SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
NovaStar Financial, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
669947-40-0
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11 pages
NYFS08...:\60\47660\1237\70\SCH1238R.21A
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CUSIP NO. 669947-40-0 13G PAGE 2 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Capital Corporation, a New York corporation
13-1500700
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York, USA
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5 SOLE VOTING POWER
NUMBER OF
SHARES 1,333,332 (includes a warrant to acquire
BENEFICIALLY 666,666 shares)
OWNED BY ---------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 0
PERSON ---------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
1,333,332 (includes a warrant to acquire
666,666 shares)
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,333,332 (includes a warrant to acquire 666,666 shares)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.3%
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12 TYPE OF REPORTING PERSON
CO
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Page 2 of 11 pages
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CUSIP NO. 669947-40-0 13G PAGE 3 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Capital Services, Inc., a Delaware corporation
06-1109503
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
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5 SOLE VOTING POWER
NUMBER OF
SHARES Disclaimed (see 9 below)
BENEFICIALLY
OWNED BY ------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 0
PERSON ------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General
Electric Capital Services, Inc.
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
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12 TYPE OF REPORTING PERSON
CO
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Page 3 of 11 pages
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CUSIP NO. 669947-40-0 13G PAGE 4 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company, a New York corporation
14-0689340
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York, USA
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5 SOLE VOTING POWER
NUMBER OF
SHARES Disclaimed (see 9 below)
BENEFICIALLY
OWNED BY ------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 0
PERSON ------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General
Electric Company.
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
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12 TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 11 pages
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ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a) and (b) This statement relates to the common stock ("Common Stock")
of NovaStar Financial, Inc., a Maryland corporation (the "Issuer"). The address
of the principal executive offices of the Issuer is 1900 W. 47th Place,
Westwood, Kansas 66205.
ITEM 2. NAME OF PERSON FILING:
(a)-(c) This statement is being filed by General Electric Capital
Corporation ("GE Capital"), a New York corporation, for and on behalf of itself,
General Electric Capital Services, Inc. ("GECS") and General Electric Company
("GE"). The agreement among each of GE Capital, GECS and GE that this statement
be filed on behalf of each of them is attached hereto as Exhibit A. GECS is a
wholly-owned subsidiary of GE, and GE Capital is a subsidiary of GECS. GE
Capital's principal business office is located at 260 Long Ridge Road, Stamford,
Connecticut 06927. GECS is a Delaware corporation with its principal business
office located at 260 Long Ridge Road, Stamford, Connecticut 06927. GE is a New
York corporation with its principal business office located at 3135 Easton
Turnpike, Fairfield, Connecticut 06431.
(d)-(e) This statement relates to the Common Stock of the Issuer, par
value $.01 per share. The CUSIP No. for such shares is 669947-40-0.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee h Retirement Income Security Act
of 1974 or Endowment Fund; see ss. 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss. 240.13d-1(b)
(ii)(G); see Item 7.
(h) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
N/A
Page 5 of 11 pages
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ITEM 4. OWNERSHIP.
(a)-(c) The response of GE Capital, GECS and GE to Items 5, 7, 9 and 11
of each of their respective Cover Sheets which relate to the beneficial
ownership of the Common Stock of the Issuer is incorporated herein by reference.
Each of GE Capital, GECS and GE hereby expressly disclaims the
beneficial ownership of any Common Stock of the Issuer over which it does not
have sole dispositive power.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
N/A
Page 6 of 11 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Michael E. Pralle
------------------------------------
Name: Michael E. Pralle
Title: Vice President
Page 7 of 11 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Paul Licursi
------------------------------------
Name: Paul Licursi
Title: Attorney-in-Fact
Page 8 of 11 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1998
GENERAL ELECTRIC COMPANY
By: /s/ Michael E. Pralle
------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
Page 9 of 11 pages
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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A Joint Filing Agreement, dated February 12, 1998, among General
Electric Capital Corporation, General Electric Capital Services, Inc.
and General Electric Company to file joint statement on Schedule 13G.
Page 10 of 11 pages
EXHIBIT A
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JOINT FILING AGREEMENT
----------------------
This will confirm the agreement by and among all the undersigned that the
Schedule 13G filed on or about this date with respect to the beneficial
ownership of the undersigned of shares of the Common Stock, par value $.01 per
share, of NovaStar Financial, Inc. is being filed on behalf of each of the
undersigned. This agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Dated: February 12, 1998
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Michael E. Pralle
------------------------------------
Name: Michael E. Pralle
Title: Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Paul Licursi
------------------------------------
Name: Paul Licursi
Title: Attorney-in-Fact
GENERAL ELECTRIC COMPANY
By: /s/ Michael E. Pralle
------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
Page 11 of 11 pages
