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): October 2, 1997
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FGIC SECURITIES PURCHASE, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0-19564 13-3633082
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
115 Broadway, New York, New York 10006
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code: (212) 312-3000
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Item 5. Other Events
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An exhibit is filed herewith in connection with the Registration
Statement on Form S-3 (File No. 33-84062) filed by FGIC Securities Purchase,
Inc. ("FGIC-SPI") with the Securities and Exchange Commission covering
Liquidity Facility Obligations in the principal amount of $1,000,000,000 plus
interest.
The exhibit consists of the consent of KPMG Peat Marwick LLP relating to
(i) the incorporation by reference of their report dated February 7, 1997
relating to the financial statements and schedules of General Electric
Capital Corporation ("GE Capital") and consolidated affiliates as of December
31, 1996 and 1995 and for each of the years in the three-year period ended
December 31, 1996, appearing in GE Capital's Annual Report on Form 10-K for
the year ended December 31, 1996; and (ii) the reference to them under
Experts in the Prospectus Supplement dated October 2, 1997 relating to the
Liquidity Facility of FGIC Securities Purchase, Inc. in support of
$35,000,000 aggregate principal amount of General Obligation Bonds, Series of
1997 to be issued by Easton Area School District, Northampton and Bucks
Counties, Pennsylvania.
Item 7. Financial Statements, Pro Forma Financial Information and
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Exhibits
EXHIBITS
Item 601 of
Regulation S-K
Exhibit Reference
Number
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(23) Consents of experts and counsel:
(n) Consent of KPMG Peat Marwick LLP
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, thereto duly authorized.
FGIC SECURITIES PURCHASE, INC.
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(Registrant)
By: s/Steve Natko
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Name: Steve Natko
Title: Vice President
Dated: October 2, 1997
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FGIC SECURITIES PURCHASE, INC.
EXHIBITS TO CURRENT REPORT ON
FORM 8-K DATED OCTOBER 2, 1997
Commission File Number 0-19564
EXHIBIT INDEX
Exhibit No. Description Page
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(23) Consents of experts and counsel:
(n) Consent of KPMG Peat Marwick LLP
Exhibit (23)(n)
To the Board of Directors
General Electric Capital Corporation
We consent to incorporation by reference in the Prospectus Supplement
dated October 2, 1997 for FGIC Securities Purchase, Inc. relating to the
$35,000,000 principal amount plus interest Liquidity Facility in support of
Easton Area School District Northampton and Bucks Counties, Pennsylvania
General Obligation Bonds, Series of 1997 (the "Prospectus Supplement") of our
report dated February 7, 1997 relating to the statement of financial position
of General Electric Capital Corporation and consolidated affiliates as of
December 31, 1996 and 1995 and the related statements of current and retained
earnings and cash flows for each of the years in the three-year period ended
December 31, 1996, and related schedule which report appears in the December
31, 1996 Annual Report on Form 10-K of General Electric Capital Corporation.
We also consent to the reference to our firm under the heading "Experts"
in the Prospectus Supplement.
/s/ KPMG Peat Marwick LLP
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KPMG Peat Marwick LLP
Stamford, Connecticut
October 2, 1997
