UNITED STATES 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: January 14, 2003
CAPITAL AUTO RECEIVABLES, INC.
(Exact name of registrant as specified in its charter)
Delaware
| | 333-75464
| | 38-3082892
|
| (State or other jurisdiction of | | Commission | | (I.R.S. Employer |
| incorporation or organization) | | File Number | | Identification No.) |
|
Corporation Trust Center 1209 Orange Street, Wilmington, DE
| | 19801
|
| (Address of principal executive offices) | | (Zip Code) |
|
Registrant’s telephone number, including area code | | 302-658-7581
|
Items 1-4. Not Applicable.
Item 5 Other Events
The registrant previously filed a series term sheet, dated January 3, 2003, setting forth a description of the collateral pool and the proposed structure of $390,000,000 aggregate principal amount of Class A-1a 1.85% Asset Backed Notes (the “Class A-1a Notes”), $786,000,000 aggregate principal amount of Class A-1b Floating Rate Asset Backed Notes (the “Class A-1b Notes” and, together with the Class A-1a Notes, the “Class A-1 Notes”), $242,000,000 aggregate principal amount of Class A-2a 2.27% Asset Backed Notes (the “Class A-2a Notes”), $350,000,000 aggregate principal amount of Class A-2b Floating Rate Asset Backed Notes (the “Class A-2b Notes” and, together with the Class A-2a Notes, the “Class A-2 Notes”), $400,000,000 aggregate principal amount of Class A-3a 2.75% Asset Backed Notes (the “Class A-3a Notes”), $528,000,000 aggregate principal amount of Class A-3b Floating Rate Asset Backed Notes (the “Class A-3b Notes”) and, together with the Class A-3a Notes, the “Class A-3 Notes”), $172,600,000 aggregate principal amount of Class A-4a 3.10% Asset Backed Notes, (the “Class A-4a Notes”), $150,000,000 aggregate principal amount of Class A-4b Floating Rate Asset Backed Notes (the “Class A-4b Notes” and, together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the “Notes”), and $93,444,888.51 aggregate initial Certificate Balance of Asset Backed Certificates (the “Certificates”) of Capital Auto Receivables Asset Trust 2003-1 (the “Trust”), as an Exhibit to the Current Report on Form 8-K, dated as of January 7, 2003. Capital Auto Receivables, Inc. will initially retain Certificates with an initial Certificate balance of $934,888.51.
Item 6. Not applicable.
Item 7. Exhibits.
| | Exhibit | | 5.1 The following is filed as an Exhibit to this Report under Exhibit 5.1 |
Opinion of counsel of Kirkland & Ellis, dated as of January 14, 2003
| | Exhibit | | 8.1 The following is filed as an Exhibit to this report under Exhibit 8.1 |
Opinion of Counsel of Kirkland & Ellis, dated as of January 14, 2003
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 thereunto duly authorized.
| | | CAPITAL AUTO RECEIVABLES, INC. |
| | | (Registrant) |
|
| | | /s/ WILLIAM F. MUIR
|
| Dated: January 14, 2003 | | William F. Muir, Chairman of the Board |
