-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dxl79vdM/N0m5/DLR9xpbVWPkz5L+5KDmf7PtsbI0uwEqHEHKrgHdEO2yY3AW/mL ttz7TjtBKsyi9irY1e02YQ== 0000020388-97-000011.txt : 19970414 0000020388-97-000011.hdr.sgml : 19970414 ACCESSION NUMBER: 0000020388-97-000011 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970411 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP HOLDINGS INC /DE/ CENTRAL INDEX KEY: 0000020388 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 132994534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-64309 FILM NUMBER: 97578778 BUSINESS ADDRESS: STREET 1: 1211 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125361950 MAIL ADDRESS: STREET 1: 1211 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: CIT FINANCIAL CORP/OLD/ DATE OF NAME CHANGE: 19860512 424B3 1 PRICING SUPPLEMENT NO. 26 Rule 424(b)(3) Registration Statement No. 33-64309 PRICING SUPPLEMENT NO. 26, Dated April 10, 1997, to Prospectus, dated May 13, 1996 and Prospectus Supplement, dated May 15, 1996. THE CIT GROUP HOLDINGS, INC. MEDIUM-TERM FIXED RATE NOTES DUE NINE MONTHS OR MORE FROM DATE OF ISSUE (X) Senior Note ( ) Senior Subordinated Note Principal Amount: U.S. $100,000,000. Proceeds to Corporation: 99.807% or $99,807,000. Underwriting Discount: .133%. Issue Price: 99.940%. Original Issue Date: April 15, 1997. Maturity Date: April 17, 2000. Interest Rate Per Annum: 6.80%. Interest Payment Dates: Each April 17 and October 17, commencing October 17, 1997, provided that if any such day is not a Business Day, the payment will be made on the next succeeding Business Day as if it were made on the date such payment was due, and no interest will accrue on the amount payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be. Interest payments will include the amount of interest accrued from and including the most recent Interest Payment Date to which interest has been paid (or from and including the Original Issue Date) to but excluding the applicable Interest Payment Date. The Notes are offered by the Underwriters, as specified herein, subject to receipt and acceptance by them and subject to their right to reject any order in whole or in part. It is expected that the Notes will be ready for delivery in book-entry form on or about April 15, 1997. CREDIT SUISSE FIRST BOSTON FIRST UNION CAPITAL MARKETS CORP. Form: Global Note. Specified Currency: U.S. Dollars. Trustee, Registrar, Authenticating and Paying Agent: The Bank of New York, under Indenture dated as of May 1, 1994 between the Trustee and the Corporation. UNDERWRITING Credit Suisse First Boston Corporation and First Union Capital Markets Corp. (the "Underwriters") are acting as principals in this transaction. Subject to the terms and conditions set forth in a Term Sheet and Agreement dated April 10, 1997 (the "Terms Agreement"), between the Corporation and the Underwriters, incorporating the terms of a Selling Agency Agreement dated May 15, 1996, between the Corporation and Lehman Brothers, Lehman Brothers Inc., Credit Suisse First Boston Corporation (formerly known as CS First Boston Corporation), Goldman, Sachs & Co., Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, Salomon Brothers Inc, and UBS Securities LLC, the Corporation has agreed to sell to the Underwriters, and the Underwriters have each severally agreed to purchase, the principal amount of the Notes set forth opposite its name below: Principal Amount of Underwriter the Notes Credit Suisse First Boston Corporation $ 75,000,000 First Union Capital Markets Corp. 25,000,000 ------------ Total $100,000,000 ============ Under the terms and conditions of the Terms Agreement, the Underwriters are committed to take and pay for all of the Notes, if any are taken. The Underwriters have advised the Corporation that they propose to initially offer the Notes to the public at the Issue Price set forth above, and to certain dealers at such price less a concession not in excess of .125% of the principal amount of the Notes, and the Underwriters may allow, and such dealers may reallow, a concession to certain other dealers not in excess of .100% of such principal amount. After the initial public offering, the public offering price and such concessions may be changed from time to time. In connection with the sale of the Notes, the Underwriters may be deemed to have received compensation from the Corporation in the form of underwriting discounts, and the Underwriters may also receive commissions from the purchasers of the Notes for whom they may act as agent. The Underwriters and any dealers that participate with the Underwriters in the distribution of the Notes may be deemed to be underwriters, and any discounts or commissions received by them and any profit on the resale of the Note by them may be deemed to be underwriting discounts or commissions. The Notes are a new issue of securities with no established trading market. The Corporation currently has no intention to list the Notes on any securities exchange. The Corporation has been advised by the Underwriters that they each intend to make a market in the Notes but are not obligated to do so and may discontinue any market making at any time without notice. No assurance can be given as to the liquidity of the trading market for the Notes. The Corporation has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. -----END PRIVACY-ENHANCED MESSAGE-----