Footnote continued from previous page
Footnote continued Rule 424(b)(3) File Nos. 333-82583 and 333-82583-01 Rule
424(b)(3) File Nos. 333-82583 and 333-82583-01
PRICING SUPPLEMENT NO. 1 DATED June 20, 2000
(To Prospectus Dated June 8, 2000, as Supplemented June 15, 2000)
COUNTRYWIDE HOME LOANS, INC.
Medium-Term Notes, Series I
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: June 20, 2000 Book Entry: |x| Issue Price: Variable Certificated:
|_| Original Issue Date: June 23, 2000 Principal Amount: $55,000,000 Stated
Maturity Date: June 25, 2001 Net Proceeds: $54,972,500 Specified Currency: U.S.
Dollars
Base Rate(s): |_| CD Rate |_| Eleventh District |_| Prime Rate Cost of Funds
Rate |_| Commercial Paper Rate |_| Federal Funds Rate |_| Treasury Rate |_| CMT
Rate |x| LIBOR |_| Other Telerate Page 3750
Exchange Rate Agent: N/A
Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate:
6.815% Minimum Interest Rate: N/A Interest Determination Dates: Two London
Business Days Interest Factor Convention: N/A prior to each Interest Payment
Date
Index Maturity: 3 months Interest Reset Dates: Same as Interest Payment Dates
Spread (plus or minus): plus 5 basis points Interest Payment Dates: Quarterly,
on the 25th day of Spread Multiplier: N/A March, June, September, December,
commencing September
25, 2000
Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A
Agent: Chase Securities Inc., as principal
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
maturity. |x| The Notes cannot be repaid prior to maturity. |_| The Notes may be
redeemed prior to maturity. |_| The Notes may be repaid prior 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 constitute
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with Countrywide Home Loan's other unsecured and unsubordinated
indebtedness. As of February 29, 2000, Countrywide Credit Industries did not
have any secured indebtedness outstanding, and Countrywide Home Loans had
$46,152,000 aggregate principal amount of secured indebtedness outstanding, all
of which was short-term indebtedness. As of that date, Countrywide Home Loans
had $8,081,216,000 aggregate principal amount of unsecured and unsubordinated
indebtedness outstanding, which indebtedness ranked equally with the other
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with the Notes to which this Pricing Supplement relates.
