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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
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Date of Report (Date of earliest event reported): May 23, 2002
IKON RECEIVABLES FUNDING, LLC
(Exact name of registrant as specified in its charter)
Delaware 333-71362 Pending
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1738 Bass Road 31208
PO Box 9115 (Zip Code)
Macon, Georgia
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (912) 471-2300
No Change
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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The consolidated financial statements of Ambac Assurance Corporation and
its subsidiaries as of December 31, 2001 and December 31, 2000 and for each of
the years in the three-year period ended December 31, 2001, included in the
Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with
the Securities and Exchange Commission ("SEC") on March 26, 2002 Commission File
No. 1-10777), the unaudited consolidated financial statements of Ambac Assurance
Corporation and its subsidiaries as of March 31, 2002 and for the periods ending
March 31, 2002 and March 31, 2001 included in the Quarterly Report on Form 10-Q
of Ambac Financial Group, Inc. (filed with the SEC on May 13, 2002), and the
Current Reports on Form 8-K filed with the SEC on January 25, 2002 and April 18,
2002, as each related to Ambac Assurance Corporation are hereby incorporated by
reference in (i) this Current Report on Form 8-K; (ii) the Registration
Statement of IKON Receivables Funding, LLC (No. 333-71362); and (iii) the
Prospectus Supplement dated May 21, 2002 relating to IKON Receivables Funding,
LLC's Lease-Backed Notes, Series 2002-1 and shall be deemed to be part hereof
and thereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable.
(c) Exhibits
23.1 Consent of KPMG LLP, dated
May 23, 2002 in connection with the
consolidated financial statements of Ambac
Assurance Corporation and Subsidiaries
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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.
IKON RECEIVABLES FUNDING, LLC
By: IKON RECEIVABLES FUNDING, INC.,
as Manager
By: /s/ J.F. Quinn
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Name: J.F. Quinn
Title: Treasurer
Dated: May 23, 2002
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Exhibit Index
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Exhibit
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23.1 Consent of KPMG LLP.
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INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the Registration
Statement (No. 333-71362) of IKON Receivables Funding, LLC (the "Registrant")
and in the Prospectus Supplement of the Registrant dated May 21, 2002 (the
"Prospectus Supplement") relating to the Registrant's Lease-Backed Notes, Series
2002-1, via the Form 8-K of the Registrant dated May 23, 2002, of our report
dated January 23, 2002 on the consolidated financial statements of Ambac
Assurance Corporation and subsidiaries as of December 31, 2001 and 2000, and for
each of the years in the three-year period ended on December 31, 2001, which
report appears in the Form 10-K of Ambac Financial Group, Inc. which was filed
with the Securities and Exchange Commission on March 26, 2002 and to the
reference to our firm under the heading "Experts" in the Prospectus Supplement.
/s/ KPMG LLP
New York, New York
May 23, 2002
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