<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
Date of Report (Date of earliest event reported): June 1, 2000
ARCADIA RECEIVABLES FINANCE CORP.
as originator of
ASSOCIATES AUTOMOBILE RECEIVABLES TRUST 2000-1
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(Exact name of registrant as specified in its charter)
Delaware 333-82281 41-1743653
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
290 East Carpenter Freeway, 7 Decker, Irving, Texas 75062
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(Address of principal executive offices)
Registrant's telephone number, including area code: (972) 652-4000
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7825 Washington Avenue South, Minneapolis, Minnesota 55439-2435
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(Former name or former address, if changed since last report)
<PAGE> 2
Item 1. CHANGES IN CONTROL OF REGISTRANT.
Not applicable.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not applicable.
Item 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
Not applicable.
Item 5. OTHER EVENTS.
Described below is certain statistical information regarding the
receivables to be delivered to the Associates Automobile Receivables
Trust 2000-1. The statistical information presented below is based on
the characteristics of the receivables as of the cutoff date. Prior to
the closing date, certain receivables may be removed and additional
receivables may be substituted for those receivables. The information
presented below is the same detailed description of the receivables as
of the cutoff date as was presented for the potential receivables as
of the statistical calculation date beginning on page S-24 of the
Registrant's Prospectus Supplement, dated June 16, 2000, to the
Prospectus, dated June 16, 2000.
<PAGE> 3
As of the cutoff date, approximately 11.43% of the aggregate principal balance
of the receivables was attributable to loans for the purchase of new financed
vehicles, and approximately 88.57% of the aggregate principal balance was
attributable to loans for the purchase of used financed vehicles. The
receivables were purchased from 5,074 dealers. Not more than 0.48% of the
aggregate principal balance of the receivables as of the cutoff date was
originated by any single dealer. The ten most significant dealers, collectively,
originated approximately 3.5% of the aggregate principal balance as of the
cutoff date, each of whom individually accounted for at least 0.31% of the
aggregate principal balance as of the cutoff date. All of the receivables are
simple interest obligations.
While the statistical distribution of the final characteristics of all
receivables transferred to the trust on the closing date will vary from the
statistical information presented herein, the seller does not believe that the
characteristics of the receivables on the closing date will vary materially.
The composition and distribution by APR, the geographic concentration, the
distribution by principal balance, and the distribution by original maturity and
remaining maturity of the receivables pool as of the cutoff date are set forth
in the following tables:
COMPOSITION OF THE RECEIVABLES
AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
WEIGHTED
AVERAGE WEIGHTED
WEIGHTED AGGREGATE NUMBER OF AVERAGE ORIGINAL AVERAGE
AVERAGE APR PRINCIPAL RECEIVABLES PRINCIPAL SCHEDULED REMAINING
OF RECEIVABLES BALANCE IN POOL BALANCE TERM(1) TERM(1)
-------------- --------- ----------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
17.70% $833,347,584 56,503 $14,749 67.7 months 64.3 months
</TABLE>
----------
(1) Based on scheduled payments due after the cutoff date (in the case of the
weighted average remaining term) and assuming no prepayments on the
receivables.
<PAGE> 4
DISTRIBUTION BY APR OF THE RECEIVABLES
AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
PERCENT OF
NUMBER OF AGGREGATE AGGREGATE PRINCIPAL
APR RANGE(%) RECEIVABLES PRINCIPAL BALANCE BALANCE(1)
------------ ----------- ----------------- -------------------
<S> <C> <C> <C>
8.00% to 8.99% 35 $ 528,133.89 0.06%
9.00% to 9.99% 252 4,294,591.00 0.52%
10.00% to 10.99% 451 7,894,764.99 0.95%
11.00% to 11.99% 718 12,154,952.21 1.46%
12.00% to 12.99% 1,520 25,288,872.43 3.03%
13.00% to 13.99% 2,021 34,063,207.77 4.09%
14.00% to 14.99% 3,101 50,860,330.67 6.10%
15.00% to 15.99% 4,121 66,681,128.82 8.00%
16.00% to 16.99% 5,869 93,923,202.72 11.27%
17.00% to 17.99% 10,158 158,262,016.51 18.99%
18.00% to 18.99% 8,517 124,101,506.64 14.89%
19.00% to 19.99% 7,163 100,767,585.54 12.09%
20.00% to 20.99% 6,151 79,414,960.47 9.53%
21.00% to 21.99% 3,868 47,145,004.46 5.66%
22.00% to 22.99% 1,637 18,522,553.67 2.22%
23.00% to 23.99% 916 9,382,438.78 1.13%
24.00% to 26.99% 5 62,333.75 0.01%
------ ----------------- ------
TOTALS 56,503 $ 833,347,584.32 100.00%
====== ================= ======
</TABLE>
----------
(1) The sum of the individual aggregate principal balance percentages may not
total 100.00% due to rounding.
GEOGRAPHIC CONCENTRATION OF THE RECEIVABLES
AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
PERCENT OF
NUMBER OF AGGREGATE AGGREGATE
STATE RECEIVABLES PRINCIPAL BALANCE PRINCIPAL BALANCE(1)
----- ----------- ----------------- --------------------
<S> <C> <C> <C>
Alabama 48 $ 765,541.53 0.09%
Alaska 5 79,039.51 0.01%
Arizona 1,657 27,269,096.36 3.27%
Arkansas 116 1,763,713.88 0.21%
California 4,944 77,751,534.20 9.33%
Colorado 1,885 28,314,150.34 3.40%
Connecticut 639 8,975,156.78 1.08%
Delaware 80 1,210,680.07 0.15%
Florida 4,060 58,354,176.25 7.00%
Georgia 2,871 43,207,198.46 5.18%
Hawaii 5 83,686.08 0.01%
Idaho 206 2,623,901.67 0.31%
Illinois 1,191 17,915,921.58 2.15%
Indiana 491 6,850,363.09 0.82%
Iowa 432 6,071,033.81 0.73%
Kansas 311 4,310,602.02 0.52%
Kentucky 777 10,758,668.73 1.29%
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>
PERCENT OF
NUMBER OF AGGREGATE AGGREGATE
STATE RECEIVABLES PRINCIPAL BALANCE PRINCIPAL BALANCE(1)
----- ----------- ----------------- --------------------
<S> <C> <C> <C>
Louisiana 11 186,441.79 0.02%
Maine 193 2,549,680.73 0.31%
District of Columbia 35 587,201.63 0.07%
Maryland 518 8,513,776.02 1.02%
Massachusetts 1,600 20,881,367.63 2.51%
Michigan 1,205 16,613,582.49 1.99%
Minnesota 818 11,601,090.87 1.39%
Mississippi 868 13,143,370.76 1.58%
Missouri 1,818 25,505,015.94 3.06%
Montana 118 1,647,143.19 0.20%
Nebraska 424 5,644,678.45 0.68%
Nevada 967 15,470,407.77 1.86%
New Hampshire 420 5,128,263.13 0.62%
New Jersey 249 3,776,606.11 0.45%
New Mexico 1,067 17,272,381.96 2.07%
New York 1,835 24,092,491.17 2.89%
North Carolina 2,083 30,941,893.62 3.71%
North Dakota 25 331,605.17 0.04%
Ohio 479 6,557,952.41 0.79%
Oklahoma 2,365 33,929,092.08 4.07%
Oregon 1,515 21,082,837.75 2.53%
Pennsylvania 867 13,059,743.65 1.57%
Puerto Rico 2 13,688.76 0.00%
Rhode Island 230 2,904,237.73 0.35%
South Carolina 2,086 30,422,510.55 3.65%
South Dakota 108 1,534,455.58 0.18%
Tennessee 2,191 32,319,543.50 3.88%
Texas 8,365 129,115,107.68 15.49%
Utah 1,026 15,245,881.91 1.83%
Vermont 45 550,348.51 0.07%
Virginia 1,228 18,106,680.40 2.17%
Washington 1,441 20,162,043.52 2.42%
West Virginia 13 175,774.41 0.02%
Wisconsin 445 6,234,297.93 0.75%
Wyoming 118 1,650,469.83 0.20%
Unknown 7 91,455.33 0.01%
------ --------------- ------
TOTALS 56,503 $833,347,584.32 100.00%
====== =============== ======
</TABLE>
----------
(1) The sum of the individual aggregate principal balance percentages may not
total 100.00% due to rounding.
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DISTRIBUTION OF THE RECEIVABLES BY PRINCIPAL BALANCE
AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF AGGREGATE
PRINCIPAL BALANCE RANGE RECEIVABLES BALANCE PRINCIPAL BALANCE(1)
----------------------- ----------- ------------------- --------------------
<S> <C> <C> <C>
Less than or equal to $5,000.00 300 $ 1,194,655.25 0.14%
$5,000.01 to $10,000.00 9,381 77,121,553.16 9.25%
$10,000.01 to $15,000.00 22,052 277,066,353.60 33.25%
$15,000.01 to $20,000.00 16,600 285,004,186.70 34.20%
$20,000.01 to $25,000.00 6,137 135,254,574.92 16.23%
$25,000.01 to $30,000.00 1,585 42,648,807.87 5.12%
Greater than $30,000.00 448 15,057,452.82 1.81%
------ --------------- ------
56,503 $833,347,584.32 100.00%
====== =============== ======
</TABLE>
----------
(1) The sum of the individual aggregate principal balance percentages may not
total 100.00% due to rounding.
DISTRIBUTION OF THE RECEIVABLES BY ORIGINAL MATURITY
AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
NUMBER OF AGGREGATE PERCENT OF AGGREGATE
ORIGINAL MATURITY RANGE RECEIVABLES PRINCIPAL BALANCE PRINCIPAL BALANCE(1)
----------------------- ----------- ----------------- --------------------
<S> <C> <C> <C>
Less than 13 Months 4 $ 10,217.44 0.00%
13 to 24 Months 65 360,166.55 0.04%
25 to 36 Months 692 4,843,114.95 0.58%
37 to 48 Months 3,897 35,343,848.73 4.24%
49 to 60 Months 15,032 184,636,296.59 22.16%
61 to 66 Months 2,415 34,522,303.70 4.14%
67 to 72 Months 34,385 573,331,925.39 68.80%
73 to 78 Months 7 121,694.18 0.01%
79 to 84 Months 6 178,016.79 0.02%
------ --------------- ------
56,503 $833,347,584.32 100.00%
====== =============== ======
</TABLE>
----------
(1) The sum of the individual aggregate principal balance percentages may not
total 100.00% due to rounding.
DISTRIBUTION OF THE RECEIVABLES BY REMAINING MATURITY
AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
NUMBER OF AGGREGATE PERCENT OF AGGREGATE
REMAINING MATURITY RANGE RECEIVABLES PRINCIPAL BALANCE PRINCIPAL BALANCE(1)
------------------------ ----------- ----------------- --------------------
<S> <C> <C> <C>
Less than 13 Months 8 $ 23,676.71 0.00%
13 to 24 Months 77 427,260.03 0.05%
25 to 36 Months 764 5,407,259.47 0.65%
37 to 48 Months 4,032 36,963,488.94 4.44%
49 to 60 Months 15,271 188,661,681.41 22.64%
61 to 66 Months 7,928 124,063,728.18 14.89%
67 to 72 Months 28,413 477,545,406.38 57.30%
73 to 78 Months 7 171,276.95 0.02%
79 to 84 Months 3 83,806.25 0.01%
------ --------------- ------
56,503 $833,347,584.32 100.00%
====== =============== ======
</TABLE>
----------
(1) The sum of the individual aggregate principal balance percentages may not
total 100.00% due to rounding.
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Item 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not applicable.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
Not applicable.
<PAGE> 8
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.
Dated: June 21, 2000 ARCADIA RECEIVABLES FINANCE CORP.,
as originator of Associates Automobile
Receivables Trust 2000-1
By: /s/ SCOTT W. McCARTHY
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Scott W. McCarthy
Senior Vice President
