-----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, DmUW2EAUMR7AoabINmt0mXqOpx9PwZF/cv+n0E6PuKZa/XdEguH4gWd59sw4r3r6 NOamdhSKOZ52141L/03s0g== 0000895345-96-000198.txt : 19960809 0000895345-96-000198.hdr.sgml : 19960809 ACCESSION NUMBER: 0000895345-96-000198 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960808 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE FUNDING CORP CENTRAL INDEX KEY: 0000814509 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 954083087 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-03835-01 FILM NUMBER: 96605464 BUSINESS ADDRESS: STREET 1: 155 N LAKE AVE CITY: PASADENA STATE: CA ZIP: 91109-7137 BUSINESS PHONE: 8183048400 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE CREDIT INDUSTRIES INC CENTRAL INDEX KEY: 0000025191 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 132641992 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-03835 FILM NUMBER: 96605465 BUSINESS ADDRESS: STREET 1: 155 NORTH LAKE AVE CITY: PASADENA STATE: CA ZIP: 91101-1857 BUSINESS PHONE: 8183048400 424B3 1 Rule 424(b)(3) File Nos. 33-59559, 33-59559-01, 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 1 DATED AUGUST 5, 1996 (To Prospectus Dated July 26, 1996, as Supplemented August 2, 1996) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series E 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: August 5, 1996 Book Entry: /x/ Issue Price: 100% Certificated: / / Original Issue Date: August 8, 1996 Principal Amount: $51,000,000 Stated Maturity Date: August 8, 2000 Net Proceeds: $50,770,500 Specified Currency: U.S. Dollars Base / / Commercial /x/ LIBOR / / Certificate Rate(s): Paper Rate / / Telerate of Deposit Page 3750 Rate / / Treasury Rate / / Federal / / Prime Rate Funds Rate / / CMT Rate / / Eleventh / / Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: Minimum Interest Rate: N/A 5.71906% Interest Determination Dates: Interest Factor Convention: Two Business Days prior to each N/A Interest Payment Date Index Maturity: Three months Interest Reset Dates: Same as Spread (plus or minus): plus Interest Payment Dates 18 basis points Interest Payment Dates: Every Spread Multiplier: N/A February 8, May 8, August 8 and November 8, commencing November 8, 1996 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: Lehman Brothers Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph. /x/ The Notes cannot be /x/ The Notes cannot be redeemed prior to maturity. repaid prior to maturity. / / The Notes may be redeemed / / The Notes may be repaid prior to maturity. prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A ___________________ The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of May 31, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,036,853,963 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 2 DATED AUGUST 5, 1996 (To Prospectus Dated July 26, 1996, as Supplemented August 2, 1996) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series E 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: August 5, 1996 Book Entry: /x/ Issue Price: 100% Certificated: / / Original Issue Date: August 8, 1996 Principal Amount: $45,000,000 Stated Maturity Date: August 8, 2000 Net Proceeds: $44,797,500 Specified Currency: U.S. Dollars Base / / Commercial /x/ LIBOR / / Certificate Rate(s): Paper Rate / / Telerate of Deposit Page 3750 Rate / / Treasury Rate / / Federal / / Prime Rate Funds Rate / / CMT Rate / / Eleventh / / Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: Minimum Interest Rate: N/A 5.71906% Interest Determination Dates: Interest Factor Convention: Two Business Days prior to each N/A Interest Payment Date Index Maturity: Three months Interest Reset Dates: Same as Spread (plus or minus): plus Interest Payment Dates 18 basis points Interest Payment Dates: Every Spread Multiplier: N/A February 8, May 8, August 8 and November 8, commencing November 8, 1996 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: Salomon Brothers Inc Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph. /x/ The Notes cannot be /x/ The Notes cannot be redeemed prior to maturity. repaid prior to maturity. / / The Notes may be redeemed / / The Notes may be repaid prior to maturity. prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A ___________________ The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of May 31, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,036,853,963 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 3 DATED AUGUST 5, 1996 (To Prospectus Dated July 26, 1996, as Supplemented August 2, 1996) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series E 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: August 5, 1996 Book Entry: /x/ Issue Price: 100% Certificated: / / Original Issue Date: August 8, 1996 Principal Amount: $20,000,000 Stated Maturity Date:August 8, 2000 Net Proceeds: $19,910,000 Specified Currency: U.S. Dollars Base / / Commercial /x/ LIBOR / / Certificate Rate(s): Paper Rate / / Telerate of Deposit Page 3750 Rate / / Treasury Rate / / Federal / / Prime Rate Funds Rate / / CMT Rate / / Eleventh / / Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: Minimum Interest Rate: N/A 5.71906% Interest Determination Dates: Interest Factor Convention: Two Business Days prior to each N/A Interest Payment Date Index Maturity: Three months Interest Reset Dates: Same as Spread (plus or minus): plus Interest Payment Dates 18 basis points Interest Payment Dates: Every Spread Multiplier: N/A February 8, May 8, August 8 and November 8, commencing November 8, 1996 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: Goldman Sachs & Co. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph. /x/ The Notes cannot be /x/ The Notes cannot be redeemed prior to maturity. repaid prior to maturity. / / The Notes may be redeemed / / The Notes may be repaid prior to maturity. prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A ___________________ The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of May 31, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,036,853,963 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 4 DATED AUGUST 5, 1996 (To Prospectus Dated July 26, 1996, as Supplemented August 2, 1996) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series E 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: August 5, 1996 Book Entry: /x/ Issue Price: 100% Certificated: / / Original Issue Date: August 8, 1996 Principal Amount: $49,000,000 Stated Maturity Date: August 8, 2000 Net Proceeds: $48,779,500 Specified Currency: U.S. Dollars Base / / Commercial /x/ LIBOR / / Certificate Rate(s): Paper Rate / / Telerate of Deposit Page 3750 Rate / / Treasury Rate / / Federal / / Prime Rate Funds Rate / / CMT Rate / / Eleventh / / Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: Minimum Interest Rate: N/A 5.71906% Interest Determination Dates: Interest Factor Convention: Two Business Days prior to each N/A Interest Payment Date Index Maturity: Three months Interest Reset Dates: Same as Spread (plus or minus): plus Interest Payment Dates 18 basis points Interest Payment Dates: Every Spread Multiplier: N/A February 8, May 8, August 8 and November 8, commencing November 8, 1996 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: NationsBanc Capital Markets, Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph. /x/ The Notes cannot be /x/ The Notes cannot be redeemed prior to maturity. repaid prior to maturity. / / The Notes may be redeemed / / The Notes may be repaid prior to maturity. prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A ___________________ The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of May 31, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,036,853,963 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 5 DATED AUGUST 5, 1996 (To Prospectus Dated July 26, 1996, as Supplemented August 2, 1996) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series E 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: August 5, 1996 Book Entry: /x/ Issue Price: 100% Certificated: / / Original Issue Date: August 8, 1996 Principal Amount: $35,000,000 Stated Maturity Date: August 8, 2000 Net Proceeds: $34,842,500 Specified Currency: U.S. Dollars Base / / Commercial /x/ LIBOR / / Certificate Rate(s): Paper Rate / / Telerate of Deposit Page 3750 Rate / / Treasury Rate / / Federal / / Prime Rate Funds Rate / / CMT Rate / / Eleventh / / Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: Minimum Interest Rate: N/A 5.71906% Interest Determination Dates: Interest Factor Convention: Two Business Days prior to each N/A Interest Payment Date Index Maturity: Three months Interest Reset Dates: Same as Spread (plus or minus): plus Interest Payment Dates 18 basis points Interest Payment Dates: Every Spread Multiplier: N/A February 8, May 8, August 8 and November 8, commencing November 8, 1996 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: Merrill Lynch & Co. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph. /x/ The Notes cannot be /x/ The Notes cannot be redeemed prior to maturity. repaid prior to maturity. / / The Notes may be redeemed / / The Notes may be repaid prior to maturity. prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A ___________________ The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of May 31, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,036,853,963 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 6 DATED AUGUST 5, 1996 (To Prospectus Dated July 26, 1996, as Supplemented August 2, 1996) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series E 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: August 6, 1996 Book Entry: /x/ Issue Price: 100% Certificated: / / Original Issue Date: August 9, 1996 Principal Amount: $10,000,000 Stated Maturity Date: August 9, 2000 Net Proceeds: $9,955,000 Specified Currency: U.S. Dollars Base / / Commercial /x/ LIBOR / / Certificate Rate(s): Paper Rate / / Telerate of Deposit Page 3750 Rate / / Treasury Rate / / Federal / / Prime Rate Funds Rate / / CMT Rate / / Eleventh / / Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: Minimum Interest Rate: N/A 5.71906% Interest Determination Dates: Interest Factor Convention: Two Business Days prior to each N/A Interest Payment Date Index Maturity: Three months Interest Reset Dates: Same as Spread (plus or minus): plus Interest Payment Dates 18 basis points Interest Payment Dates: Every Spread Multiplier: N/A February 9, May 9, August 9 and November 9, commencing November 9, 1996 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: J.P. Morgan Securities Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph. /x/ The Notes cannot be /x/ The Notes cannot be redeemed prior to maturity. repaid prior to maturity. / / The Notes may be redeemed / / The Notes may be repaid prior to maturity. prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A ___________________ The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of May 31, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,036,853,963 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. -----END PRIVACY-ENHANCED MESSAGE-----