FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of a Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month(s) of: January 4, 1999
NEWCOURT CREDIT GROUP INC.
BCE Place, 181 Bay Street
Suite 3500, P.O. Box 827
Toronto, Ontario
Canada, M5J 2T3
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.]
Form 20-F / / Form 40-F /X/
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
Yes / / No /X/
[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b)]
82-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: January 4, 1999
NEWCOURT CREDIT GROUP INC.
By: John P. Stevenson
Corporate Secretary
<PAGE>
News Release
For immediate release
Trading Symbol: NCT Contact: Robyn Matsumoto
Exchange Listings: Toronto Manager, Media
Montreal & Financial Communications
New York (416) 594-2400
Snap-on Incorporated and Newcourt Credit Group
complete transaction to form Snap-on Credit LLC
Kenosha, Wisconsin, and Toronto, Ontario-January
4, 1999-Snap-on Incorporated (NYSE: SNA) and
Newcourt Credit Group (TSE, ME, NYSE: NCT )
announced they completed arrangements on January
3, 1999 to form a new joint venture entity, Snap-
on Credit LLC ("Snap-on Credit"). Snap-on Credit
will be the preferred provider of financial
services to Snap-on's global dealer and customer
network.
As previously disclosed on December 2, 1998, the
new entity combines the operations and
commitments of Snap-on's existing captive finance
program with Newcourt's expertise in providing
tailored, flexible financing solutions to
industry leaders. The operations will be
established initially in the United States early
in 1999, and expanded globally thereafter.
Newcourt Credit Group is one of the world's
leading sources of commercial and corporate
asset-based financing with owned and managed
assets of Cdn$34.4 billion (US$22.4 billion) and
global capability in 26 countries.
Snap-on Incorporated is a $1.7 billion leading
global developer, manufacturer and distributor of
tool and equipment solutions for professional
technicians, motor service shop owners, specialty
repair centers, original equipment manufacturers,
and industrial tool users worldwide. Product
lines include hand and power tools, diagnostics
and shop equipment, tool storage units,
diagnostics software, and other solutions for the
transportation service industry.
