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) August 15, 1997.
DFC Securitization Trust 1997-I
(Exact name of registrant as specified in charter)
North Carolina 333-24351 Applied for
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
c/o PNC Bank, National Association
Corporate Trust Department
Attention: Constantine Hromych
1700 Market Street
Philadelphia, Pennsylvania 19103
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 585-8738
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(Former name or former address, if changed since last report.)
DFC Securitization Trust 1997-I
Form 8-K
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
DFC Securitization Trust 1997-I (the "Trust"), the issuer of the
Deutsche Financial Capital Securitization LLC Senior/Subordinated Pass-Through
Certificates, Series 1997-I (the "Certificates"), makes monthly distributions to
holders of the Certificates. The latest distribution was made on August 15,
1997. Oakwood Acceptance Corporation, as Servicer for the Trust, has prepared a
monthly Remittance Report and delivered it to the Trustee.
On June 27, 1997, Deutsche Financial Capital Securitization LLC closed its first
offering, Senior/Subordinated Pass-Through Certificates, Series 1997-I, under
its shelf registration on Form S-3 (Commission File No. 333-24351) which became
effective on June 18, 1997. The issue and use of net proceeds information is as
follows:
Title of Class Issue Price Underwriting Discount Other Expenses Net Proceeds
- -------------- ----------- --------------------- -------------- ------------
A-1 34,710,159 -76,369 34,633,790
A-2 25,010,286 -65,055 24,945,231
A-3 19,971,754 -59,946 19,911,808
A-4 7,092,462 -24,868 7,067,594
A-5 20,792,632 -83,252 20,709,380
A-6 19,836,924 -89,402 19,747,522
M 12,500,085 -56,285 12,443,800
B-1 14,904,866 -74,644 14,830,222
Total 154,819,168 -529,821 -488,072 153,801,275
Net proceeds were used to purchase the assets from Deutsche Financial Capital
Limited Liability Company. The underwriters were Credit Suisse First Boston and
Deutsche Morgan Grenfell.
Remittance Report. . . . . . . . . . . . .Exhibit 20.1
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibits
20.1 Monthly Remittance Report relating to the Distribution
Date occurring on August 15, 1997.
Item 8. Change in Fiscal Year.
Not Applicable.
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.
DFC Securitization TRUST 1997-I, Registrant
By: Oakwood Acceptance Corporation,
as servicer
August 23, 1997 /s/ DOUGLAS R. MUIR
Douglas R. Muir
Vice President
INDEX OF EXHIBITS
Page of Sequentially
Numbered Pages
20.1 Monthly Remittance Report relating to Distribution
Date occurring on August 15, 1997................................................................ 5-10