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
Commission File Number 1-10308
January 10, 2003
Date of Report (Date Of Earliest Event Reported)
Cendant Corporation
(Exact name of Registrant as specified in its charter)
Delaware 06-0918165
(State or Other Jurisdiction of (IRS Employer
Incorporation or Organization) Identification No.)
9 West 57th Street, New York, New York 10019
(Address of Principal Executive Office) (Zip Code)
(212) 413-1800
(Registrant's telephone number, including area code)
None
(Former name, former address and former fiscal year, if applicable)
Item 5. Other Events.
On January 9, 2003, Cendant Corporation (the "Company") received
the Statement of Eligibility of Trustee on Form T-1 of The Bank of Nova Scotia
Trust Company of New York, attached as Exhibit 25.1 to this Current Report on
Form 8-K and incorporated by reference into the Company's Registration
Statement No. 333-65858.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
25.1 Statement of Eligibility of Trustee on Form T-1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant had duly caused this report to be signed on its behalf by
the undersigned hereunder duly authorized.
CENDANT CORPORATION
By: /s/ Eric J. Bock
------------------------------
Eric J. Bock
Executive Vice President, Law
and Corporate Secretary
Date: January 10, 2003
EXHIBIT LIST
Exhibit No. Description
25.1 Statement of Eligibility of Trustee on Form T-1.
Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305 (B) (2)
THE BANK OF NOVA SCOTIA TRUST COMPANY OF NEW YORK
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(Exact name of trustee as specified in its charter)
New York 13-5691211
(Jurisdiction of incorporation or organization ( I.R.S. employer
if not a U.S. national bank) Identification number)
One Liberty Plaza
New York, N.Y. 10006
(Address of principal (Zip code)
executive office)
N/A
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Name, address and telephone number of agent for service
CENDANT CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 6-0918165
(State or other jurisdiction of (I.R.S. employer identification no.)
incorporation or organization)
9 West 57th Street
New York, NY 10019
(Address of principal (Zip Code)
executive offices)
SENIOR NOTES
(Title of the indenture securities)
Item 1. General Information
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority
to which it is subject.
Board of Governors of the Federal Reserve System
Washington, D.C.
State of New York Banking Department
State House, Albany, N.Y.
(b) Whether it is authorized to exercise corporate trust powers.
The Trustee is authorized to exercise corporate trust powers.
Item 2. Affiliation with the Obligor.
If the obligor is an affiliate of the trustee, describe each
such affiliation.
The obligor is not an affiliate of the Trustee.
Item 4. Trusteeships under other indentures.
If the trustee is a trustee under another indenture under
which any other securities, or certificates of interest or
participation in any other securities, of the obligor are
outstanding, furnish the following information:
(a) Title of the securities outstanding under each such
other indenture.
Cendant Corporation
6.45% Debentures due 2003
6.75% Senior Notes due 2006
6.875% Notes due 2006
7.75% Notes due 2003
3.875% Convertible Senior Debentures due 2011
(b) A brief statement of the facts relied upon as a basis
for the claim that no conflicting interest within the meaning of
Section 310(b)(1) of the Act arises as a result of the trusteeship
under any such other indenture, including a statement as to how the
indenture securities will rank as compared with the securities issued
under such other indentures.
The trustee does not believe there is a default under
the outstanding indenture securities. The ranking of the
securities to be issued under this indenture will rank
pari passu with the securities issued and outstanding
under such other indentures.
Item 16. List of Exhibits.
List below all exhibits filed as part of this statement of eligibility.
Exhibit 1 Copy of the Organization Certificate of the
Trustee as now in effect. (Exhibit 1 to T-1 to
Registration Statement No. 333-6688 which exhibit
is incorporated herein by reference).
Exhibit 2 Copy of the Certificate of Authority of the
Trustee to commerce business. (Exhibit 2 to T-1 to
Registration Statement No. 333-6688 which exhibit
is incorporated herein by reference).
Exhibit 3 None; authorization to exercise corporate trust
powers is contained in the documents identified
above as Exhibit 1 and 2.
Exhibit 4 Copy of the existing By-Laws of the Trustee.
(Exhibit 4 to T-1 Registration Statement No.
333-6688 which exhibit is incorporated herein by
reference).
Exhibit 5 No Indenture referred to in Item 4.
Exhibit 6 The consent of the Trustee required by Section
321 (b) of the Trust Indenture Act of 1939.
(Exhibit 6 to T-1 to Registration Statement No.
333-27685 which exhibit is incorporated herein by
reference).
Exhibit 7 Copy of the latest Report of Condition of the
Trustee as of September 30, 2002.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, The Bank of Nova Scotia Trust Company of New York, a corporation
organized and existing under the laws of the State of New York, has duly
caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of New York, and State
of New York, on the 9th day of January, 2003.
THE BANK OF NOVA SCOTIA TRUST
COMPANY OF NEW YORK
By: /s/ John F. Neylan
______________________________
John F. Neylan
Trust Officer
Exhibit 7
The Bank of Nova Scotia Trust, Company of New York
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Legal Title of Bank
New York
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City
New York 10006
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State Zip Code
FDIC Certificate Number /_/_/_/_/_/
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for September 30, 2002
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC-BALANCE SHEET
Dollar Amounts in Thousands RCON Bil Mil Thou
ASSETS
1. Cash and balances due from depository institutions (from Schedule
RC-A):
a. Noninterest-bearing balances and currency and coin(1)............ 0081 991 1.a.
b. Interest-bearing balances(2)................................... 0071 6 000 1.b.
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A)..... 1754 4 207 2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)... 1773 0 2.b.
3. Federal funds sold and securities purchased under agreement to
resell............................................................. 1350
a. Federal Funds sold............................................. B987 5 800 3.a.
b. Securities purchased under agreements to resell................ B989 0 3.b.
4. Loans and lease financing receivable (from Schedule RC-C):
a. Loans and leases held for sale................................. 5369 0 4.a.
b. Loans and leases, net of unearned income ........ B528 4.b.
c. LESS: Allowance for loan and lease losses ....... 3123 4.c.
d. Loans and leases, net of unearned income and allowance (item 4.b
minus 4.c)...................................................... B529 0 4.d.
5. Trading assets (from Schedule RC-D)................................. 3545 0 5.
6. Premises and fixed assets (including capitalized leases)............ 2145 0 6.
7. Other real estate owned (from Schedule RC-M)........................ 2150 0 7.
8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M)................................................ 2130 0 8.
9. Customers' liability to this bank on acceptances outstanding........ 2155 0 9.
10. Intangible assets:
a. Goodwill....................................................... 3163 0 10.a.
b. Other intangible assets (from Schedule RC-M)................... 0426 0 10.b.
11. Other assets (from Schedule RC-F)................................... 2160 193 11.
12. Total assets (sum of items 1 through 11) ........................... 2170 17 191 12.
_____________
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
SCHEDULE RC-CONTINUED
Dollar Amounts in Thousands RCON Bil Mil Thou
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C from
Schedule RC-E).................................................. 2200 3 541 13.a.
(1) Noninterest-bearing(l)........ 6631 3 541 13.a.(1)
(2) Interest-bearing.............. 6636 13.a.(2)
b. Not applicable
14. Federal funds purchased and securities sold under agreements to
repurchase 2800 0 14.
a. Federal Funds purchased(2)...................................... B993 0 14.a.
b. Securities sold under agreements to purchase(3)................. B995 0 14.b.
15. Trading liabilities (from Schedule RC-D)............................ 3548 0 15.
16. Other borrowed money (includes mortgage indebtedness and obligations
under capitalized leases)(from Schedule RC-M)....................... 3190 0 16.
17. Not applicable
18. Bank's liability on acceptances executed and outstanding............ 2920 0 18.
19. Subordinated notes and debentures(4)................................ 3200 0 19.
20. Other liabilities (from Schedule RC-G).............................. 2930 369 20.
21. Total liabilities (sum of items 13 through 20)...................... 2948 3 910 21.
22. Minority interest in consolidated subsidiaries...................... 3000 0 22.
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus....................... 3838 0 23.
24. Common stock........................................................ 3230 1 000 24.
25. Surplus (exclude all surplus related to preferred stock)............ 3839 10 030 25.
26. a. Retained earnings............................................... 3632 2 251 26.a.
b. Accumulated other comprehensive incomes(3)...................... B530 0 26.b.
27. Other equity capital components(4).................................. A130 0 27.
28. Total equity capital (sum of items 23 through 27)................... 3210 13 281 28.
29. Total liabilities, minority interest, and equity capital (sum of
items 21, 22, and 28)............................................... 3300 17 191 29.
Memorandum
To be reported with the March Report of Condition.
RCON Number
1. Indicate in the box at the right the number of the statement
below that best describes the most comprehensive level of
auditing work performed far the bank by independent external
auditors as of any date during 2001......................... 6724 M.1.
1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm
which submits a report an the bank
2= Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified
public accounting firm which submits a report on the consolidated
holding company (but not on the bank separately)
3= Attestation on bank management's assertion on the effectiveness of
the bank's internal control over financial reporting by a certified
public accounting firm
4= Directors' examination of the bank conducted in accordance with
generally accepted auditing standards by a certified public
accounting firm (may be required by state chartering authority)
5= Directors' examination of the bank performed by other external
auditors (may be required by state chartering authority)
6= Review of the bank's financial statements by external auditors
7= Compilation of the bank's financial statements by external auditors
8= Other audit procedures (excluding tax preparation work)
9= No external audit work
___________
(1) Includes total demand deposits and noninterest-bearing time and
savings deposits.
(2) Includes limited-life preferred stock and related surplus.
(3) Includes net unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow
hedges, and minimum pension liability adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan
shares.