-----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, HcoGY/ul2HxL/x3SN7TtmHdRdPxNC0GqjbAM9oErcxDw8/MtiHzh6xJ5X0Phe+Ym EexQzUKls1CoQvi1sc8qBA== 0000895345-98-000408.txt : 19980727 0000895345-98-000408.hdr.sgml : 19980727 ACCESSION NUMBER: 0000895345-98-000408 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980724 SROS: NYSE SROS: PCX 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: SEC FILE NUMBER: 333-58125-01 FILM NUMBER: 98670710 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 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: SEC FILE NUMBER: 333-58125 FILM NUMBER: 98670711 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 424B3 1 PROSPECTUS SUPPLEMENT Rule 424(b)(3) File Nos. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 1 DATED July 21, 1998 (To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES G 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: July 21, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: July 24, 1998 Principal Amount: $25,000,000 Stated Maturity Date: July 26, 1999 Net Proceeds: $24,987,500 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.68750% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus): N/A Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every January 26, Fixed Rate Commencement April 26, July 26 Date: N/A and October 26, Fixed Interest Rate: N/A commencing October 26, 1998 Agent: Countrywide Securities Corporation Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid 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, 1998 the Guarantor did not have any secured indebtedness outstanding, and CHL had $586,135,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,565,486,000 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. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 2 DATED July 21, 1998 (To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES G 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: July 21, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: July 24, 1998 Principal Amount: $135,000,000 Stated Maturity Date: July 26, 1999 Net Proceeds: $134,932,500 Specified Currency:U.S. Dollars Base |_| Commercial Paper |_| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |x| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.69000% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or minus): Interest Reset Dates: Same as Interest Minus 281 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every January 26, Fixed Rate Commencement April 26, July 26 Date: N/A and October 26, Fixed Interest Rate: N/A commencing October 26, 1998 Agent: Chase Securities Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid 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, 1998 the Guarantor did not have any secured indebtedness outstanding, and CHL had $586,135,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,565,486,000 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. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 3 DATED July 21, 1998 (To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES G 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: July 21, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: July 24, 1998 Principal Amount: $80,000,000 Stated Maturity Date: July 26, 1999 Net Proceeds: $79,960,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.68750% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus): N/A Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every January 26, Fixed Rate Commencement April 26, July 26 Date: N/A and October 26, Fixed Interest Rate: N/A commencing October 26, 1998 Agent: Chase Securities Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid 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, 1998 the Guarantor did not have any secured indebtedness outstanding, and CHL had $586,135,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,565,486,000 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. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 4 DATED July 21, 1998 (To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES G 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: July 21, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: July 24, 1998 Principal Amount: $50,000,000 Stated Maturity Date: July 26, 1999 Net Proceeds: $49,975,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |_| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |x| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.73000% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: One Business Day Convention: N/A prior to each Interest Index Maturity: Daily Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 18 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every January 26, Fixed Rate Commencement April 26, July 26 Date: N/A and October 26, Fixed Interest Rate: N/A commencing October 26, 1998 Agent: Merrill Lynch & Co. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid 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, 1998 the Guarantor did not have any secured indebtedness outstanding, and CHL had $586,135,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,565,486,000 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. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 5 DATED July 21, 1998 (To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES G 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: July 21, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: July 24, 1998 Principal Amount: $50,000,000 Stated Maturity Date: July 26, 1999 Net Proceeds: $49,970,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.65625% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: One month Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus): N/A Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every January 26, Fixed Rate Commencement April 26, July 26 Date: N/A and October 26, Fixed Interest Rate: N/A commencing October 26, 1998 Agent: Merrill Lynch & Co. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid 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, 1998 the Guarantor did not have any secured indebtedness outstanding, and CHL had $586,135,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,565,486,000 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. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 6 DATED July 21, 1998 (To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES G 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. FIXED RATE NOTES ------------------- Trade Date: July 21, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: August 17, 1998 Principal Amount: $25,000,000 Stated Maturity Date: August 17, 2018 Net Proceeds: $24,680,000 Specified Currency:U.S. Dollars Exchange Rate Agent: N/A Agent: Countrywide Securities Corporation Minimum Denomination: $1,000 Interest Payment Dates: February 17 and August 17, commencing February 17, 1999 Record Dates: February 2 and August 2 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |_| The Notes cannot be redeemed prior |x| The Notes cannot be repaid to maturity. prior to maturity. |x| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to maturity. Initial Redemption Date: August 17, 2000 Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: The Notes may be redeemed prior to maturity with 10 days notice to the bondholder ------------------- 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, 1998 the Guarantor did not have any secured indebtedness outstanding, and CHL had $586,135,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,565,486,000 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-----