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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: June 30, 2000
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(Date of earliest event reported)
NISSAN AUTO RECEIVABLES CORPORATION
ON BEHALF OF NISSAN AUTO RECEIVABLES 2000-B OWNER TRUST
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(Exact name of registrant as specified in its charter)
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DELAWARE 333-82763 33-0479655
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(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
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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 June 21, 2000, Nissan Auto Receivables Corporation ("NARC") and
Nissan Motor Acceptance Corporation ("NMAC") entered into that certain Purchase
Agreement, dated as of June 21, 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 June 21, 2000, Nissan Auto
Receivables 2000-B Owner Trust (the "Trust"), a Delaware business trust created
pursuant to that certain Trust Agreement, dated as of April 20, 2000, as amended
by the Amended and Restated Trust Agreement, dated as of June 21, 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 June 21, 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 June 21,
2000, the Trust caused the issuance, pursuant to an Indenture, dated as of June
21, 2000 (the "Indenture"), by and between the Trust, as issuer, and Norwest
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 June 21, 2000, the
Trust, NARC, as seller, NMAC, as servicer, and the Indenture Trustee entered
into that certain Yield Supplement Agreement, dated as of June 21, 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 June 21, 2000,
the Trust, as issuer, NMAC, as administrator, and the Indenture Trustee entered
into that certain Administration Agreement, dated as of June 21, 2000, relating
to the provision by NMAC of certain
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services relating to the Notes. The Notes, with an aggregate principal balance
of $880,750,000, were sold to J.P. Morgan Securities Inc., Chase Securities
Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Salomon Smith
Barney Inc., as underwriters (the "Underwriters"), pursuant to an Underwriting
Agreement, dated as of June 15, 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 June 21,
2000, by and among the Trust, as issuer, NARC, as
seller, and NMAC, as servicer.
Exhibit 4.2 Indenture, dated as of June 21, 2000, by and
between the Trust, as issuer, and the Indenture
Trustee.
Exhibit 4.3 Purchase Agreement, dated as of June 21, 2000, by
and between NARC, as purchaser, and NMAC, as
seller.
Exhibit 4.4 Amended and Restated Trust Agreement, dated as of
June 21, 2000, by and between NARC, as depositor,
and Wilmington Trust Company, as Owner Trustee.
Exhibit 4.5 Administration Agreement, dated as of June 21, 2000
by and among the Trust, as issuer, NMAC, as
administrator, and the Indenture Trustee.
Exhibit 4.6 Yield Supplement Agreement, dated as of June 21,
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/ Benjamin V. Harwood
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Name: Benjamin V. Harwood
Title: Treasurer
June 30, 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 June 21,
2000, by and among the Trust, as issuer, NARC, as
seller, and NMAC, as servicer.
Exhibit 4.2 Indenture, dated as of June 21, 2000, by and
between the Trust, as issuer, and the Indenture
Trustee.
Exhibit 4.3 Purchase Agreement, dated as of June 21, 2000, by
and between NARC, as purchaser, and NMAC, as seller.
Exhibit 4.4 Amended and Restated Trust Agreement, dated as of
June 21, 2000, by and between NARC, as depositor,
and Wilmington Trust Company, as Owner Trustee.
Exhibit 4.5 Administration Agreement, dated as of June 21, 2000
by and among the Trust, as issuer, NMAC, as
administrator, and the Indenture Trustee.
Exhibit 4.6 Yield Supplement Agreement, dated as of June 21,
2000, by and among the Trust, NARC, as seller,
NMAC, as servicer, and the Indenture Trustee.
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