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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 25, 2000
IKON RECEIVABLES, LLC
(Exact name of registrant as specified in its charter)
Delaware 333-91599 23-2990188
(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, 1999 and December 31, 1998 and for each
of the years in the three-year period ended December 31, 1999, included in the
Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with
the Commission on March 30, 2000 Commission File No. 001-10777) and the
unaudited consolidated financial statements of Ambac Assurance Corporation and
its subsidiaries as of March 31, 2000, and for the periods ended March 31, 2000
and March 31, 1999, included the Quarterly Report on Form 10-Q of Ambac
Financial Group, Inc. for the period ended March 31, 2000 (which was filed with
the Securities and Exchange Commission on May 12, 2000 Commission File No. 001-
10777) are hereby incorporated by reference in (i) this Current Report on
Form 8-K; (ii) the Registration Statement of IKON Receivables, LLC (No. 333-
91599); and (iii) the Prospectus Supplement dated May 25, 2000 relating to IKON
Receivables, LLC's Lease-Backed Notes, Series 2000-1 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
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23.5 Consent of KPMG LLP, dated May 25 2000, 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, LLC
By: IKON RECEIVABLES FUNDING, INC.,
as Sole Member and Initial Manager
By: /s/ Jack Quinn
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Name: Jack Quinn
Title: Treasurer
Dated: May 25, 2000
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Exhibit Index
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Exhibit
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23.4 Consent of KPMG LLP.
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CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration
Statement (No. 333-91599) of IKON Receivables, LLC (the "Registrant") and in the
Prospectus Supplement of the Registrant dated May 25, 2000 (the "Preliminary
Prospectus Supplement") relating to the Registrant's Lease-Backed Notes, Series
2000-1, via the Form 8-K of the Registrant dated May 25, 2000, of our report
dated January 21, 2000 on the consolidated financial statements of Ambac
Assurance Corporation and subsidiaries as of December 31, 1999 and 1998, and for
each of the years in the three-year period ended on December 31, 1999, which
report appears in the Form 10-K of Ambac Financial Group, Inc. which was filed
with the Securities and Exchange Commission on March 30, 2000 and to the
reference to our firm under the heading "Experts" in the Prospectus Supplement.
/s/ KPMG LLP
New York, New York
May 25, 2000
