SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 1998
CATERPILLAR FINANCIAL SERVICES CORPORATION
(Exact name of Registrant as specified in charter)
Delaware
(State or other jurisdiction
of incorporation)
0-13295 37-1105865
(Commission File Number) (IRS Employer I.D. No.)
3322 West End Ave. 37203-0983
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (615)386-5800
Item 5. Other Events
On June 1 1998, the registrant issued the attached press release (exhibit 99.1)
Item 7. Financial Statements, and Exhibits
(c) Exhibits
Exhibit
Number Description
99.1 Press Release Statement to Certificate Holders
SIGNATURES
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.
CATERPILLAR FINANCIAL SERVICES CORPORATION
By: /s/ Paul J. Gaeto
Paul J. Gaeto, Secretary
DATE:June 1, 1998
EXHIBIT INDEX
Exhibit
Number Description
99.1 Pree Release
Central Bank of Ireland grants Caterpillar Financial first
industrial banking license under new requirements.
Caterpillar Financial Services Corporation (Cat Financial)
today announced its wholly owned subsidiary, Caterpillar
International Bank plc, received a banking license from the
Central Bank of Ireland. The new bank located in Dublin
Ireland's International Financial Services Center, is the
first bank formed under new licensing and supervision
requirements.
The Industrial Development Agency of Ireland assisted in
advising and securing the preferential tax certificate from
the Irish Department of Finance.
"The formation of our bank in Ireland allows us to
consolidate many facets of our extensive financing
operations in Europe. We expect to gain efficiencies
through this consolidation that will further enhance our
ability to serve Cat customers throughout Europe." said
James S. Beard, president of Cat Financial and a Caterpillar
Inc. vice president.
The new bank will participate in an updated $1.0 Billion
Euro Commercial Paper and Euro Certificate of Deposit
program in conjunction with Caterpillar International
Finance plc, also a subsidiary of Cat Financial who serves
as guarantor for the notes. The notes and certificates
issued are rated A-1 by Standard and Poor's and P-1 by
Moody's Investor Services, Inc. Barclays Capital is
arranger for both the program and the back-up revolving
credit facility.
Caterpillar Financial, a wholly owned subsidiary of
Caterpillar Inc. provides a wide range of financing
alternatives for Caterpillar machinery and engines, Solar (R)
gas turbines, lift trucks manufactured by Mitsubishi
Caterpillar Forklift of America, Inc., and non-competitive
related products. The company also extends loans to
customers and dealers. Cat Financial offices are located
throughout the world with company headquarters in Nashville,
Tennessee.
Contacts:
Jill Maddux, Marketing Communications Manager
Caterpillar Financial Services Corporation
615-386-5965 or [email protected]
Brendan Logue
Manager
Financial Services Division
Industrial Development Agency of Ireland
353-1-603-4065 or [email protected]
