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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: August 27, 1999
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(Date of earliest event reported)
ONYX ACCEPTANCE FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 333-71045 33-0639768
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(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
27051 Towne Centre Drive, Suite 200
Foothill Ranch, California 92610
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(Address of Principal executive offices) (Zip Code)
Registrant=s Telephone Number, Including Area Code: (949) 465-3500
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Item 5. Other Events.
Reference is hereby made to the Registrant=s Registration Statement on
Form S-3 (File No. 333-71045) filed with the Securities and Exchange Commission
(the "Commission") on January 22, 1999, and Amendment No. 1 thereto filed with
the Commission on February 12, 1999 (as amended, the "Registration Statement"),
pursuant to which the Registrant registered $1,500,000,000 aggregate principal
amount of its auto loan backed notes and auto loan backed certificates, issuable
in various series, for sale in accordance with the provisions of the Securities
Act of 1933, as amended. Reference is also hereby made to the Prospectus and the
related Prospectus Supplement (the "Prospectus Supplement"), which will be filed
with the Commission pursuant to Rule 424(b)(5), with respect to the Registrant=s
Auto Loan Backed Notes and Auto Loan Backed Certificates, Series 1999-C (the
"Offered Securities").
The Registrant is filing this Current Report on Form 8-K to file the
Consent of Independent Accountants to the incorporation by reference in the
Prospectus Supplement of the accountants' report dated February 2, 1999 on the
audits of the consolidated financial statements of MBIA Insurance Corporation
and Subsidiaries. The Consent of Independent Accountants is set forth in Exhibit
23.3 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
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23.3 Consent of Independent Accountants
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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.
ONYX ACCEPTANCE FINANCIAL CORPORATION
August 27, 1999 By: /s/ Don P. Duffy
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Don P. Duffy,
Executive Vice President and
Chief Financial Officer
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EXHIBIT 23.3
Consent of Independent Accountants
We consent to the incorporation by reference in the Prospectus Supplement of
Onyx Acceptance Financial Corporation relating to Onyx Acceptance Owner Trust
1999-C, of our report dated February 2, 1999, on our audits of the consolidated
financial statements of MBIA Insurance Corporation and Subsidiaries as of
December 31, 1998 and 1997 and for each of the three years in the period ended
December 31, 1998. We also consent to the reference to our Firm under the
caption "Experts".
By: /s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
August 27, 1999
