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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
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FEBRUARY 16, 1999 (FEBRUARY 4, 1999)
(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)
9 WEST 57TH STREET - 37TH FLOOR
NEW YORK, NY 10019
(Address of principal executive office) (Zip Code)
(212) 413-1800
(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 EVENTS
New Term Loan. On February 9, 1999, Cendant Corporation entered into a $1.25
billion Term Loan Agreement with The Chase Manhattan Bank and a syndicate of
lenders (the "Term Loan"). The Term Loan matures in February 2001 with
principal becoming due in five installments beginning in February 2000. The
proceeds from the Term Loan were used to refinance amounts owed under a Term
Loan Agreement, dated as of May 21, 1998 with The Chase Manhattan Bank as the
lender thereto. The Term Loan is attached hereto as Exhibit 99.1 and is
incorporated by reference herein in its entirety. The Company also executed
an amendment to its existing credit facilities which is attached hereto as
Exhibit 99.2 and is incorporated by reference herein in its entirety.
ITEM 7. EXHIBITS
Exhibit
No. Description
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99.1 Term Loan Agreement, dated as of February 9, 1999, among Cendant
Corporation, the lenders named therein and The Chase Manhattan Bank,
as administrative agent.
99.2 Amendment, dated as of February 4, 1999, to the Five Year Competitive
Advance and Revolving Credit Agreement and the 364-day Competitive
Advance and Revolving Credit Agreement among Cendant Corporation, the
lenders therein and The Chase Manhattan Bank, as Administrative Agent.
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
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James E. Buckman
Vice Chairman and
General Counsel
Date: February 16, 1999
3
CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
REPORT DATED FEBRUARY 16, 1999 (FEBRUARY 4, 1999)
EXHIBIT INDEX
Exhibit
No. Description
- ------- -----------
99.1 Term Loan Agreement, dated as of February 9, 1999 among Cendant
Corporation, the lenders named therein and The Chase Manhattan Bank,
as Administrative Agent.
99.2 Amendment, dated as of February 4, 1999, to the Five Year Competitive
Advance and Revolving Credit Agreement and the 364-day Competitive
Advance and Revolving Credit Agreement among Cendant Corporation, the
lenders named therein and The Chase Manhattan Bank, as Administrative
Agent.