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) January 24, 1996
FORD MOTOR CREDIT COMPANY
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(Exact name of registrant as specified in its charter)
INCORPORATED IN DELAWARE 1-6368 38-1612444
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(State or other juris- (Commission File Number) (IRS Employer
diction of incorporation) Identification
No.)
THE AMERICAN ROAD, DEARBORN, MICHIGAN 48121
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
<PAGE>
ITEM 5. OTHER EVENTS
Ford Motor Credit Company, a Delaware corporation (the
"Company"), has registered Debt Securities ("Debt Securities")
pursuant to Registration Statement No. 33-55237. The Debt
Securities were registered on Form S-3 to be offered on a delayed
or continuous basis pursuant to Rule 4l5 under the Securities Act
of 1933. The Company has created a series of Debt Securities for
issuance under an Indenture dated as of August 1, 1994, between
the Company and First Union National Bank (formerly First Fidelity
Bank, National Association) (the "Indenture") in the aggregate
principal amount of $500,000,000. Such series has been designated
as the Company's 5 3/4% Notes due January 25, 2001 (the "Notes").
The entire issue of the Notes will be represented by three Global
Securities, two each in the aggregate principal amount of
$200,000,000 and one in the aggregate principal amount of
$100,000,000 (the "Global Securities") except that in certain
circumstances as provided in such Indenture, the Global Securities
will be exchanged for Notes in definitive form (the "Definitive
Notes"). Copies of the form of specimen Global Security and form of
Definitive Note are being filed as exhibits to this Report.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
EXHIBITS
DESIGNATION DESCRIPTION METHOD OF FILING
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Exhibit 4.1 Form of specimen Global Security Filed with
relating to Ford Motor Credit this Report.
Company's 5 3/4% Notes due
January 25, 2001.
Exhibit 4.2 Form of Definitive Note relating Filed with
to Ford Motor Credit Company's this Report.
5 3/4% Notes due January 25, 2001.
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 thereunto duly authorized
on the date indicated.
FORD MOTOR CREDIT COMPANY
(Registrant)
Date: January 24, 1996 By: /s/ R. P. Conrad
------------------------
R. P. Conrad
Assistant Secretary
<PAGE>
EXHIBIT INDEX
DESIGNATION DESCRIPTION
- ----------- -----------
Exhibit 4.1 Form of specimen Global Security
relating to Ford Motor Credit
Company's 5 3/4% Notes due
January 25, 2001.
Exhibit 4.2 Form of Definitive Note relating
to Ford Motor Credit Company's
5 3/4% Notes due January 25, 2001.
[FORM OF GLOBAL SECURITY] EXHIBIT 4.1
EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.05 OF THE INDENTURE, THIS
SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER
NOMINEE OF THE DEPOSITORY OR TO A SUCCESSOR DEPOSITORY OR TO A NOMINEE OF
SUCH SUCCESSOR DEPOSITORY.
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York Corporation ("DTC"), to Issuer or its
agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL insomuch as the registered owner
hereof, Cede & Co., has an interest herein.
FORD MOTOR CREDIT COMPANY
R1 $200,000,000 CUSIP 345397 NL 3
5 3/4% Notes due January 25, 2001
FORD MOTOR CREDIT COMPANY, a corporation duly organized and
existing under the laws of the State of Delaware (herein called
the "Company", which term includes any successor corporation
under the Indenture hereinafter referred to), for value received,
hereby promises to pay to CEDE & CO., or registered assigns, the
principal sum of TWO HUNDRED MILLION DOLLARS ($200,000,000) on
January 25, 2001, and to pay interest thereon from January 25,
1996 or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on
January 25th and July 25th in each year, commencing July 25,
1996, at the rate of 5 3/4% per annum, until the principal hereof
is paid or made available for payment. The interest so payable,
and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities)
is registered at the close of business on the Regular Record Date
for such interest, which shall be the fifteenth day (whether or
not a Business Day) preceding such Interest Payment Date.
Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder hereof on
such Regular Record Date and may either be paid to the Person in
whose name this Security (or one or more Predecessor Securities)
is registered at the close of business on a Special Record Date
for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to the Holder hereof not
less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities
of this series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in the
Indenture.<PAGE>
Payment of the principal of and any interest on this
Security will be made at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, the City
and State of New York, or the City of Phildelphia, the
Commonwealth of Pennsylvania, in such coin or currency of the
United States of America as at the time of payment is legal
tender for payment of public and private debts and in immediately
available funds; provided, however, that at the option of the
Company, payment of interest may be made by wire transfer of
immediately available funds to an account of the Person entitled
thereto as such account shall be provided to the Security
Registrar and shall appear in the Security Register.
This Security is one of the duly authorized securities of
the Company (herein called the "Securities") issued and to be
issued in one or more series under an Indenture dated as of
August 1, 1994 (the "Indenture"), between the Company and First
Union National Bank (formerly First Fidelity Bank, National
Association), as Trustee (herein called the "Trustee," which term
includes any successor trustee under the Indenture with respect
to the series of Securities represented hereby), to which
Indenture and all indentures supplemental thereto reference is
hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon
which the Securities are, and are to be, authenticated and
delivered. This Security is a Global Security representing
$200,000,000 aggregate principal amount of the Company's 5 3/4%
Notes due January 25, 2001, limited in aggregate principal amount
to $500,000,000.
This Global Security is not subject to redemption.
If an Event of Default with respect to this Global Security
shall occur and be continuing, the principal hereof may be
declared due and payable in the manner and with the effect
provided in the Indenture.
The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Holders of the Securities of each series to be affected under the
Indenture at any time by the Company and the Trustee with the
consent of the Holders of 66 2/3% in principal amount of the
Outstanding Securities of each series to be affected. The
Indenture also contains provisions permitting the Holders of
specified percentages in principal amount of the Outstanding
Securities of each series, on behalf of the Holders of all
Outstanding Securities of such series, to waive compliance by the
Company with certain provisions of the Indenture and certain past
defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Global Security shall be
conclusive and binding upon such Holder and upon all future
Holders of this Global Security and of any Global Security issued
upon the registration of transfer hereof or in lieu hereof,
whether or not notation of such consent or waiver is made upon
this Global Security.
No reference herein to the Indenture and no provision of
this Global Security or of the Indenture shall alter or impair
the obligation of the Company, which is absolute and
unconditional, to pay the amount of principal of and interest on
this Global Security herein provided, and at the times, place and
rate, and in the coin or currency, herein prescribed.
As provided in the Indenture and subject to certain
limitations therein set forth, particularly the limitation set
forth in Section 2.05(b) of the Indenture, the transfer of this
Global Security is registrable in the Security Register, upon
surrender of this Global Security for registration of transfer at
the office or agency of the Company in any place where the
principal of and interest on this Global Security are payable,
duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security
Registrar duly executed by, the Holder hereof or his attorney
duly authorized in writing, and thereupon a new Global Security
of this series for the same aggregate principal amount will be
issued to the designated transferee or transferees.
No service charge shall be made for any such registration of
transfer, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in
connection therewith.
Prior to due presentment of this Global Security for
registration of transfer, the Company, the Trustee and any agent
of the Company or the Trustee may treat the Person in whose name
this Global Security is registered as the owner hereof for all
purposes, whether or not this Global Security be overdue, and
neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.
Upon the occurrence of an event described in Section 2.05
(c) of the Indenture, the Holder hereof shall surrender this
Global Security to the Trustee for cancellation whereupon, in
accordance with said Section 2.05 (c), the Company will execute
and the Trustee will authenticate and deliver Securities of this
series in definitive registered form without coupons, in
denominations of $1,000 and any integral multiple thereof, and in
an aggregate principal amount equal to the principal amount of
this Global Security in exchange for this Global Security.
All terms used in this Global Security which are defined in
the Indenture shall have the meanings assigned to them in the
Indenture.
Unless the certificate of authentication hereon has been
executed by the Trustee by manual signature, this Global Security
shall not be entitled to any benefit under the Indenture or be
valid or obligatory for any purpose.
IN WITNESS WHEREOF, Ford Motor Credit Company has caused
this instrument to be signed by its Chairman of the Board, or its
President, or one of its Vice Presidents, and by its Treasurer or
one of its Assistant Treasurers, manually or in facsimile, and
its corporate seal to be imprinted hereon.
Dated: January 25, 1996
FORD MOTOR CREDIT COMPANY
By /Specimen
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Chairman of the Board
[CORPORATE SEAL]
By /Specimen
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Treasurer
Attest: /Specimen
--------------------
Assistant Secretary
<PAGE>
TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is the Global Security of the series designated
therein referred to in the within-mentioned Indenture.
FIRST UNION NATIONAL BANK
(FORMERLY FIRST FIDELITY BANK,
NATIONAL ASSOCIATION), As Trustee,
By
---------------------
Authorized Officer
<PAGE>
FOR VALUE RECEIVED, the undersigned hereby sells,
assigns and transfers unto
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
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- --------------------------------------------------------------------------
(Print or Type Name and Address including Zip Code of Assignee)
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the within Global Security, and all rights thereunder, hereby irrevocably
constituting and appointing
- -------------------------------------------------------------------attorney
to transfer said Global Security on the books of the Company, with full
power of substitution in the premises.
Dated:
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NOTE: The signature to this assignment must correspond with the name
as written upon the face of the within Global Security in every particular
without alteration or enlargement or any change whatsoever and must be
guaranteed by a commercial bank or trust company having its principal office
or correspondent in The City of New York or by a member of the New York
Stock Exchange.
EXHIBIT 4.2
[FORM OF FACE OF NOTE]
NO. FORD MOTOR CREDIT COMPANY $
5 3/4% Notes due January 25, 2001
FORD MOTOR CREDIT COMPANY, a corporation duly organized and existing
under the laws of the State of Delaware (herein called the "Company", which
term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to ----------------,
or registered assigns, the principal sum of ---------------------------------
DOLLARS on January 25, 2001, and to pay interest thereon from January 25,
1996 or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually on January 25 and July 25 in each
year, commencing July 25, 1996, at the rate of 5 3/4% per annum, until
the principal hereof is paid or made available for payment. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the Person in whose name
this Security (or one or more Predecessor Securities) is registered at the
close of business on the Regular Record Date for such interest, which shall
be the fifteenth day (whether or not a business day) preceding such Interest
Payment Date.
Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and
may either be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to the Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in the Indenture.
Payment of the principal of and any interest on this Security will be
made at the office or agency of the Company maintained for that purpose in
the Borough of Manhattan, the City and State of New York, or the City of
Philadelphia, the Commonwealth of Pennsylvania, in such coin or currency of
the United States of America as at the time of payment is legal tender for
payment of public and private debts; provided, however, that at the option of
the Company, payment of interest may be made by check mailed to the address
of the Person entitled thereto as such address shall appear in the Security
Register.
Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
<PAGE>
Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.
IN WITNESS WHEREOF, Ford Motor Credit Company has caused this instrument
to be signed by its Chairman of the Board, or its President, or one of its
Vice Presidents, and by its Treasurer or one of its Assistant Treasurers,
manually or in facsimile, and a facsimile of its corporate seal to be
imprinted hereon.
Dated: FORD MOTOR CREDIT COMPANY
By
[CORPORATE SEAL] By
TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the series designated therein referred
to in the within-mentioned Indenture.
First Union National Bank
(formerly First Fidelity Bank, National Association),
As Trustee,
By
------------------------------
Authorized Officer
[FORM OF REVERSE OF NOTE]
FORD MOTOR CREDIT COMPANY
5 3/4% Notes due January 25, 2001
This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities") issued and to be issued in one or
more series under an Indenture dated as of August 1, 1994 (the "Indenture"),
between the Company and First Union National Bank (formerly First Fidelity
Bank, National Association), Trustee (herein called the "Trustee", which
term includes any successor trustee under the Indenture with respect to the
series of which this Security is a part), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities
and of the terms upon which the Securities are, and are to be, authenticated
and delivered. This Security is one of the Securities of the series
designated on the face hereof, limited in aggregate principal amount to
$500,000,000.
<PAGE>
The Securities of this series are not subject to redemption.
If an Event of Default with respect to the Securities of this series
shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in
the Indenture.
The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of 66 2/3% in principal amount of the Outstanding
Securities of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal
amount of the Outstanding Securities of each series, on behalf of the Holders
of all Outstanding Securities of such series, to waive compliance by the
Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by
the Holder of this Security shall be conclusive and binding upon such Holder
and upon all future Holders of this Security and of any Security issued upon
the registration of transfer hereof or in exchange or in lieu hereof, whether
or not notation of such consent or waiver is made upon this Security.
No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the amount of principal of and
interest on this Security herein provided, and at the times, place and rate,
and in the coin or currency, herein prescribed.
As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Security
Register, upon surrender of this Security for registration of transfer at the
office or agency of the Company in any place where the principal of and
interest on this Security are payable, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this
series, of authorized denominations and for the same aggregate principal
amount, will be issued to the designated transferee or transferees.
<PAGE>
The Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and any integral multiple thereof.
As provided in the Indenture and subject to certain limitations therein set
forth, Securities of this series are exchangeable for a like aggregate
principal amount of Securities of this series of different authorized
denominations as requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.
Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Security is registered as the owner
hereof for all purposes, whether or not this Security be overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to
the contrary.
All terms used in this Security which are defined in the Indenture shall
have the meanings assigned to them in the Indenture.
