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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) July 26, 1999
Commercial Credit Company
(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.
Pursuant to a proposed reorganization (the "Reorganization"), Commercial
Credit Company ("CCC"), currently a subsidiary of Citigroup Inc. ("Citigroup"),
will become an indirect wholly owned subsidiary of Citicorp, another Citigroup
subsidiary. In connection with the Reorganization, Citicorp will issue a full
and unconditional guarantee (the "Guarantee") of all outstanding long-term debt
securities and commercial paper of CCC and CCC's debt securities and commercial
paper will no longer be separately rated. Subject to obtaining certain
regulatory approvals by the Securities and Exchange Commission, CCC intends,
following the issuance of the Guarantee and the filing of CCC's second quarter
10-Q, to cease filing periodic reports as required by the Securities Exchange
Act of 1934.
Citicorp and CCC intend to file a registration statement on Form S-3 for
the registration of the Guarantee and all market-making transactions in
the guaranteed long-term debt securities by affiliates of Citicorp and CCC,
including Salomon Smith Barney Inc., another subsidiary of Citigroup.
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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: July 23, 1999 COMMERCIAL CREDIT COMPANY
By /s/Firoz B. Tarapore
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Firoz B. Tarapore
Vice President and
Treasurer
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