<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 (Date of earliest event) April 27, 1999
ASSOCIATES FIRST CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 06-0876639
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
2-44197
(Commission File Number)
250 E. Carpenter Freeway, Irving, Texas 75062-2729
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972) 652-4000
<PAGE>
Item 5. Other Events.
On April 27, 1999, Associates First Capital Corporation (the
"Registrant") announced it has reached an agreement to sell 41 of its Canadian
consumer finance branches to Commercial Credit Corporation CCC Limited. Terms
of the agreement were not disclosed. A copy of the news release dated April
27, 1999 issued by the Registrant is attached as Exhibit 20 and incorporated
by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
20 - News Release by Associates First Capital Corporation
dated April 27, 1999
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 hereunto duly authorized.
ASSOCIATES FIRST CAPITAL CORPORATION
By: /s/ Frederic C. Liskow
-------------------
Frederic C. Liskow
Assistant Secretary
Date: April 27, 1999
<PAGE>
THE ASSOCIATES
NEWS
FOR IMMEDIATE RELEASE
THE ASSOCIATES SELLS 41 CANADIAN CONSUMER
BRANCHES TO COMMERCIAL CREDIT
DALLAS, Apr. 27, 1999 Associates First Capital Corporation (NYSE: AFS)today
announced it has reached an agreement to sell 41 of its Canadian consumer
finance branches to Commercial Credit Corporation CCC Limited. Terms of the
agreement were not disclosed.
The branches being sold include twenty-eight locations which were acquired
earlier this year from Avco Financial Services, Inc. The transaction will
close following the receipt of any necessary regulatory and board approvals.
After the close of this transaction, The Associates and Avco Consumer Finance
networks will still have more than 300 branches to serve customers across
Canada.
Commercial Credit Corporation, a member of Citigroup, Inc., a Fortune 500
company, provides personal loan and home equity products to more than one
million customers from over 1,000 locally managed branches in 45 states. By
significantly expanding Commercial Credit's on-the-ground lending presence,
Citigroup continues to pursue its strategy of building on the strengths of its
consumer finance business.
Associates First Capital Corporation, established in 1918, is a leading
diversified finance company providing consumer and commercial finance,
leasing, insurance and related services worldwide. The Associates has
operations in the United States and 15 international markets. Headquartered
in Dallas, it is one of the nation's 100 largest companies, based on total
market capitalization. For more information, visit The Associates Web site at
www.theassociates.com.
# # #
Contacts:
Media: (972) 652-5537
Randy Johnson
(972) 652-7569
David Sandor
Security Analysts: (972) 652-7294
[email protected]
Shareholders: 1-888-NYSE-AFS
