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 29, 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 May 29, 1997 relating to the
Liquidity Facility of FGIC Securities Purchase, Inc. in support of
$60,000,000 principal amount plus interest of New Jersey Economic Development
Authority Water Facilities Revenue Bonds (New Jersey-American Water Company,
Inc. Project) Series 1997B.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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EXHIBITS
Item 601 of
Regulation S-K
Exhibit Reference
Number
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(23) Consents of experts and counsel:
(l) 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:_____________________________
Name: Steve Natko
Title: Vice President
Dated: June 4, 1997
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FGIC SECURITIES PURCHASE, INC.
EXHIBITS TO CURRENT REPORT ON
FORM 8-K DATED MAY 29, 1997
Commission File Number 0-19564
EXHIBIT INDEX
Exhibit No. Description Page
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(23) Consents of experts and counsel:
(l) Consent of KPMG Peat Marwick LL
Exhibit (23)(l)
To the Board of Directors
General Electric Capital Corporation
We consent to incorporation by reference in the Prospectus Supplement
dated May 29, 1997 of FGIC Securities Purchase, Inc. relating to the
$60,000,000 principal amount plus interest Liquidity Facility in support of
New Jersey Economic Development Authority Water Facilities Revenue Bonds (New
Jersey-American Water Company, Inc. Project) Series 1997B (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
May 29, 1997
