-----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, SnViQJzUx+NYEFxdJbqbDOG8pYnrxk6Re/HhI8tFgmvNQ40WIYKm+LVD58MsBWHz K+hdnlNloQIfoR2rE9MX2Q== 0000895345-97-000083.txt : 19970226 0000895345-97-000083.hdr.sgml : 19970226 ACCESSION NUMBER: 0000895345-97-000083 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970225 SROS: NONE 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: 97543296 BUSINESS ADDRESS: STREET 1: 155 NORTH LAKE AVE CITY: PASADENA STATE: CA ZIP: 91101-1857 BUSINESS PHONE: 8183048400 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: 97543297 BUSINESS ADDRESS: STREET 1: 155 N LAKE AVE CITY: PASADENA STATE: CA ZIP: 91109-7137 BUSINESS PHONE: 8183048400 424B3 1 Rule 424(b)(3) File Nos. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 20 DATED FEBRUARY 20, 1997 (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: February 20, 1997 Book Entry: [x] Issue Price: 100% Certificated:[ ] Original Issue Date: February 25, 1997 Principal Amount: $16,000,000 Stated Maturity Date: February 25, 2000 Net Proceeds: $15,944,000 Specified Currency: U.S. Dollars Base [ ] Commercial [x] LIBOR [ ] Certificate of Rate(s): Paper Telerate Page Deposit Rate Rate 3750 [ ] Treasury Rate [ ] Federal Funds [ ] Prime Rate Rate [ ] CMT Rate [ ] Eleventh [ ] Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest 5.59266% Minimum Interest Rate: N/A Rate: Interest Two Business Days prior Interest Factor N/A Determination Dates: to each Interest Payment Convention: Date Index Maturity: Three months Interest Reset Dates: Same as Interest Spread (plus or plus 12 Payment Dates minus): basis points Interest Payment Every February 25, May Spread Multiplier: N/A Dates: 25, August 25 and Fixed Rate N/A November 25, commencing Commencement Date: May 25, 1997 Fixed Interest Rate: N/A Agent: NationsBanc Capital Markets, Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite Check box opposite applicable paragraph: applicable paragraph: [x] The Notes cannot [x] The Notes cannot be be redeemed prior to repaid prior to maturity. maturity. [ ] The Notes may be [ ] The Notes may be repaid redeemed prior to prior to maturity. maturity. Optional Repayment Dates: Initial Redemption Date: Initial Redemption Precentage: Annual Redemption Percentage Reduction, if any: Additional/Other N/A Terms: ------------------------------ 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 November 30, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $304,849,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,526,615,000 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. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 21 DATED FEBRUARY 20, 1997 (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: February 20, 1997 Book Entry: [x] Issue Price: 100% Certificated:[ ] Original Issue Date: February 25, 1997 Principal Amount: $16,000,000 Stated Maturity Date: February 25, 2000 Net Proceeds: $15,944,000 Specified Currency: U.S. Dollars Base [ ] Commercial [x] LIBOR [ ] Certificate of Rate(s): Paper Telerate Page Deposit Rate Rate 3750 [ ] Treasury Rate [ ] Federal Funds [ ] Prime Rate Rate [ ] CMT Rate [ ] Eleventh [ ] Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest 5.59266% Minimum Interest Rate: N/A Rate: Interest Two Business Days prior Interest Factor N/A Determination Dates: to each Interest Payment Convention: Date Index Maturity: Three months Interest Reset Dates: Same as Interest Spread (plus or plus 12 Payment Dates minus): basis points Interest Payment Every February 25, May Spread Multiplier: N/A Dates: 25, August 25 and Fixed Rate N/A November 25, commencing Commencement Date May 25, 1997 Fixed Interest Rate: N/A Agent: J.P. Morgan Securities Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite Check box opposite applicable paragraph: applicable paragraph: [x] The Notes cannot [x] The Notes cannot be be redeemed prior to repaid prior to maturity. maturity. Optional Repayment Dates: [ ] The Notes may be [ ] The Notes may be repaid redeemed prior to prior to maturity. maturity. Optional Repayment Dates: Initial Redemption Date: Initial Redemption Percentage: Annual Redemption, Percentage Reduction if any: Additional/Other N/A Terms: ------------------------------ 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 November 30, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $304,849,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,526,615,000 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. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 22 DATED FEBRUARY 20, 1997 (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: February 20, 1997 Book Entry: [x] Issue Price: 100% Certificated:[ ] Original Issue Date: February 25, 1997 Principal Amount: $17,000,000 Stated Maturity Date: February 25, 2000 Net Proceeds: $16,940,500 Specified Currency: U.S. Dollars Base [ ] Commercial [x] LIBOR [ ] Certificate of Rate(s): Paper Telerate Page Deposit Rate Rate 3750 [ ] Treasury Rate [ ] Federal Funds [ ] Prime Rate Rate [ ] CMT Rate [ ] Eleventh [ ] Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest 5.59266% Minimum Interest Rate: N/A Rate: Interest Two Business Days prior Interest Factor N/A Determination Dates: to each Interest Payment Convention: Date Index Maturity: Three months Interest Reset Dates: Same as Interest Spread (plus or plus 12 Payment Dates minus): basis points Interest Payment Every February 25, May Spread Multiplier: N/A Dates: 25, August 25 and Fixed Rate N/A November 25, commencing Commencement Date: May 25, 1997 Fixed Interest Rate: N/A Agent: Lehman Brothers Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite Check box opposite applicable paragraph: applicable paragraph: [x] The Notes cannot [x] The Notes cannot be be redeemed prior to repaid prior to maturity. maturity: [ ] The Notes may be [ ] The Notes may be repaid redeemed prior to prior to maturity. maturity. Optional Repayment Dates: Initial Redemption Date: Initial Redemption Percentage Annual Redemption Percentage Reduction, if any: Additional/Other N/A Terms: ------------------------------ 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 November 30, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $304,849,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,526,615,000 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. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 23 DATED FEBRUARY 20, 1997 (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: February 20, 1997 Book Entry: [x] Issue Price: 100% Certificated:[ ] Original Issue Date: February 25, 1997 Principal Amount: $17,000,000 Stated Maturity Date: February 25, 2000 Net Proceeds: $16,940,500 Specified Currency: U.S. Dollars Base [ ] Commercial [x] LIBOR [ ] Certificate of Rate(s): Paper Telerate Page Deposit Rate Rate 3750 [ ] Treasury Rate [ ] Federal Funds [ ] Prime Rate Rate [ ] CMT Rate [ ] Eleventh [ ] Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest 5.59266% Minimum Interest Rate: N/A Rate: Interest Two Business Days prior Interest Factor N/A Determination Dates: to each Interest Payment Convention: Date Index Maturity: Three months Interest Reset Dates: Same as Interest Spread (plus or plus 12 Payment Dates minus): basis points Interest Payment Every February 25, May Spread Multiplier: N/A Dates: 25, August 25 and Fixed Rate N/A November 25, commencing Commencement Date: May 25, 1997 Fixed Interest Rate: N/A Agent: Goldman, Sachs and Company Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite Check box opposite applicable paragraph: applicable paragraph: [x] The Notes cannot [x] The Notes cannot be be redeemed prior to repaid prior to maturity. maturity. [ ] The Notes may be [ ] The Notes may be repaid redeemed prior to prior to maturity. maturity. Optional Repayment Dates: Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other N/A Terms: ------------------------------ 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 November 30, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $304,849,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,526,615,000 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. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 24 DATED FEBRUARY 20, 1997 (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: February 20, 1997 Book Entry: [x] Issue Price: 100% Certificated:[ ] Original Issue Date: February 25, 1997 Principal Amount: $17,000,000 Stated Maturity Date: February 25, 2000 Net Proceeds: $16,940,500 Specified Currency: U.S. Dollars Base [ ] Commercial [x] LIBOR [ ] Certificate of Rate(s): Paper Telerate Page Deposit Rate Rate 3750 [ ] Treasury Rate [ ] Federal Funds [ ] Prime Rate Rate [ ] CMT Rate [ ] Eleventh [ ] Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest 5.59266% Minimum Interest Rate: N/A Rate: Interest Two Business Days prior Interest Factor N/A Determination Dates: to each Interest Payment Convention: Date Index Maturity: Three months Interest Reset Dates: Same as Interest Spread (plus or plus 12 Payment Dates minus): basis points Interest Payment Every February 25, May Spread Multiplier: N/A Dates: 25, August 25 and Fixed Rate N/A November 25, commencing Commencement Date: May 25, 1997 Fixed Interest Rate: N/A Agent: Salomon Brothers Inc Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite Check box opposite applicable paragraph: applicable paragraph: [x] The Notes cannot [x] The Notes cannot be be redeemed prior to repaid prior to maturity. maturity. [ ] The Notes may be [ ] The Notes may be repaid redeemed prior to prior to maturity. maturity. Optional Repayment Dates: Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction if any: Additional/Other N/A Terms: ------------------------------ 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 November 30, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $304,849,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,526,615,000 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. 333-3835 and 333-3835-01 PRICING SUPPLEMENT NO. 25 DATED FEBRUARY 20, 1997 (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: February 20, 1997 Book Entry: [x] Issue Price: 100% Certificated:[ ] Original Issue Date: February 25, 1997 Principal Amount: $17,000,000 Stated Maturity Date: February 25, 2000 Net Proceeds: $16,940,500 Specified Currency: U.S. Dollars Base [ ] Commercial [x] LIBOR [ ] Certificate of Rate(s): Paper Telerate Page Deposit Rate Rate 3750 [ ] Treasury Rate [ ] Federal Funds [ ] Prime Rate Rate [ ] CMT Rate [ ] Eleventh [ ] Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest 5.59266% Minimum Interest Rate: N/A Rate: Interest Two Business Days prior Interest Factor N/A Determination Dates: to each Interest Payment Convention: Date Index Maturity: Three months Interest Reset Dates: Same as Interest Spread (plus or plus 12 Payment Dates minus): basis points Interest Payment Every February 25, May Fixed Rate N/A Dates: 25, August 25 and Commencement Date: November 25, commencing May 25, 1997 Fixed Interest Rate: N/A Agent: Merrill Lynch & Co. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite Check box opposite applicable paragraph: applicable paragraph: [x] The Notes cannot [x] The Notes cannot be be redeemed prior to repaid prior to maturity. maturity. [ ] The Notes may be [ ] The Notes may be repaid redeemed prior to prior to maturity. maturity. Optional Repayment Dates: Initial Redemption Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other N/A Terms: ------------------------------ 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 November 30, 1996, the Guarantor did not have any secured indebtedness outstanding, and CHL had $304,849,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,526,615,000 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-----