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PRICING SUPPLEMENT NO. 4
DATED: APRIL 21, 1999
(TO PROSPECTUS SUPPLEMENT DATED MARCH 19, 1999
AND PROSPECTUS DATED MARCH 19, 1999)
AT&T CAPITAL CORPORATION
MEDIUM-TERM NOTES, SERIES G
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FIXED RATE NOTES Issue Price: 100% (as a percent of principal amount)
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PRINCIPAL AMOUNT: U.S. $246,000,000
INTEREST RATE: Fixed, 5.86% per annum (subject to adjustment as described below)
ISSUE DATE: April 26, 1999
TRADE DATE: April 21, 1999
SETTLEMENT DATE: April 26, 1999
INITIAL INTEREST PAYMENT DATE: October 26, 1999
MATURITY DATE: April 26, 2002
DAYCOUNT: Actual/360
INTEREST PAYMENT DATES: April 26 and October 26 (or next Business Day)
CUSIP NUMBER: 00206HL36
AGENTS: PRINCIPAL AMOUNT:
Credit Suisse First Boston $30,000,000
Lehman Brothers $110,000,000
J.P. Morgan & Co. $5,000,000
Salomon Smith Barney $101,000,000
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ADJUSTMENT TO THE INTEREST RATE
Beginning (a) on the first day following a Failed Acquisition Date or (b)
if the Acquisition has not closed by December 31, 1999, on January 1, 2000, the
Interest Rate specified above will increase to 6.61% per annum. If the Interest
Rate has been so increased, then, if applicable, upon the first day following
the completion of the Acquisition, the Interest Rate will reduce to 5.86% per
annum.
A "Failed Acquisition Date" is the earliest public announcement by The CIT
Group Inc. or Newcourt Credit Group Inc. that (a) the Acquisition will not
occur, (b) either party has failed to receive the necessary shareholder approval
for the Acquisition, or (c) either party has failed to receive the necessary
regulatory approvals for the Acquisition. "Acquisition" means the acquisition of
Newcourt by The CIT Group Inc. announced March 8, 1999.
See "Recent Developments" in the accompanying prospectus. No determination
has been made whether The CIT Group Inc. will guarantee or support the
obligations of either AT&T Capital or Newcourt. Therefore, investors should not
expect that The CIT Group Inc. will guarantee or support the obligations of
either AT&T Capital or Newcourt.
