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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
Commission file number 1-10308
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NOVEMBER 5, 1998 (OCTOBER 30, 1998)
(Date of Report (date of earliest event reported))
CENDANT CORPORATION
(Exact name of Registrant as specified in its charter)
DELAWARE 06-0918165
(State or Other Jurisdiction of (IRS Employer
Incorporation or Organization) Identification No.)
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)
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ITEM 5. OTHER
Earnings Release. On November 4, 1998, Cendant Corporation reported its third
quarter results for the quarter ending September 30, 1998. Attached hereto as
Exhibit 99.1 is the press release relating to the third quarter earnings
release which is incorporated herein by reference in its entirety. In addition,
attached hereto as Exhibit 99.2 are financial schedules summarizing restated
revenue and EBITDA by business segment for all four quarters of 1997 and the
first, second and third quarters of 1998. Each segment is also presented with
revenues and revenue drivers for lines of business within the segment.
The 1998 financial information is derived from unaudited financial information.
1998 quarterly results are not necessarily indicative of the financial results
that may be expected for the year ending December 31, 1998.
Credit Facility Amendments. On October 30, 1998, the Company amended and
restated its 364-Day Competitive Advance and Revolving Credit Agreement which,
among other things, extends such facility until October 29, 1999. The Company
also made certain amendments to its Five Year Competitive Advance and Revolving
Credit Facility and its Term Loan Agreement. Each of such amendments is
attached hereto as Exhibits 10.1, 10.2 and 10.3, respectively, and are
incorporated herein by reference in their entirety.
ITEM 7. EXHIBITS
Exhibit
No. Description
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10.1 364 - Day Competitive Advance and Revolving Credit Agreement, as
amended and restated through October 30, 1998, among Cendant
Corporation, the lenders referred to herein, and The Chase
Manhattan Bank, as Administrative Agent
10.2 Amendment, dated as of October 30, 1998, to the Five year
Competitive Advance and Revolving Credit Agreement, dated as of
October 2, 1996, by and among Cendant Corporation, the financial
institutions parties thereto, and The Chase Manhattan Bank, as
Administrative Agent
10.3 Amendment, dated October 30, 1998, to the Term Loan Agreement,
dated as of May 29, 1998, by and among Cendant Corporation, the
financial institutions parties thereto, and The Chase Manhattan
Bank, as Administrative Agent
99.1 Press Release: Cendant Corporation Reports Third Quarter Results,
dated November 5, 1998
99.2 Revenue Drivers
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/ David M. Johnson
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David M. Johnson
Senior Executive Vice President
and Chief Financial Officer
Date: November 5, 1998
CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
REPORT DATED NOVEMBER 5, 1998 (OCTOBER 30, 1998)
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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10.1 364 - Day Competitive Advance and Revolving Credit Agreement,
as amended and restated through October 30, 1998, among Cendant
Corporation, the lenders referred to herein, and The Chase
Manhattan Bank, as Administrative Agent
10.2 Amendment, dated as of October 30, 1998, to the Five year
Competitive Advance and Revolving Credit Agreement, dated as of
October 2, 1996, by and among Cendant Corporation, the
financial institutions parties thereto, and The Chase Manhattan
Bank, as Administrative Agent
10.3 Amendment, dated October 30, 1998, to the Term Loan Agreement,
dated as of May 29, 1998, by and among Cendant Corporation, the
financial institutions parties thereto, and The Chase Manhattan
Bank, as Administrative Agent
99.1 Press Release: Cendant Corporation Reports Third Quarter
Results, dated November 4, 1998
99.2 Revenue Drivers