-----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, B3pCH6UVxRWfcqeV6+BBDmRf4aAcnpBfWHpIGf2jEa+xP0JWWe9jk7cjbBYmJDEg AByUYbdnlEUPzlMSUELFFA== 0000895345-98-000633.txt : 19981016 0000895345-98-000633.hdr.sgml : 19981016 ACCESSION NUMBER: 0000895345-98-000633 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981015 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: 98726321 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: 98726322 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. 15 DATED October 13, 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: October 13, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 16, 1998 Principal Amount: $ 10,000,000 Stated Maturity Date: October 18, 1999 Net Proceeds: $ 9,995,000 Specified Currency: U.S. Dollars Base |_| Commercial Paper Rate |X| LIBOR |_| Certificate of Rate(s): Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.54906% Minimum Interest Rate: N/A Interest Determination Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or Payment Date minus): Plus 20 basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Interest Payment Dates: January 19, April Date: N/A 19, July 19 and Fixed Interest Rate: N/A October 18, 1999 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 to |X| The Notes cannot be repaid maturity. prior to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior maturity. 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 be unsecured and unsubordinated indebtedness of CHL and will rank equally 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 that date, CHL had $7,565,486,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with CHL's other unsecured and unsubordinated indebtedness and will rank equally with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 16 DATED October 13, 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: October 13, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 16, 1998 Principal Amount: $ 5,000,000 Stated Maturity Date: October 16, 2000 Net Proceeds: $ 4,982,500 Specified Currency: U.S. Dollars Base |_| Commercial Paper Rate |X| LIBOR |_| Certificate of Rate(s): Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.84906% Minimum Interest Rate: N/A Interest Determination Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or Payment Date minus): Plus 50 basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Interest Payment Dates: Every January 16, Date: N/A April 16, July 16 Fixed Interest Rate: N/A and October 16, commencing January 16, 1999 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 to |X| The Notes cannot be repaid maturity. prior to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior maturity. 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 be unsecured and unsubordinated indebtedness of CHL and will rank equally 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 that date, CHL had $7,565,486,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with CHL's other unsecured and unsubordinated indebtedness and will rank equally with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 17 DATED October 13, 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: October 13, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 16, 1998 Principal Amount: $ 30,000,000 Stated Maturity Date: October 15, 1999 Net Proceeds: $ 29,970,000 Specified Currency: U.S. Dollars Base |_| Commercial Paper Rate |X| LIBOR |_| Certificate of Rate(s): Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.59906% Minimum Interest Rate: N/A Interest Determination Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or Payment Date minus): Plus 25 basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Interest Payment Dates: January 15, April Date: N/A 16, July 16 and Fixed Interest Rate: N/A October 15, 1999 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 to |X| The Notes cannot be repaid maturity. prior to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior maturity. 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 be unsecured and unsubordinated indebtedness of CHL and will rank equally 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 that date, CHL had $7,565,486,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with CHL's other unsecured and unsubordinated indebtedness and will rank equally with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 18 DATED October 13, 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: October 13, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 16, 1998 Principal Amount: $ 10,000,000 Stated Maturity Date: October 15, 1999 Net Proceeds: $ 9,990,000 Specified Currency: U.S. Dollars Base |_| Commercial Paper Rate |X| LIBOR |_| Certificate of Rate(s): Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.59906% Minimum Interest Rate: N/A Interest Determination Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or Payment Date minus): Plus 25 basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Interest Payment Dates: January 15, April Date: N/A 16, July 16 and Fixed Interest Rate: N/A October 15, 1999 Agent: Salomon Brothers 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 to |X| The Notes cannot be repaid maturity. prior to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior maturity. 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 be unsecured and unsubordinated indebtedness of CHL and will rank equally 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 that date, CHL had $7,565,486,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with CHL's other unsecured and unsubordinated indebtedness and will rank equally with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 19 DATED OCTOBER 13, 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: October 13, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 16, 1998 Principal Amount: $ 10,000,000 Stated Maturity Date: October 16, 2000 Net Proceeds: $ 9,975,000 Interest Rate: 5.35% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Countrywide Securities Corporation Minimum Denomination: $1,000 Interest Payment Dates: April 16 and October 16, commencing April 16, 1999 Record Dates: April 1 and October 1 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. | | The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: -------------- The Notes to which this Pricing Supplement relates will be unsecured and unsubordinated indebtedness of CHL and will rank equally 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 that date, CHL had $7,565,486,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with CHL's other unsecured and unsubordinated indebtedness and will rank equally with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-58125 and 333-58125-01 PRICING SUPPLEMENT NO. 20 DATED OCTOBER 13, 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: October 13, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 29, 1998 Principal Amount: $ 60,000,000 Stated Maturity Date: October 29, 2018 Net Proceeds: $ 58,714,000 Interest Rate: 7.00% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Countrywide Securities Corporation Minimum Denomination: $1,000 Interest Payment Dates: Monthly on the 29th of the month, commencing November 29, 1998; February payment date is the 28th of that month Record Dates: Monthly on the 14th of the month of the corresponding Interest Payment Date Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |_| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |X| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: October 29, 2002 Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: The Notes may be redeemed at any time following the Initial Redemption Date upon 10 business days notice to the Holder -------------- The Notes to which this Pricing Supplement relates will be unsecured and unsubordinated indebtedness of CHL and will rank equally 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 that date, CHL had $7,565,486,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with CHL's other unsecured and unsubordinated indebtedness and will rank equally with the Notes to which this Pricing Supplement relates. -----END PRIVACY-ENHANCED MESSAGE-----