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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 18, 2000
Advanta Business Receivables Corp., as Transferor
on behalf of Advanta Business Card Master Trust
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(Exact Name of Registrant as Specified in Charter)
Nevada 333-32874 23-2852207
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
Advanta Business Receivables Corp.
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(Exact Name of Registrant as Specified in Charter)
Nevada 333-32874 23-2852207
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
Attention: General Counsel
639 Isbell Road
Suite 390
Reno, Nevada 89509
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (775) 823-3080
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Description of the Notes and the Receivables.
Advanta Business Receivables Corp. (the "Registrant") registered the
Advanta Business Card Master Trust Asset Backed Notes on a delayed or
continuous basis pursuant to Rule 415 under the Securities Act of 1933, as
amended (the "Act"), by the Registration Statement on Form S-3 (file No.
333-32874), as amended (the "Registration Statement").
As set forth in the Registration Statement, the Registrant formed
Advanta Business Card Master Trust (the "Issuer") which issued $579,000,000 in
aggregate principal amount of its Series 2000-B Asset Backed Notes (the
"Notes") on August 18, 2000 (the "Closing Date").
This Current Report Form 8-K is being filed to satisfy an undertaking
to file copies of certain agreements executed in connection with the issuance
of the Notes, the forms of which were filed as exhibits to the Registration
Statement.
The primary assets of the Issuer are a pool of receivables in a
portfolio of Mastercard(R)(1) business revolving credit card accounts.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
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(1) MasterCard(R) is a federally registered trademark of MasterCard
International Inc.
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(c) Exhibits:
Exhibit No. Description
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1.1 Underwriting Agreement, dated August 11, 2000, between Advanta
Business Receivables Corp. (the "Transferor"), Advanta Bank Corp.
and Salomon Smith Barney Inc., as Representative of the
Underwriters.
4.1 Master Indenture, dated as of August 1, 2000, between Wilmington
Trust Company, as Owner Trustee of the Advanta Business Card
Master Trust (the "Issuer") and Bankers Trust Company, as
Indenture Trustee (the "Indenture Trustee").
4.2 Series 2000-B Indenture Supplement, dated as of August 1, 2000,
between the Issuer and the Indenture Trustee.
4.3 Transfer and Servicing Agreement, dated as of August 1, 2000,
among the Transferor, Advanta Bank Corp., as Servicer, and the
Issuer.
4.4 Trust Agreement, dated as of August 1, 2000, between the
Transferor and Wilmington Trust Company, as Owner Trustee,
relating to the formation of Advanta Business Card Master Trust.
4.5 Administration Agreement, dated as of August 1, 2000, between
the Issuer and Advanta Bank Corp., as Administrator.
5.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with respect
to legality, dated August 18, 2000.
8.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with respect
to tax matters, dated August 18, 2000.
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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.
Date: August 30, 2000
ADVANTA BUSINESS CARD MASTER TRUST
By: Advanta Bank Corp., as attorney-in-fact
By: /s/ Mark B. Hales
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Name: Mark B. Hales
Title: President
ADVANTA BUSINESS RECEIVABLES CORP.
By: /s/ Michael Coco
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Name: Michael Coco
Title: Vice President - Finance
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EXHIBIT INDEX
(c) Exhibits:
Exhibit No. Description
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1.1 Underwriting Agreement, dated August 11, 2000, between Advanta
Business Receivables Corp. (the "Transferor"), Advanta Bank Corp.
and Salomon Smith Barney Inc., as Representative of the
Underwriters.
4.1 Master Indenture, dated as of August 1, 2000, between Wilmington
Trust Company, as Owner Trustee of the Advanta Business Card
Master Trust (the "Issuer") and Bankers Trust Company, as
Indenture Trustee (the "Indenture Trustee").
4.2 Series 2000-B Indenture Supplement, dated as of August 1, 2000,
between the Issuer and the Indenture Trustee.
4.3 Transfer and Servicing Agreement, dated as of August 1, 2000,
among the Transferor, Advanta Bank Corp., as Servicer, and the
Issuer.
4.4 Trust Agreement, dated as of August 1, 2000, between the
Transferor and Wilmington Trust Company, as Owner Trustee,
relating to the formation of Advanta Business Card Master Trust.
4.5 Administration Agreement, dated as of August 1, 2000, between
the Issuer and Advanta Bank Corp., as Administrator.
5.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with respect
to legality, dated August 18, 2000.
8.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with respect
to tax matters, dated August 18, 2000.
