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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) March 15, 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
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Item 5. Other Events.
On March 15, 1999, Associates First Capital Corporation (the
"Registrant") announced it has reached an agreement to sell 128 of its United
States consumer finance branches to Commercial Credit, Inc. Terms of the
agreement were not disclosed. A copy of the news release dated March 15, 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 March 15, 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: March 15, 1999
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THE ASSOCIATES
NEWS
FOR IMMEDIATE RELEASE
THE ASSOCIATES SELLS 128 U.S. CONSUMER
BRANCHES TO COMMERCIAL CREDIT
DALLAS, Mar. 15, 1999 - Associates First Capital Corporation
today announced it has reached an agreement to sell 128 of its
United States consumer finance branches to Commercial Credit,
Inc. Terms of the agreement were not disclosed.
The branches being sold were acquired earlier this year from AVCO
Financial Services, Inc. The Associates expects to finalize the
transaction in late March 1999.
Commercial Credit, a member of Citigroup, 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.
Associates First Capital Corporation (NYSE: AFS), 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 U.S. and 15
international markets. Headquartered in Dallas, it is one of the
nation's 100 largest companies, based on total market
capitalization.
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Contacts:
Media: (972) 652-5537
Randy Johnson
(972) 652-7569
David Sandor
Security Analysts: (972) 652-7294
[email protected]
Shareholders: 1-888-NYSE-AFS
