0000025191-01-500117.txt : 20011010
0000025191-01-500117.hdr.sgml : 20011010
ACCESSION NUMBER: 0000025191-01-500117
CONFORMED SUBMISSION TYPE: 424B3
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011004
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: COUNTRYWIDE CREDIT INDUSTRIES INC
CENTRAL INDEX KEY: 0000025191
STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
IRS NUMBER: 954083087
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0228
FILING VALUES:
FORM TYPE: 424B3
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-55536
FILM NUMBER: 1751737
BUSINESS ADDRESS:
STREET 1: 4500 PARK GRANADA BLVD
CITY: CALABASAS
STATE: CA
ZIP: 91302
BUSINESS PHONE: 8182253000
MAIL ADDRESS:
STREET 1: 4500 PARK GRANADA BLVD
CITY: CALABASAS
STATE: CA
ZIP: 91302
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: COUNTRYWIDE HOME LOANS INC
CENTRAL INDEX KEY: 0000814509
STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
IRS NUMBER: 132631719
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0228
FILING VALUES:
FORM TYPE: 424B3
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-55536-01
FILM NUMBER: 1751738
BUSINESS ADDRESS:
STREET 1: 4500 PARK GRANADA BLVD
CITY: CALABASAS
STATE: CA
ZIP: 91302
BUSINESS PHONE: 8182253000
MAIL ADDRESS:
STREET 1: 4500 PARK GRANADA
CITY: CALABASAS
STATE: CA
ZIP: 91302
FORMER COMPANY:
FORMER CONFORMED NAME: COUNTRYWIDE FUNDING CORP
DATE OF NAME CHANGE: 19931018
424B3
1
ps2001j-31.txt
PRICING SUPPLEMENT 2001J-31
Rule 424(b)(3)
File Nos. 333-55536 and 333-55536-01
PRICING SUPPLEMENT NO. 31 DATED OCTOBER 1, 2001
(To Prospectus dated March 13, 2001 and Prospectus Supplement dated March
15, 2001)
COUNTRYWIDE HOME LOANS, INC.
Medium-Term Notes, Series J
Due Nine Months or More From Date of Issue
Payment of Principal, Premium, if any,
and Interest Fully and Unconditionally Guaranteed by
COUNTRYWIDE CREDIT INDUSTRIES, INC.
Floating Rate Notes
Trade Date: October 1, 2001 Book Entry: |X|
Public Offering Price: 100% Certificated: |_|
Agent Discount: .250% Principal Amount: $500,000,000
Purchase Price: 99.750% Proceeds, before expenses,
Original Issue Date: October 4, 2001 to Countrywide Home Loans:
$498,750,000
Stated Maturity Date: October 1, 2003 CUSIP: 22237 LLS9
Minimum Denomination: $1,000 ISIN: US22237 LLS96
Specified Currency: U.S. Dollars Common Code: 013696365
Interest Rate Basis: LIBOR (Telerate Page 3750)
Index Maturity: 1 month Maximum Interest Rate: N/A
Initial Interest Rate: 3.1875% Minimum Interest Rate: N/A
Interest Reset Dates: The 1st of each month, Interest Factor Convention:
N/A
commencing November 1, 2001 Spread (plus or minus): plus .55%
Spread Multiplier: N/A
Interest Payment Dates: The 1st of each month, Calculation Agent: The Bank
of New York
commencing November 1, 2001
Record Dates: The 15th of each month,
commencing October 15, 2001
Redemption: Repayment:
Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
|X| The Notes cannot be redeemed prior to maturity. |X| The Notes cannot be
repaid prior to maturity.
|_| The Notes may be redeemed prior to maturity. |_| The Notes may be
repaid prior to maturity.
The Notes to which this Pricing Supplement relate will constitute unsecured
and unsubordinated indebtedness of Countrywide
Home Loans and will rank equally with Countrywide Home Loans' other
unsecured and unsubordinated indebtedness. As of May 31, 2001,
Countrywide Credit Industries did not have any secured indebtedness
outstanding, and Countrywide Home Loans had $13,106,000 aggregate
principal amount of secured indebtedness outstanding, all of which was
short-term indebtedness. As of that date, Countrywide Home
Loans had $12,471,678,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked equally with the other unsecured and unsubordinated indebtedness of
Countrywide Home Loans and will rank equally with the
Notes to which this Pricing Supplement relates.
Lehman Brothers Countrywide Securities Corporation
In connection with the offering, Lehman Brothers Inc. or its affiliates may
over-allot or effect transactions which
stabilize or maintain the market price of the Notes at a level that might
not otherwise prevail. This stabilizing, if commenced, may
be discontinued at any time and will be carried out in compliance with the
applicable laws, regulations and rules.
DESCRIPTION OF NOTES
The following information supplements and, to the extent inconsistent with,
replaces the description of the general terms
and provisions of the Countrywide Home Loans Medium-Term Notes, Series J,
contained in the accompanying Prospectus Supplement and
Prospectus.
Reopening
Countrywide Home Loans may, without the consent of the holders of the
Notes, reopen this issue of Notes and issue additional
notes of the same series with substantially similar terms.
Form and Settlement
The Notes will be represented by one or more global certificates in fully
registered form. Each global certificate will be
deposited with, or on behalf of, DTC and registered in the name of DTC or
its nominee. Investors may elect to hold their beneficial
interests in a global certificate through DTC, Clearstream Banking, Societe
Anonyme, or Euroclear Bank S.A./N.V., as operator of the
Euroclear System, if they are participants in such systems, or indirectly
through organizations that are participants in such
system. Clearstream and Euroclear will hold interests on behalf of their
participants through customers' securities accounts in
Clearstream's and Euroclear's names on the books of their respective
depositaries, which in turn will hold such interests in
customers' securities accounts in the depositaries names on DTC's books.
UNDERWRITING
Subject to the terms of a Terms Agreement, dated as of October 1, 2001,
among Countrywide Home Loans, Countrywide Credit
Industries and Lehman Brothers Inc. and Countrywide Securities Corporation
(collectively, the "Agents"), Countrywide Home Loans has
agreed to sell to the Agents, and the Agents have agreed severally to
purchase, the principal amounts of Notes set forth opposite
their names below:
Principal Amount
Agents of the Notes
______ __________________
Lehman Brothers Inc. $ 425,000,000
Countrywide Securities Corporation
75,000,000
$ 500,000,000
================================================================================
Under the terms and conditions of the Terms Agreement, the Agents are
committed to take and pay for all of the Notes, if any
are taken.
The Agents propose to offer the Notes initially at the public offering
price set forth on the cover page of this Pricing
Supplement and to certain dealers at such price less a concession not in
excess of .100% of the principal amount of the Notes. The
Agents may allow, and the dealers may reallow, a discount not in excess of
.075% of the principal amount of the Notes on sales to
certain other dealers. After the initial public offering, the public
offering price and other selling terms may from time to time be
varied by the Agents.
The Notes are a new issue of securities with no established trading market.
Countrywide Home Loans has been advised by the
Agents that they intend to make a market in the Notes, but they are not
obligated to do so and may discontinue market making at any
time without notice. No assurance can be given as to the liquidity of the
trading market for the Notes.
Countrywide Home Loans has agreed to indemnify the Agents against certain
liabilities under the Securities Act of 1933, as
amended, as described in the accompanying Prospectus Supplement.
__________________
You should rely only on the information contained or incorporated by
reference in this Pricing Supplement and the
accompanying Prospectus Supplement and Prospectus. Countrywide Home Loans,
Inc. and Countrywide Credit Industries, Inc. have not, and
the Agents have not, authorized any other person to provide you with
different information. If anyone provides you with different or
inconsistent information, you should not rely on it. Countrywide Home
Loans, Inc. and Countrywide Credit Industries, Inc. are not,
and the Agents are not, making an offer to sell these securities in any
jurisdiction where the offer or sale is not permitted.
You should assume that the information appearing in this Pricing Supplement
and the accompanying Prospectus Supplement and
Prospectus is accurate as of the date on the front cover of this Pricing
Supplement only. The business, financial condition, results
of operations and prospects of Countrywide Home Loans, Inc. and Countrywide
Credit Industries, Inc. may have changed since that date.