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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 reported): May 11, 2000
ARCADIA FINANCIAL LTD.
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(Exact name of registrant as specified in its charter)
MINNESOTA 0-20526 41-1664848
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
7825 WASHINGTON AVENUE SOUTH, MINNEAPOLIS, MN 55439
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 944-9880
NOT APPLICABLE
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(Former name or former address, if changed from last report)
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ITEM 5. OTHER EVENTS.
Arcadia Financial Ltd. (the "Company") today announced the expiration
of the tender offer that the Company commenced on April 13, 2000 (the "Tender
Offer") for its 11 1/2% Senior Notes due 2007 (the "Notes") at a purchase price
equal to 101% of each $1,000 in principal amount of Notes tendered, plus accrued
and unpaid interest to May 11, 2000.
On May 11, 2000, the Company issued a press release relating to the
expiration of the Tender Offer. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press Release of the Company, dated May 11, 2000.
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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 hereunto duly authorized.
ARCADIA FINANCIAL LTD.
Dated: May 11, 2000 /s/ James D. Atkinson III
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Name: James D. Atkinson III
Title: Chief Legal Officer and
Secretary
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
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<S> <C>
99.1 Press Release of the Company, dated May 11, 2000.
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
ARCADIA FINANCIAL LTD. COMPLETES TENDER OFFER AT 101%
FOR 11 1/2% SENIOR NOTES DUE 2007
MINNEAPOLIS, May 11, 2000 - Arcadia Financial Ltd. ("Arcadia"), an
indirect wholly owned subsidiary of Associates First Capital Corporation (NYSE:
AFS), today announced the expiration of the tender offer that Arcadia commenced
on April 13, 2000 (the "Tender Offer") for its 11 1/2% Senior Notes due 2007
(the "Notes") at a purchase price equal to 101% of each $1,000 in principal
amount of Notes tendered, plus accrued and unpaid interest to May 11, 2000 (the
"Tender Offer Expiration Time"). Notes in the aggregate principal amount of
$420,000 were tendered in the Tender Offer and have been accepted by Arcadia.
The Tender Offer to which this announcement relates is unrelated to the
tender offer and consent solicitation for the Notes commenced by Arcadia on May
8, 2000.
The Depositary for the Tender Offer is Norwest Bank Minnesota, National
Association.
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Contact Information
Media: David Sandor
The Associates
(972) 652-7569
Security Analysts: (972) 652-7294
[email protected]
Shareholders: 1-888-NYSE-AFS
