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): December 15, 1998
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 13, 1998
relating to the financial statements and schedules of General Electric Capital
Corporation ("GE Capital") and consolidated affiliates as of December 31, 1997
and 1996 and for each of the years in the three-year period ended December 31,
1997, appearing in GE Capital's Annual Report on Form 10-K for the year ended
December 31, 1997; and (ii) the reference to them under Experts in the
Preliminary Prospectus Supplement dated December 14, 1998 relating to the
Liquidity Facility of FGIC Securities Purchase, Inc. in support of
$198,895,000 aggregate principal amount of Multi-Modal Subordinated General
Revenue Refunding Bonds 1998 Series D to be issued by Massachusetts Water
Resources Authority.
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:
(s) Consent of KPMG Peat Marwick LLP
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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.
(Registrant)
By: /s/ Steven Natko
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Name: Steven Natko
Title: Vice President
Dated: December 17, 1998
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FGIC SECURITIES PURCHASE, INC.
EXHIBITS TO CURRENT REPORT ON
FORM 8-K DATED DECEMBER 15, 1998
Commission File Number 0-19564
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EXHIBIT INDEX
Exhibit No. Description Page
(23) Consents of experts and counsel: 6
(s) Consent of KPMG Peat Marwick LLP
<PAGE>
Exhibit (23)(s)
To the Board of Directors
General Electric Capital Corporation
We consent to incorporation by reference in the Preliminary Prospectus
Supplement for FGIC Securities Purchase, Inc. relating to the $198,895,000
principal amount plus interest Liquidity Facility in support of Massachusetts
Water Resources Authority, Multi-Modal Subordinated General Revenue Refunding
Bonds 1998 Series D (the "Preliminary Prospectus Supplement") of our report
dated February 13, 1998 relating to the statement of financial position of
General Electric Capital Corporation and consolidated affiliates as of
December 31, 1997 and 1996 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, 1997, and related schedule which report appears in the December
31, 1997 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 Preliminary Prospectus Supplement.
/s/ KPMG Peat Marwick LLP
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KPMG Peat Marwick LLP
Stamford, Connecticut
December 16, 1998
