SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): August 1, 2000
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TRANSAMERICA FINANCE CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-6798 95-1077235
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(State Or Other (Commission (IRS Employer
Jurisdiction Of File Number) Identification No.)
Incorporation)
600 Montgomery Street, San Francisco, California 94111
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (415) 983-4000
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Item 5 Other Events
As part of its commitment to owning and managing Transamerica Finance
Corporation ("TFC"), AEGON N. V. ("AEGON"), a Netherlands based corporation, has
issued a guarantee (the "Guarantee") of all newly issued debt under TFC's $4.5
billion United States commercial paper program. In addition, AEGON will provide
all the new term debt-funding needs of TFC including replacing existing term
debt issues when they mature. Along with this explicit support, AEGON will
continue TFC's existing capital management practices, which include maintaining
on-balance sheet leverage (debt to tangible equity) at 6.5:1.
The Guarantee shall extend to all United States commercial paper notes
(the "Notes") issued by TFC for the period from August 1, 2000 until December
31, 2000 (the "Duration"). The Guarantee shall continue in full force and effect
until all principal, premium and interest (including any additional amounts
required to be paid in accordance with the Notes) and all other monies payable
in respect of each Note issued by TFC after the Duration of the Guarantee have
been paid. The Guarantee may be renewed, in AEGON's sole discretion, for a
specified duration in order to continue to serve in full force and effect for
Notes issued by TFC after the Duration of the Guarantee. Renewal of the
Guarantee will require a new Guarantee to be issued by AEGON on or before
December 15, 2000. Notwithstanding any provisions stated herein, the Guarantee
shall automatically terminate and be of no force or effect in the event that TFC
is no longer an affiliated company of AEGON.
The Guarantee is unsecured and unsubordinated and ranks pari passu with
all unsecured and unsubordinated indebtedness of AEGON other than obligations
that by mandatory operation of law would be given priority in a dissolution of
AEGON.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibit 99.1 Guarantee by AEGON N. V., a Netherlands based corporation, of
all United States Commercial Paper Notes issued by
Transamerica Finance Corporation from August 1, 2000 until
December 31, 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.
TRANSAMERICA FINANCE CORPORATION
(Registrant)
By: s/George B. Sundby
Name: George B. Sundby
Title: Senior Vice President and Chief Financial Officer
Date: August 4, 2000