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Rule 424(b)(3)
Registration Stmt. No. 33-63343
Pricing Supplement No. 1 Dated: February 22, 1996
(To Prospectus dated October 25, 1995 and
Prospectus Supplement dated February 15, 1996)
FINOVA CAPITAL CORPORATION
(Formerly Greyhound Financial Corporation)
Medium-Term Notes, Series C - Fixed Rate
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Principal Amount: $50,000,000 Trade Date: 2/22/96
Issue Price: 100% Original Issue Date: 2/27/96
Interest Rate: 5.98% Net Proceeds to Issuer: $49,750,000
Stated Maturity Date: 2/27/01 Agent's Discount or Commission: $250,000
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Interest Payment Dates: Semiannually on each March 15
and September 15 and at Maturity
Commencing on March 15, 1996
Day Count Convention:
( X ) 30/360 for the period from February 27, 1996 to February 27, 2001
( ) Actual /360 for the period from to
( ) Actual/Actual for the period from to
Redemption:
( X ) The Notes cannot be redeemed prior to the Stated Maturity Date.
( ) The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Optional Repayment:
( X ) The Notes cannot be repaid prior to the Stated Maturity Date.
( ) The Notes can be repaid prior to the Stated Maturity Date at the
option of the holder of the Notes.
Optional Repayment Date(s):
Currency:
Specified Currency:
(If other than U.S. dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currently is other than
U.S. dollars)
Original Issue Discount: ( ) Yes ( X ) No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: ( X ) Book-Entry ( ) Certificated
Lehman Brothers X Citicorp Securities, Inc. Goldman, Sachs & Co.
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Merrill Lynch & Co. CS First Boston Morgan Stanley & Co. Incorporated
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