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Previous: UNITED PAN EUROPE COMMUNICATIONS NV, SC 13D/A, 2000-01-19 |
Next: CDC MPT FUNDS, 24F-2NT, 2000-01-19 |
<PAGE> 1
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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January 3, 2000
STUDENT LOAN FUNDING 1999 - A/B TRUST
(Exact name of registrant as specified in its charter)
Delaware 333-64283 31-1599686
(State or other jurisdiction of (Commission File Number (I.R.S. Employer
incorporation or organization) Identification No.)
ONE WEST FOURTH STREET, SUITE 310
CINCINNATI, OHIO 45202
(513) 763-4415
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
NOT APPLICABLE.
(Registrant's former name or former address, if changed since last report)
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<PAGE> 2
Item 5. Other Events.
Pursuant to the Indenture of Trust (the "Indenture"), dated as of
October 1, 1999, among Student Loan Funding 1999 - A/B Trust, as
Issuer (the "Issuer"), Student Loan Funding Riverfront LLC, as
Depositor (the "Depositor"), and Firstar Bank, N.A. as Trustee (the
"Trustee"), the Trustee delivered to the noteholders the statement
required by the Indenture, which statement is being filed as Exhibit
99.1 to this Form 8-K, and based thereon the Trustee is required to
make distributions to the holders of the Issuer's Senior Auction Rate
Notes Series 1999 A-1, 2, 3, 4, 5 and 6 and Subordinate Auction Rate
Notes Series 1999 B-1.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
The following exhibit is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
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99.1 Noteholders' Statement, dated November 30, 1999
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<PAGE> 3
Signature
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, hereto duly authorized.
FIRSTAR BANK, N.A., not in its individual
capacity but solely in its capacity as Co-owner
Trustee for STUDENT LOAN FUNDING 1999 - A/B TRUST
Date: January 18, 2000 By: /s/ Brian J. Gardner
---------------------------
Brian J. Gardner
Vice President & Trust Officer
EXHIBIT INDEX
Exhibit Description of Exhibit
- ------- ----------------------
99.1 Noteholders' Statement, dated November 30, 1999
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<PAGE> 1
Exhibit 99.1
Noteholders' Statement for Student Loan Funding 1999 - A/B Trust
Student Loan Senior & Subordinate Asset Backed Notes
for Collection Period Ending: November 30, 1999
<TABLE>
<S> <C> <C> <C> <C>
CUSIP
Senior Series 1999 A-1 86387AAA7
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Senior Series 1999 A-2 86387AAB5
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Senior Series 1999 A-3 86387AAC3
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Senior Series 1999 A-4 86387AAD1
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Senior Series 1999 A-5 86387AAE9
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Senior Series 1999 A-6 86387AAF6
---------------------
Subordinate Series 1999 B-1 86387AAG4
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DISTRIBUTION DATE January 3, 2000
---------------------
(a) Amount of principal being paid or distributed:
(i) 1999 A-1 Notes: $0.00
(ii) 1999 A-2 Notes: $0.00
(iii) 1999 A-3 Notes: $0.00
(iv) 1999 A-4 Notes: $0.00
(v) 1999 A-5 Notes: $0.00
(vi) 1999 A-6 Notes: $0.00
(vii) 1999 B-1 Notes: $0.00
(b) Amount of interest being paid or distributed based upon the Formula Rate:
(i) 1999 A-1 Notes: 7 day auction $84.145.83
(ii) 1999 A-2 Notes: 7 day auction $82,541.67
(iii) 1999 A-3 Notes: $405,415.67
(iv) 1999 A-4 Notes: $444,888.89
(v) 1999 A-5 Notes: $1,076,406.25
(vi) 1999 A-6 Notes: $1,396,302.08
(vii) 1999 B-1 Notes: $168,000.00
Formula Interest Rates
(i) 1999 A-1 Notes: 5.770%
(ii) 1999 A-2 Notes: 5.660%
(iii) 1999 A-3 Notes: 5.600%
(iv) 1999 A-4 Notes: 6.950%
(v) 1999 A-5 Notes: 6.225%
(vi) 1999 A-6 Notes: 6.225%
(vii) 1999 B-1 Notes: 7.200%
</TABLE>
<PAGE> 2
<TABLE>
<S> <C> <C> <C>
(c) Interest Rates if they were based upon the Net Loan Rate
(i) 1999 A-1 Notes: 7.830%
(ii) 1999 A-2 Notes: 7.830%
(iii) 1999 A-3 Notes: 7.830%
(iv) 1999 A-4 Notes: 7.830%
(v) 1999 A-5 Notes: 7.830%
(vi) 1999 A-6 Notes: 7.830%
(vii) 1999 B-1 Notes: 7.830%
(d) Amount of distribution allocable to any Noteholders' Interest Carryover:
(i) 1999 A-1 Notes: $0.00
(ii) 1999 A-2 Notes: $0.00
(iii) 1999 A-3 Notes: $0.00
(iv) 1999 A-4 Notes: $0.00
(v) 1999 A-5 Notes: $0.00
(vi) 1999 A-6 Notes: $0.00
(vii) 1999 B-1 Notes: $0.00
(e) Pool Balance at end of preceding Collection Period: $343,101,915.00
(i) Parity Percentage 99.58%
(ii) Senior Parity Percentage 105.53%
(f) After giving effect to distributions on this Distribution Date:
(i) 1999 A-1 Notes: $75,000,000.00
(ii) 1999 A-2 Notes: $75,000,000.00
(iii) 1999 A-3 Notes: $75,000,000.00
(iv) 1999 A-4 Notes: $100,000,000.00
(v) 1999 A-5 Notes: $75,000,000.00
(vi) 1999 A-6 Notes: $95,000,000.00
(vii) 1999 B-1 Notes: $30,000,000.00
Total Series A Notes outstanding: $495,000,000.00
Total Notes outstanding: $525,000,000.00
(g) Amount of Program Operating Expenses
to be allocated for the upcoming Distribution Date: $243,012.00
(h) (i) Aggregate amount of Realized Losses (if any) for the Collection Period
immediately preceding the Distribution Date: $0.00
(ii) Amount received for recoveries of Realized Losses
from a previous Collection Period
(a) interest $0.00
(b) principal $0.00
</TABLE>
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<PAGE> 3
<TABLE>
<S> <C>
(i) (i) Amount of distribution attributable to the Reserve Fund: $0.00
(ii) Amount of distribution attributable to the Acquisition Fund: $0.00
(iii) Amount of distribution attributable to other Indenture accounts: $1,160,552.08
(iv) Reserve Fund Balance: $3,976,624.00
(v) Acquisition Fund Balance: $0.00
(vi) Other Indenture Account Balances: $2,134,994.61
(vii) Amount of Parity Percentage Payments: $0.00
(j) The aggregate amount paid for Financed Student Loans purchased by the
trust during the immediately preceding
Collection Period: $0.00
(k) Amount of Financed Student Loans:
(i) that are 31 through 60 days delinquent: $15,150,829.00
(ii) that are 61 through 90 days delinquent: $8,448,838.00
(iii) that are 91 through 120 days delinquent: $5,662,723.00
(iv) that are more than 120 days delinquent: $5,406,329.00
(v) for which claims have been filed with the appropriate Guaranty
Agency, guarantor, or escrow fund and which are awaiting payment: $41,047.00
</TABLE>
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