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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: November 15, 2000
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(Date of earliest event reported)
NISSAN AUTO RECEIVABLES CORPORATION
ON BEHALF OF NISSAN AUTO RECEIVABLES 2000-C OWNER TRUST
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(Exact name of registrant as specified in its charter)
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DELAWARE 333-82763 33-0479655
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.)
Incorporation)
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990 WEST 190TH STREET
TORRANCE, CALIFORNIA 90502
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(Address of principal executive offices)
Registrant's telephone number, including area code: (310) 719-8013
ITEM 5. OTHER EVENTS
On November 15, 2000, Nissan Auto Receivables Corporation ("NARC") and
Nissan Motor Acceptance Corporation ("NMAC") entered into that certain Purchase
Agreement, dated as of November 15, 2000 (the "Purchase Agreement"), pursuant to
which NMAC transferred to NARC certain retail installment sales contracts
relating to certain new, near-new and used automobiles and light-duty trucks
(the "Receivables") and related property. On November 15, 2000, Nissan Auto
Receivables 2000-C Owner Trust (the "Trust"), a Delaware business trust created
pursuant to that certain Trust Agreement, dated as of August 24, 2000, as
amended by the Amended and Restated Trust Agreement, dated as of November 15,
2000 (the "Amended and Restated Trust Agreement"), by and between NARC, as
depositor, and Wilmington Trust Company, as owner trustee, entered into that
certain Sale and Servicing Agreement, dated as of November 15, 2000 (the "Sale
and Servicing Agreement"), with NARC, as seller, and NMAC, as servicer, pursuant
to which the Receivables and related property were transferred to the Trust.
Also on November 15, 2000, the Trust caused the issuance, pursuant to an
Indenture, dated as of November 15, 2000 (the "Indenture"), by and between the
Trust, as issuer, and Wells Fargo Bank Minnesota, National Association, as
indenture trustee (the "Indenture Trustee"), of certain notes in the following
classes: Class A-1, Class A-2, Class A-3 and Class A-4 (collectively, the
"Notes"). Also on November 15, 2000, the Trust, NARC, as seller, NMAC, as
servicer, and the Indenture Trustee entered into that certain Yield Supplement
Agreement, dated as of November 15, 2000 (the "Yield Supplement Agreement"),
relating to the yield supplement account to be maintained for the benefit of the
holders of the Notes. Also on November 15, 2000, the Trust, as issuer, NMAC, as
administrator, and the Indenture Trustee entered into that certain
Administration Agreement,
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dated as of November 15, 2000, relating to the provision by NMAC of certain
services relating to the Notes. The Notes, with an aggregate principal balance
of $698,500,000, were sold to Chase Securities Inc., J.P. Morgan Securities Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as underwriters (the
"Underwriters"), pursuant to an Underwriting Agreement, dated as of November 7,
2000, by and among NARC, NMAC and J.P. Morgan Securities Inc., on behalf of
itself and as the representative of the Underwriters. The Notes have been
registered pursuant to the Securities Act of 1933, as amended, under a
Registration Statement on Form S-3 (Commission File No. 333-82763).
Attached as Exhibit 4.1 is the Sale and Servicing Agreement, as Exhibit
4.2 is the Indenture, as Exhibit 4.3 is the Purchase Agreement, as Exhibit 4.4
is the Amended and Restated Trust Agreement, as Exhibit 4.5 is the
Administration Agreement and as Exhibit 4.6 is the Yield Supplement Agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
The exhibit number corresponds with Item 601(a) of Regulation
S-K.
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Exhibit No. Description
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Exhibit 4.1 Sale and Servicing Agreement,
dated as of November 15, 2000, by
and among the Trust, as issuer,
NARC, as seller, and NMAC, as
servicer.
Exhibit 4.2 Indenture, dated as of November
15, 2000, by and between the
Trust, as issuer, and the
Indenture Trustee.
Exhibit 4.3 Purchase Agreement, dated as of
November 15, 2000, by and between
NARC, as purchaser, and NMAC, as
seller.
Exhibit 4.4 Amended and Restated Trust
Agreement, dated as of November
15, 2000, by and between NARC, as
depositor, and Wilmington Trust
Company, as Owner Trustee.
Exhibit 4.5 Administration Agreement, dated as
of November 15, 2000, by and among
the Trust, as issuer, NMAC, as
administrator, and the Indenture
Trustee.
Exhibit 4.6 Yield Supplement Agreement, dated
as of November 15, 2000, by and
among the Trust, NARC, as seller,
NMAC, as servicer, and the
Indenture Trustee.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
NISSAN AUTO RECEIVABLES CORPORATION
By: /s/ Joji Tagawa
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Name: Joji Tagawa
Title: Treasurer
Date: November 28, 2000
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EXHIBIT INDEX
Item 601(a) of Regulation S-K
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Exhibit No. Description
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Exhibit 4.1 Sale and Servicing Agreement,
dated as of November 15, 2000, by
and among the Trust, as issuer,
NARC, as seller, and NMAC, as
servicer.
Exhibit 4.2 Indenture, dated as of November
15, 2000, by and between the
Trust, as issuer, and the
Indenture Trustee.
Exhibit 4.3 Purchase Agreement, dated as of
November 15, 2000, by and between
NARC, as purchaser, and NMAC, as
seller.
Exhibit 4.4 Amended and Restated Trust
Agreement, dated as of November
15, 2000, by and between NARC, as
depositor, and Wilmington Trust
Company, as Owner Trustee.
Exhibit 4.5 Administration Agreement, dated as
of November 15, 2000, by and among
the Trust, as issuer, NMAC, as
administrator, and the Indenture
Trustee.
Exhibit 4.6 Yield Supplement Agreement, dated
as of November 15, 2000, by and
among the Trust, NARC, as seller,
NMAC, as servicer, and the
Indenture Trustee.
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