AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
on July 29, 1996
Registration Statement No. 333-08687
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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AMRESCO Residential Securities Corporation
(Exact name of Registrant as specified in its governing instruments)
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DELAWARE 75-2620414
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(State of Incorporation) (I.R.S. Employer Identification Number)
Before August 9, 1996 After August 9, 1996
1845 Woodall Rodgers Freeway 700 N. Pearl Street, Suite 2400
Dallas, Texas 75201 Dallas, Texas 75201
(Address of principal executive offices) (214) 953-7700
(214) 953-7700
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H. John Steele, Esq.
Arter & Hadden
1801 K Street, N.W.
Suite 400K
Washington, DC 20006
(202) 775-7169
Fax: (202) 857-0172
(Name and address of agent for service)
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Please send copies of communications to:
Michael W. Trickey Karen H. Cornell
Senior Vice President of Finance Deputy General Counsel
AMRESCO Residential Credit Corporation AMRESCO, Inc.
3401 Centrelake Drive, Suite 480 1845 Woodall Rodgers Freeway
Ontario, California 91761 Dallas, Texas 75201
(909) 605-7600 (214) 953-7700
Fax: (909) 941-7619 Fax: (214) 953-7757
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO PUBLIC. From time to
time after the effective date of this Registration Statement as determined by
market conditions and pursuant to Rule 415.
If the only securities being registered on this Form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
Box. [ ]
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest
reinvestment plans, please check the following box. |X|
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [ ]
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [ ]
Pursuant to Rule 429 of the Securities Act of 1933, the Prospectus filed as
part of this Registration Statement may be used in connection with the
securities covered by Registration Statement No. 33-99346.
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<PAGE>
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<CAPTION>
CALCULATION OF REGISTRATION FEE
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Proposed Maximum Proposed Maximum
Title of Securities Amount Being Offering Price Aggregate Offering Amount of
Being Registered Registered Per Unit* Price Registration Fee
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<S> <C> <C> <C> <C>
Mortgage Loan Asset Backed $2,000,000,000.00 100% $2,000,000,000.00 $689,655.17**
Certificates
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* Estimated solely for purposes of calculating the registration fee.
** Previously paid by wire transfer on July 24, 1996.
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The Registrant hereby amends this Registration Statement on such date or
dates as may be necessary to delay its effective date until the Registrant shall
file a further amendment which specifically states that this Registration
Statement shall thereafter become effective in accordance with Section 8(a) of
the Securities Act of 1933 or until the Registration Statement shall become
effective on such date as the Commission acting pursuant to said Section 8(a),
may determine.
<PAGE>
<TABLE>
<CAPTION>
CROSS REFERENCE SHEET
Items and Caption in Form S-3 Location in Prospectus
<S> <C> <C>
1. Forepart of Registration Statement and Outside Front Cover
Page of Prospectus.............................................. Forepart of Registration
Statement and Outside Front
Cover Page **
2. Inside Front and Outside Back Cover Pages of Prospectus............ Inside Front Cover Page and
Outside Back Cover Page of
Prospectus **
3. Summary Information, Risk Factors and Ratio of
Earnings to Fixed Charges....................................... Summary**; The Seller**; Risk
Factors**
4. Use of Proceeds.................................................... Use of Proceeds**
5. Determination of Offering Price.................................... *
6. Dilution........................................................... *
7. Selling Security-Holders........................................... *
8. Plan of Distribution............................................... Plan of Distribution **
9. Description of Securities to be Registered......................... Outside Front Cover; Summary;
The Trusts; The Securities;
Administration of Agreement
and Servicing of Mortgage
Loans **
10. Interests of Named Experts and Counsel............................. *
11. Material Changes................................................... *
12. Incorporation of Certain Information by Reference.................. Inside Front Cover Page**;
Incorporation of Certain
Documents by Reference**
13. Disclosure of Commission Position on Indemnification for
Securities Act Liabilities...................................... See Page II-2
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<FN>
* Answer negative or item inapplicable.
** To be completed from time to time by Prospectus Supplement.
</FN>
</TABLE>
3
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution.
The following table sets forth the estimated expenses in connection
with the issuance and distribution of the Certificates, other than underwriting
discounts and commissions.*
<TABLE>
<CAPTION>
<S> <C>
Filing Fee for Registration Statement................................. $689,655.17
Legal Fees and Expenses*.............................................. **
Accounting Fees and Expenses*......................................... **
Trustee's Fees and Expenses (including counsel fees)*................. **
Printing and Engraving Fees*.......................................... **
Blue Sky Fees and Expenses*........................................... **
Rating Agency Fees*................................................... **
Miscellaneous*........................................................ **
Total........................................................... $___________
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<FN>
* Estimated in accordance with Item 511 of Regulation S-K.
** To be filed by Amendment.
</FN>
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Item 15. Exhibits.
<TABLE>
<CAPTION>
<S> <C> <C>
1.1 ** -- Form of Underwriting Agreement.
3.1 ** -- Certificate of Incorporation of AMRESCO Residential Securities Corporation.
3.2 ** -- Bylaws of AMRESCO Residential Securities Corporation.
4.1 ** -- Form of Single Family Pooling and Servicing Agreement.
4.2 ** -- Form of Multifamily/Commercial Pooling and Servicing Agreement.
4.3 * -- Form of Trust Agreement for Debt Securities.
4.4 * -- Form of Trust Indenture for Debt Securities.
5.1 * -- Opinion of Arter & Hadden regarding the legality of the Certificates.
8.1 * -- Opinion of Arter & Hadden regarding tax matters.
8.2 * -- Opinion of Arter & Hadden regarding tax matters.
10.1 ** -- Representative Form(s) of Mortgage Note(s).
10.2 ** -- Representative Form of Mortgage.
10.10 ** -- Form of Agreement with Clearing Agency.
23.1 * -- Consent of Arter & Hadden (included as part of Exhibit 5.1, 8.1 and 8.2).
24.1 * -- Powers of Attorney.
24.3 *** -- Consent of Independent Auditor of Certificate Insurer.
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*Previously filed.
**Incorporated by reference from the Registrant's Registration Statement Number 33-99346.
***To be filed by post-effective amendment.
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II-1
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant hereby certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-3 and has duly caused this
Amendment No. 1 to Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Dallas, State of Texas,
on the 29th day of July, 1996.
AMRESCO RESIDENTIAL SECURITIES
CORPORATION
By: /s/ Scott J. Reading
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Scott J. Reading
Pursuant to the requirements of the Securities Act of 1933, this
Amendment No. 1 to Registration Statement has been signed by the following
persons in the capacities and on the dates indicated.
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<CAPTION>
Signature Title Date
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<S> <C> <C>
/s/ Robert L. Adair, III
- ---------------------------- Chief Executive Officer and July 29, 1996
Robert L. Adair, III Director
/s/ Ronald B. Kirkland
- ---------------------------- Chief Financial Officer and July 29, 1996
Ronald B. Kirkland Chief Accounting Officer
/s/ M. Katheryn Boyle Director July 29, 1996
- ----------------------------
M. Katheryn Boyle
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