HELLER FINANCIAL INC
8-K, 1998-10-20
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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<PAGE>
 
                      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:  October 19, 1998
                                        ----------------
                       (Date of earliest event reported)



                            HELLER FINANCIAL, INC.
                            ----------------------
            (Exact name of registrant as specified in its charter)



                                   Delaware
                                   --------
                (State or other jurisdiction of incorporation)



                1-6157                                36-1208070
                ------                                ----------
        (Commission File Number)         (IRS Employer Identification Number)


               500 West Monroe Street, Chicago, Illinois          60661
               -----------------------------------------          -----
             (Address of principal executive offices)           (Zip Code)


                                (312) 441-7000
                                --------------
             (Registrant's telephone number, including area code)

                                       1
<PAGE>
 
Item 5.   Other Events
- -------   ------------

On October 19, 1998, Heller Financial, Inc. (the "Registrant") issued a press
release announcing the declaration of dividends on its two classes of common
stock, Class A Common Stock (which was issued in May, 1998 and is held publicly)
and Class B Common Stock (all of which is held of record by Fuji America
Holdings, Inc.), and on two of the company's preferred stocks, Cumulative
Perpetual Senior Preferred Stock, Series A, and Fixed Rate Noncumulative
Perpetual Senior Preferred Stock, Series C. A copy of the press release is
attached.



Item 7.   Financial Statements and Exhibits
- -------   ---------------------------------

(c)  Exhibits

99     Heller Financial, Inc. - Press Release



                                   SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


Dated:  October 19, 1998
       -----------------



                                       HELLER FINANCIAL, INC.



                                       By:     /s/ Lauralee E. Martin
                                               ----------------------
                                               Lauralee E. Martin
                                       Title:  Executive Vice President and
                                               Chief Financial Officer

                                       2
<PAGE>
 
                                 EXHIBIT INDEX
                                        


Exhibit                                           Sequentially
Number                                            Numbered Pages
- ------                                            --------------

99    Heller Financial, Inc. - Press Release      4

                                       3

<PAGE>
 
                       Heller Financial, Inc. Announces
         Dividend Declarations for Class A and B Common Stocks and for
                    Series A and Series C Preferred Stocks
                                        
     (Chicago, IL, October 16, 1998) --Heller Financial, Inc. (NYSE: HF) today
declared dividends on its two classes of common stock, Class A Common Stock
(which was issued in May, 1998 and is held publicly) and Class B (all of which
is held of record by Fuji America Holdings, Inc.), and on two of the company's
preferred stocks, Cumulative Perpetual Senior Preferred Stock, Series A, and
Fixed Rated Noncumulative Perpetual Senior Preferred Stock, Series C.

     The company declared a quarterly dividend of $0.09 on each outstanding
share of its Class A Common Stock and Class B Common Stock, payable on November
16, 1998 to the holders of record thereof on October 30, 1998. In total,
approximately 90,000,000 shares of Class A and Class B Common stock are
outstanding.

     The company declared a quarterly dividend of $0.5078125 on each share of
the 5,000,000 outstanding shares of the Cumulative Perpetual Senior Preferred
Stock, Series A, payable on November 16, 1998 to the holders of record thereof
on October 30, 1998.

     The company also declared a quarterly dividend of $1.67175 on each share of
the 1,500,000 outstanding shares of the Fixed Rated Noncumulative Perpetual
Senior Preferred Stock, Series C, payable on November 16, 1998 to the holders of
record thereof on October 30, 1998.

     Heller Financial, Inc. is a worldwide commercial finance company. Heller
provides its middle-market and small business clients with equipment financing
and leasing, factoring and working capital loans, collateral-based financing,
cash flow financing, real estate financing, small business lending, and project
financing investments. The Company also operates through joint venture and
wholly-owned companies located in 19 countries in Europe, Asia, Australia and
Latin America. These companies specialize in factoring, collateral-based
financing, acquisition financing, leasing, vendor financing and trade finance.

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