SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 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): October 5, 2000
Bombardier Receivables Master Trust I
(Issuer with respect to Certificates)
Bombardier Credit Receivables Corporation
(Originator of the Trust described herein)
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
333-77091 03-0340600
(Commission File Numbers) (IRS Employer Identification No.)
P.O. Box 5544 Burlington, Vermont 05402
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (802) 655-2824
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On October 5, 2000, Bombardier Credit Receivables Corporation
("BCRC") issued its Floating Rate Class A Asset Backed Certificates, Series
2000-1 and its Floating Rate Class B Asset Backed Certificates, Series 2000-1
such series representing undivided interests in certain assets of the Bombardier
Receivables Master Trust I (the "Trust"). Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the prospectus
dated September 29, 2000 (the "Prospectus").
The Class A Certificates evidence undivided beneficial interests
in the assets of the Trust and represent the right to receive from distributions
in respect of such assets funds up to (but not in excess of) the amounts
required (i) to make monthly payments of interest on the principal balance of
the Class A Certificates at the Class A Certificate Rate and (ii) to make
monthly payments of principal beginning not later than the September 2003
Distribution Date in an aggregate amount equal to the outstanding principal
balance of the Class A Certificates. The Class B Certificates evidence undivided
beneficial interests in the assets of the Trust and represent the right to
receive from distributions in respect of such assets funds up to (but not in
excess of) the amounts required (i) to make monthly payments of interest on the
principal balance of the Class B Certificates at the Class B Certificate Rate
and (ii) to make payment of principal no later than the September 2003
Distribution Date in an amount up to the outstanding principal balance of the
Class B Certificates. The rights of the Class B Certificates to distribution of
principal are subordinated to the rights of the Class A Certificates to the
extent described in the Prospectus. The Trust assets include a pool of
receivables generated from time to time in a portfolio consisting of revolving
financing arrangements with certain dealers located in the United States to
finance such dealers' consumer, recreational and commercial product inventory
and, in the future, may include certain other accounts as described in the
Prospectus.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following are filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
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4 Series 2000-1 Supplement dated as of October
1, 2000 to the Pooling and Servicing
Agreement, as amended, dated as of January
1, 1994, each among BCRC, as Depositor,
Bombardier Capital Inc. ("BCI"), as
Servicer, and Bankers Trust Company, as
trustee (the "Trustee").
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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.
BOMBARDIER CREDIT RECEIVABLES
CORPORATION
By: /s/ Blaine Filthaut
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Name: Blaine Filthaut
Title: Vice President and
Treasurer
By: /s/ Jean C. O'Neil
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Name: Jean C. O'Neill
Title: Secretary
Dated: October 5, 2000
INDEX TO EXHIBITS
Exhibit No. Description Page
- ---------- ----------- ----
4 Series 2000-1 Supplement dated as of October 1, 2000 to 1
the Pooling and Servicing Agreement, as amended, dated as
of January 1, 1994, each among BCRC, as Depositor, BCI, as
Servicer, and the Trustee.