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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) September 23, 1999.
Advanta Business Services Corp.
(Exact name of registrant as specified in its charter)
Delaware 333-79773, 333-79773-01, 23-2333786
(State or Other Jurisdiction of 333-79773-02 (IRS Employer
Incorporation) (Commission File Number) Identification Number)
1020 Laurel Oak Road
Voorhees, New Jersey 08043
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (609) 782-7300
N/A
(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Not Applicable.
Item 2. Not Applicable.
Item 3. Not Applicable.
Item 4. Not Applicable.
Item 5. Acquisition and Disposition of Assets.
On August 26, 1999, Advanta Leasing Receivables Corp. VIII ("ALRC
VIII") and Advanta Leasing Receivables Corp. IX ("ALRC IX" and, together with
ALRC VIII, the "Issuers") issued a series of asset-backed notes, entitled
Equipment Receivables Asset-Backed Notes, Series 1999-1 ("Series 1999-1"),
pursuant to the Master Facility Agreement, dated as of August 26, 1999 (attached
hereto as Exhibit 4.1) and the Series 1999-1 Supplement to the Master Facility
Agreement, dated as of August 26, 1999 (incorporated by reference to Exhibit 4.2
to the registrant's Current Report on Form 8-K (File No. 333-38575) filed with
the Securities and Exchange Commission on September 8, 1999), each among the
Issuers, Advanta Business Services and Bankers Trust Company, as trustee.
Series 1999-1 consists of four classes identified as the 5.76664% Class
A-1 Notes (the "Class A-1 Notes"), the 6.64% Class A-2 Notes (the "Class A-2
Notes"), the 6.90% Class A-3 Notes (the "Class A-3 Notes" and, together with the
Class A-1 Notes and the Class A-2 Notes, the "Class A Notes") and the 7.27%
Class B Notes (the "Class B Notes"). The Class A Notes were publicly offered, as
described in a Prospectus, dated August 20, 1999, pursuant to an Underwriting
Agreement (the "Underwriting Agreement") dated August 20, 1999 (attached hereto
as Exhibit 1.1), among the Issuers, Advanta Business Services Corp. and First
Union Capital Markets Corp., as representative of the underwriters. The Issuers
sold the Class B Notes pursuant to a purchase agreement dated August 20, 1999,
among the Issuers and First Union Capital Markets Corp. The Class A Notes have
an initial principal balance of $98,876,125. The Class B Notes have an initial
principal balance of $11,599,991.
Item 6. Not Applicable.
Item 7. Exhibits.
The following are filed as Exhibits to this Report under
Exhibit 1.1, Exhibit 4.1, Exhibit 4.3 and Exhibit 4.4.
Exhibit 1.1 Underwriting Agreement dated August 20, 1999
Exhibit 4.1 Master Facility Agreement dated August 26, 1999
Exhibit 4.3 Master Contribution and Sale Agreement dated August 26, 1999
Exhibit 4.4 Supplement to Master Contribution and Sale Agreement dated
August 26, 1999
Item 8. Not Applicable.
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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.
ADVANTA BUSINESS SERVICES
CORP.
As Registrant
By: /s/ Mark Shapiro
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Name: Mark Shapiro
Title: Assistant Treasurer
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EXHIBIT INDEX
Exhibit Description
Exhibit 1.1 Underwriting Agreement dated August 20, 1999
Exhibit 4.1 Master Facility Agreement dated August 26, 1999
Exhibit 4.3 Master Contribution and Sale Agreement dated August 26, 1999
Exhibit 4.4 Supplement to Master Contribution and Sale Agreement dated
August 26, 1999
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