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Assoc First Cap Corp (ASFZ) RSS Feed

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Created
07/02/09
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Associates First Capital Corporation

Residual Value Obligations

(ASFZ.PK)

 

AFCC is a privately held entity of CITIGROUP -ASFZ.PK appears to be the vehicle that holds the RVO's from the ARCADIA - AFCC merger from 1999.

Associates First Capital Corporation, a financial services organization, provides finance, leasing, insurance, and related services to individual consumers and businesses in the United States and internationally. As of November 30, 2000, Associates First Capital Corporation is a subsidiary of Citigroup, Inc.

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=SvmsufUmfSYrULaTeQ4olA%253d%253d

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=C00HUxKYATXwzfL8Y2NUWQ%253d%253d


(1) From the 1999 Merger between ARCADIA and AFCC - Residual Value Obligations (RVO's) were created:

8- K : Agreement Planned Merger between Arcadia and Associates First Capital Corporation 1999

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=1178995&SessionID=J3ivWFsgRboPzz7


3.2 CAPITALIZATION. The authorized capital stock of Company consists of 55,000,000 shares of Company Common Stock, 90,000 shares of Class A Preferred Stock, par value $0.01 per share ("CLASS A PREFERRED STOCK"), and 44,010,000 undesignated shares, par value $0.01 per share ("UNDESIGNATED STOCK").  As of September 30, 1999, (i) 39,443,693 shares of Company Common Stock were issued and outstanding, (ii) no shares of Company Common Stock were held in treasury, (iii) no shares of Class A Preferred were issued or outstanding, (iv) 90,000 shares of Class A Preferred Stock were reserved for issuance upon the exercise of the Company Rights and (v) 2,052,000 shares of Company Common Stock were reserved for issuance upon the exercise of warrants to purchase 2,052,000 shares of Company Common Stock ("Company Warrants"). All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, non-assessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=1178995&SessionID=J3ivWFsgRboPzz7 


Associates First Capital Corp · S-4 · On 2/29/00 **RVO PAYMENTS** DESCRIPTION OF RESIDUAL VALUE OBLIGATIONS Go to page 42-43 http://www.secinfo.com/dRqWm.58sr.htm#1stPage

 

RVO PAYMENTS

There are no minimum payments on the residual value obligations, and depending on the performance of the underlying receivables and other factors, there may be no payments on the residual value obligations. If ultimately there are payments on the residual value obligations, it is unlikely payments will commence prior to January 1, 2004.

Payments on the residual value obligations, if any, will:

-be paid on the Payment Dates occurring in January, April, July and October of each year; and

-be payable to the holders of record on the December 1, March 1, June 1 and September 1 immediately preceding the related Payment Dates.

On each Payment Date on which the Accrued RVO Payment Amount is greater than zero, Associates will be required to make a payment (an "RVO Payment") with respect to each residual value obligation in an amount equal to the quotient of:

- the then-effective Accrued RVO Payment Amount, DIVIDED BY

- total number of residual value obligations outstanding.

If the Accrued RVO Payment Amount on a Payment Date is zero, there will be no RVO Payment on that Payment Date.


Residual Value Obligations (RVO's):

The information below is being disclosed pursuant to the Residual Value Obligation Agreement dated as of April 3, 2000 between Associates First Capital Corporation and the Chase Manhattan Bank, as Trustee. Terms used and not otherwise defined herein have the meaning assigned to them in the Residual Value Agreement.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6592484-1001349-1011355&type=sect&dcn=0001047469-09-005290

http://www.secinfo.com/d7P9.529.htm


(2) After the Arcadia / AFCC merger in 1999 - CITIGROUP Acquired AFCC in 2000

Citigroup Buys Texas Lending Company - Acquires Associates First Capital for $31.1B

Citigroup Inc. turned its voracious appetite on Associates First Capital Corp. yesterday, gobbling up the Texas-based lending company in a deal valued at $31.1 billion. Citigroup is already the largest credit card lender in the world, the largest bank holding company in the United States, and a leader in brokerage and insurance services. AFC is no slouch, either. With revenues of $7.1 billion in the first half of the year, it is the biggest publicly traded American company focused on loaning money to consumers. It is also the fifth- largest consumer-lending firm in Japan, and has 700,000 ... http://www.encyclopedia.com/doc/1P2-8612819.html

Citigroup Successfully Completes Acquisition of Associates First Capital Corporation.

Nov. 30, 2000 Citigroup Inc. (NYSE: C) and Associates First Capital Corporation ("Associates") today announced the completion of Citigroup's acquisition of Associates. The acquisition was consummated through a merger of Associates with a subsidiary of Citigroup pursuant to which each share of Associates common stock has become a right to receive .7334 of a share of common shares of Citigroup. The acquisition followed the approval by Associates' shareholders and the approval by certain domestic and foreign antitrust, banking and insurance regulators. http://findarticles.com/p/articles/mi_m0EIN/is_2000_Nov_30/ai_67465268/


Citigroup Investor Relations:

shareholderrelations@citi.com

http://www.citigroup.com/citi/fin/

Pablo Suarez, Citigroup Finance Canada Inc., (416) 947-5467

Troy Underhill, Citigroup Inc., (905) 755-3399

troy.underhill@citi.com

http://ca.us.biz.yahoo.com/cnw/090430/citigroup_financing.html?.v=1


Transfer Agent:

Wells Fargo Shareholder Services (Minneapolis, MN)

A Division of Wells Fargo Bank

161 N. Concord Exchange

P.O. Box 738

South St. Paul, MN 55101

 (800) 401-1957

https://www.wellsfargo.com/com/shareowner_services/index.jhtml



******All the Due Diligence here could be entirely incorrect and is posted as a tool for you to come to your own conclusions. As information is verified, the Ibox will be updated. ******



 

 

ASFZ is Active and last amended 05/27/2009

Treasurer-JEFF BARNES
Address 1:   7920 NW 110TH STREET Address 2:   
City:   KANSAS CITY State:   MO
Zip Code:   64153 Country:   
Status:   Active
President - THOMAS B BOLTON
Address 1:   14415 S 50TH STREET Address 2:   
City:   PHOENIX State:   AZ
Zip Code:   85044 Country:   
Status:   Active
Secretary - JOHN R COFFIN
Address 1:   750 WASHINGTON BLVD Address 2:   
City:   STAMFORD State:   CT
Zip Code:   06901 Country:   
Status:   Active
Director - GUSTAVO FRANK
Address 1:   1401 WEST COMMERCIAL BLVD. Address 2:   
City:   FORT LAUDERDALE State:   FL
Zip Code:   33309 Country:   
Status:   Active

   

 

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