto and Chemical Bank, as agent.
10-C Copy of Guarantee Agreement, dated as of May 23, 1994, made
by Chrysler Financial Corporation to and in favor of
Guaranteed Parties as defined therein.
10-D Copy of Revolving Credit Agreement dated as of May 23, 1994,
among Chrysler Credit Canada Ltd., Royal Bank of Canada, as
agent, Canadian Imperial Bank of Commerce and Bank of Nova
Scotia, as co-agents, and the Lenders parties thereto.
10-E Copy of Short Term Receivables Purchase Agreement, dated as
of May 23, 1994, among Chrysler Financial Corporation,
Chrysler Credit Corporation, U.S. Auto Receivables Company,
American Auto Receivables Company, Chemical Bank, as agent,
the several commercial banks parties thereto, and Chemical
Bank Agency Services Corporation, as Administrative Agent.
10-F Copy of Short Term Participation and Servicing Agreement,
dated as of May 23, 1994, among American Auto Receivables
Company, Chrysler Credit Corporation, the banks and other
financial institutions named as purchasers therein, Chemical
Bank, as Agent, and Chemical Bank Agency Services
Corporation, as Administrative Agent.
10-G Copy of Short Term Bank Supplement, dated as of May 23, 1994,
among U.S. Auto Receivables Company, Chrysler Credit
Corporation and Manufacturers and Traders Trust Company, as
Trustee, to the Pooling and Servicing Agreement dated as of
May 31, 1991 with respect to CARCO Auto Loan Master Trust
Short Term Bank Series.
10-H Copy of Long Term Receivables Purchase Agreement, dated as of
May 23, 1994, among Chrysler Financial Corporation, Chrysler
Credit Corporation, U.S. Auto Receivables Company, American
Auto Receivables Company, the several commercial banks
parties thereto, Chemical Bank, as Agent, and Chemical Bank
Agency Services Corporation, as Administrative Agent.
10-I Copy of Long Term Participation and Servicing Agreement,
dated as of May 23, 1994, among American Auto Receivables
Company, Chrysler Credit Corporation, the banks and other
financial institutions named as purchasers therein, Chemical
Bank, as Agent, and Chemical Bank Agency Services
Corporation, as Administrative Agent.
10-J Copy of Long Term Bank Supplement, dated as of May 23, 1994,
among U.S. Auto Receivables Company, Chrysler Credit
Corporation and Manufacturers and Traders Trust Company, as
Trustee, to the Pooling and Servicing Agreement, dated as of
May 31, 1991 with respect to CARCO Auto Loan Master Trust
Bank Series.
10-K Copy of Short-Term Receivables Purchase Agreement, dated May
23, 1994, among Chrysler Financial Corporation, Chrysler
Credit Canada Ltd., the chartered banks named therein as
purchasers, and Royal Bank of Canada, as Agent.
10-L Copy of Short-Term Retail Purchase and Servicing Agreement,
dated May 23, 1994, among Chrysler Credit Canada Ltd., the
chartered banks named therein as parties thereto, and Royal
Bank of Canada, as Agent.
10-M Copy of Long-Term Receivables Purchase Agreement, dated May
23, 1994, among Chrysler Financial Corporation, Chrysler
Credit Canada Ltd., the chartered banks named therein as
purchasers, and Royal Bank of Canada, as Agent.
10-N Copy of Long-Term Retail Purchase and Servicing Agreement,
dated May 23, 1994, among Chrysler Credit Canada Ltd., the
chartered banks named therein as parties thereto, and Royal
Bank of Canada, as Agent.
10-O Copy of Bank Series 1994-1 Supplement, dated as of May 23,
1994, among Chrysler Credit Canada Ltd., Royal Bank of
Canada, as Agent, the several banks parties thereto, and The
Royal Trust Company, as Custodian, to the Master Custodial
and Servicing Agreement, dated as of September 1, 1992.
10-P Copy of Bank Series 1994-2 Supplement, dated as of May 23,
1994, among Chrysler Credit Canada Ltd., Royal Bank of
Canada, as Agent, the several banks parties thereto, and The
Royal Trust Company, as Custodian, to the Master Custodial
and Servicing Agreement, dated as of September 1, 1992.