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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 8, 1997
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Commercial Credit Company
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(Exact name of registrant as specified in its charter)
Delaware 1-6594 52-0883351
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
300 Saint Paul Place, Baltimore, Maryland 21202
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(Address of principal executive offices) (Zip Code)
(410) 332-3000
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(Registrant's telephone number, including area code)
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COMMERCIAL CREDIT COMPANY
Current Report on Form 8-K
Item 5. OTHER EVENTS.
On June 8, 1997, Commercial Credit Company (the "Company") entered
into an agreement with BankAmerica Financial, Inc. to acquire all of the
issued and outstanding capital stock of Security Pacific Finance System
Incorporated for approximately $1.6 billion in cash, subject to certain
adjustments. The agreement is subject to various regulatory approvals and
other customary conditions. The transaction is expected to be completed
during the third quarter of 1997.
Financing for the proposed transaction is expected to consist of a
combination of an equity contribution of approximately $500 million by
Travelers Group Inc., the Company's parent, and debt of the Company.
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SIGNATURE
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 hereunto duly authorized.
Dated: June 9, 1997 COMMERCIAL CREDIT COMPANY
By /s/ William T. Bozarth
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William T. Bozarth
Vice President and
Controller
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