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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: February 2, 2000
(Date of earliest event reported)
NISSAN AUTO RECEIVABLES CORPORATION
ON BEHALF OF NISSAN AUTO RECEIVABLES 2000-A OWNER TRUST
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(Exact name of registrant as specified in its charter)
DELAWARE 333-82763 33-0479655
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
990 WEST 190TH STREET
TORRANCE, CALIFORNIA 90502
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(Address of principal executive offices)
Registrant's telephone number, including area code: (310) 719-8013
ITEM 5. OTHER EVENTS
On January 27, 2000, Nissan Auto Receivables Corporation ("NARC")
and Nissan Motor Acceptance Corporation ("NMAC") entered into that certain
Purchase Agreement, dated as of January 27, 2000 (the "Purchase Agreement"),
pursuant to which NMAC transferred to NARC certain retail installment sales
contracts relating to certain new, near-new and used automobiles and light-duty
trucks (the "Receivables") and related property. On January 27, 2000, Nissan
Auto Receivables 2000-A Owner Trust (the "Trust"), a Delaware business trust
created pursuant to that certain Trust Agreement, dated as of December 21, 1999,
as amended by the Amended and Restated Trust Agreement, dated as of January 27,
2000 (the "Amended and Restated Trust Agreement"), by and between NARC, as
depositor, and Wilmington Trust Company, as owner trustee, entered into that
certain Sale and Servicing Agreement, dated as of January 27, 2000 (the "Sale
and Servicing Agreement"), with NARC, as seller, and NMAC, as servicer, pursuant
to which the Receivables and related property were transferred to the Trust.
Also on January 27, 2000, the Trust caused the issuance, pursuant to an
Indenture, dated as of January 27, 2000 (the "Indenture"), by and between the
Trust, as issuer, and Norwest Bank Minnesota, National Association, as indenture
trustee (the "Indenture Trustee"), of the Notes in the following classes: Class
A-1, Class A-2, Class A-3 and Class A-4 (collectively, the "Notes"). Also on
January 27, 2000, NARC, as seller, NMAC, as servicer, and the Indenture Trustee
entered into that certain Yield Supplement Agreement, dated as of January 27,
2000 (the "Yield Supplement Agreement"), relating to the yield supplement
account to be maintained for the benefit of the holders of the Notes. Also on
January 27, 2000, the Trust, as issuer, NMAC, as administrator, and the
Indenture Trustee entered into that certain Administration Agreement, dated as
of January 27, 2000, relating to the provision by NMAC of certain
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services relating to the Notes. The Notes, with an aggregate scheduled principal
balance, as of January 27, 2000, of $758,130,000, were sold to Chase Securities
Inc., J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith
Incorporated, as underwriters (the "Underwriters"), pursuant to an Underwriting
Agreement, dated as of January 19, 2000, by and among NARC, NMAC and Chase
Securities Inc., on behalf of itself and as the representative of the
Underwriters. The Notes have been registered pursuant to the Securities Act of
1933, as amended, under a Registration Statement on Form S-3 (Commission File
No. 333-82763).
Attached as Exhibit 4.1 is the Sale and Servicing Agreement, as
Exhibit 4.2 is the Indenture, as Exhibit 4.3 is the Purchase Agreement, as
Exhibit 4.4 is the Amended and Restated Trust Agreement, as Exhibit 4.5 is the
Administration Agreement and as Exhibit 4.6 is the Yield Supplement Agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
The exhibit number corresponds with Item 601(a) of Regulation S-K.
Exhibit No. Description
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Exhibit 4.1 Sale and Servicing Agreement, dated as of
January 27, 2000, by and among the Trust, as
issuer, NARC, as seller, and NMAC, as
servicer.
Exhibit 4.2 Indenture, dated as of January 27, 2000, by
and between the Trust, as issuer, and the
Indenture Trustee.
Exhibit 4.3 Purchase Agreement, dated as of January 27,
2000, by and between NARC, as purchaser, and
NMAC, as seller.
Exhibit 4.4 Amended and Restated Trust Agreement, dated
as of January 27, 2000, by and between NARC,
as depositor, and Wilmington Trust Company,
as Owner Trustee.
Exhibit 4.5 Administration Agreement, dated as of January
27, 2000, by and among the Trust, as issuer,
NMAC, as administrator, and the Indenture
Trustee.
Exhibit 4.6 Yield Supplement Agreement, dated as of
January 27, 2000, by and among NARC, as
seller, NMAC, as servicer, and the Indenture
Trustee.
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Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
NISSAN AUTO RECEIVABLES CORPORATION
By: /s/ Tomoaki Shimazu
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Name: Tomoaki Shimazu
Title: Treasurer, Assistant
Secretary and Director
February 2, 2000
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EXHIBIT INDEX
Item 601(a) of Regulation S-K
Exhibit No. Description
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Exhibit 4.1 Sale and Servicing Agreement, dated as of
January 27, 2000, by and among the Trust, as
issuer, NARC, as seller, and NMAC, as
servicer.
Exhibit 4.2 Indenture, dated as of January 27, 2000, by
and between the Trust, as issuer, and the
Indenture Trustee.
Exhibit 4.3 Purchase Agreement, dated as of January 27,
2000, by and between NARC, as purchaser, and
NMAC, as seller.
Exhibit 4.4 Amended and Restated Trust Agreement, dated
as of January 27, 2000, by and between NARC,
as depositor, and Wilmington Trust Company,
as Owner Trustee.
Exhibit 4.5 Administration Agreement, dated as of January
27, 2000, by and among the Trust, as issuer,
NMAC, as administrator, and the Indenture
Trustee.
Exhibit 4.6 Yield Supplement Agreement, dated as of
January 27, 2000, by and among NARC, as
seller, NMAC, as servicer, and the Indenture
Trustee.