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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) December 5, 1997
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CASE RECEIVABLES II INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 33-99298 76-0439709
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
233 Lake Avenue, Racine, Wisconsin 53403
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (414) 636-6011
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233 Lake Avenue, Racine, Wisconsin 53403
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
In the Prospectus Supplement dated September 11, 1997, issued
under Registration Statement No. 33-99298, the Registrant stated that,
following the end of the Funding Period, it would file a report on Form 8-K
containing information comparable to that contained in the tables set forth
therein regarding the characteristics of the Receivables Pool of Case
Equipment Loan Trust 1997-B upon completion of the Funding Period.
Following below is such information:
FLOATING RATE RECEIVABLES
Composition of the Floating Rate Receivables
as of the end of the Funding Period
Weighted
Average Weighted Weighted Average
APR of Aggregate Number of Average Average Contract
Receivables Contract Value Receivables Remaining Term Original Term Value
- ----------- -------------- ----------- --------------- ------------- --------
7.746% $86,616,264.24 4,362 35.89 months 51.93 months $19,857.01
Distribution by APR of the Floating Rate Receivables
as of the end of the Funding Period
Aggregate Percent of
Number of Contract Aggregate
APR Range Receivables Value Contract Value
----------- ------------- --------------
6.00% to 6.99% 1,146 $21,331,126.26 24.63%
7.00% to 7.99% 1,104 25,520,818.86 29.46
8.00% to 8.99% 742 18,289,583.88 21.12
9.00% to 9.99% 1,020 16,467,222.65 19.01
10.00% to 10.99% 300 4,557,030.04 5.26
11.00% to 11.99% 40 387,177.68 0.45
12.00% to 12.99% 10 63,304.87 0.07
Total 4,362 $86,616,264.04 100.00%
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Distribution of Maximum Cap on Floating Rate Receivables
as of the end of the Funding Period
Aggregate Percent of
Number of Contract Aggregate
Maximum Cap Receivables Value Contract Value
----------- ----- --------------
10.00% to 10.49% 1,957 $36,146,073.63 41.73%
10.50% to 10.99% 3 94,575.43 0.11
11.00% to 11.49% 315 13,877,476.99 16.02
11.50% to 11.99% 251 4,645,746.34 5.36
12.00% to 12.49% 995 19,507,685.24 22.52
12.50% to 12.99% 302 5,155,652.64 5.95
13.00% to 13.49% 316 4,026,967.21 4.65
13.50% to 13.99% 9 135,557.77 0.16
14.00% to 14.49% 6 77,334.12 0.09
15.50% to 15.99% 1 5,883.66 0.01
16.00% to 16.49% 2 26,882.74 0.03
No Cap 205 2,916,428.47 3.37
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Total 4,362 $86,6161,264.24 100.00%
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Distribution of Margins on Floating Rate Receivables
as of the end of the Funding Period
Aggregate Percent of
Number of Contract Aggregate
Margin Receivables Value Contract Value
----------- ------------- --------------
- -2.99% to 2.00% 130 $ 2,230,576.08 2.58%
- -1.99% to 1.00% 1,962 36,982,120.93 42.70
- -0.99% to 0.01% 286 12,663,137.88 14.62
0.00% to 0.99% 1,026 22,410,881.22 25.87
1.00% to 1.99% 821 10,392,657.58 12.00
2.00% to 2.99% 123 1,857,259.09 2.14
3.00% to 3.99% 12 52,748.72 0.06
4.00% to 4.99% 2 26,882.74 0.03
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Total 4,362 $86,616,264.24 100.00%
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Distribution by Equipment Type of the Floating Rate Receivables
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Type Receivables Value Value
- ---- ----------- --------- ----------
Agricultural
New 1,562 $33,537,738.96 38.72%
Used 2,629 49,527,721.47 57.18
Construction
New 99 2,186,244.40 2.52
Used 72 1,364,559.41 1.58
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Total 4,362 $86,616,264.24 100.00%
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Distribution by Payment Frequency of the Floating Rate Receivables
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Frequency Receivables Value Value
- --------- ----------- --------- --------
Annual 3,270 $68,202,240.01 78.74%
Semiannual 616 9,539,200.60 11.01
Quarterly 51 767,319.00 0.89
Monthly 425 8,107,504.63 9.36
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Total 4,362 $86,616,264.24 100.00%
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Distribution by Current Value of the Floating Rate Receivables
as of the end of the Funding Period
Percent of
Contract Aggregate Aggregate
Value Number of Contract Contract
Range Receivables Value Value
- --------- ----------- ---------- ----------
$ 0.01 to $ 5,000.00 907 $2,832,930.29 3.27%
5,000.01 to 10,000.00 1,028 7,454,731.47 8.60
10,000.01 to 15,000.00 609 7,430,324.81 8.58
15,000.01 to 20,000.00 357 6,197,310.59 7.15
20,000.01 to 25,000.00 268 5,978,333.32 6.90
25,000.01 to 30,000.00 208 5,690,980.29 6.57
30,000.01 to 35,000.00 201 6,483,612.84 7.49
35,000.01 to 40,000.00 150 5,608,885.43 6.48
40,000.01 to 45,000.00 148 6,285,486.27 7.26
45,000.01 to 50,000.00 112 5,302,113.99 6.12
50,000.01 to 55,000.00 78 4,063,089.44 4.69
55,000.01 to 60,000.00 63 3,618,329.55 4.18
60,000.01 to 65,000.00 36 2,244,006.90 2.59
65,000.01 to 70,000.00 43 2,891,170.96 3.34
70,000.01 to 75,000.00 32 2,310,301.37 2.67
75,000.01 to 100,000.00 89 7,670,117.15 8.85
100,000.01 to 200,000.00 30 3,743,281.15 4.32
200,000.01 to 300,000.00 2 466,496.70 0.54
300,000.01 and over 1 344.761.72 0.40
Total -------- ---------------- ------
4,362 $86,616,264.24 100.00%
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Geographic Distribution of the Floating Rate Receivables
as of the end of the Funding Period
Percent of Percent of
Aggregate Aggregate
State(1) Contract Value State Contract Value
- -------- -------------- ----- --------------
Alabama..................... 0.86% Nebraska................ 5.49%
Arizonza.................... 0.30 Nevada.................. 0.02
Arkansas.................... 6.55 New Hampshire........... 0.04
California.................. 1.17 New Jersey.............. 0.10
Colorado.................... 0.37 New Mexico.............. 0.13
Connecticut................. 0.04 New York................ 1.28
Delaware.................... 0.55 North Carolina.......... 0.88
Florida..................... 0.01 North Dakota............ 4.97
Georgia..................... 3.45 Ohio..................... 1.77
Idaho....................... 1.40 Oklahoma................. 1.78
Illinois ................... 5.87 Oregon................... 1.24
Indiana..................... 2.01 Pennsylvania............. 1.05
Iowa........................ 9.69 South Carolina........... 0.49
Kansas .................... 7.67 South Dakota ........... 6.19
Kentucky.................... 1.04 Tennessee................ 0.75
Louisiana................... 0.32 Texas.................... 6.70
Maine....................... 0.07 Utah..................... 1.15
Maryland.................... 0.52 Vermont.................. 0.05
Massachusetts............... 0.01 Virginia................. 0.17
Michigan.................... 1.57 Washington............... 1.97
Minnesota................... 11.17 West Virginia............ 0.07
Mississippi .............. 0.71 Wisconsin................ 3.86
Missouri.................... 2.44 Wyoming.................. 0.80
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Montana..................... 1.26 Total................ 100.00%
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(1) Based on billing addresses of Obligors.
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FIXED RATE RECEIVABLES
Composition of the Fixed Rate Receivables
as of the end of the Funding Period
Weighted
Average Weighted Weighted Average
APR of Aggregate Number of Average Average Contract
Receivables Contract Value Receivables Remaining Term Original Term Value
- ----------- --------------- ----------- -------------- ------------- --------
8.734% $735,718,639.36 24,044 46.25 months 50.21 months $30,598.85
Distribution by APR of the Fixed Rate Receivables
as of the end of the Funding Period
Aggregate Percent of
Number of Contract Aggregate
APR Range Receivables Value Contract Value
----------- ------------- --------------
3.00% to 3.99% 617 $ 9,295,039.32 1.26%
4.00% to 4.99% 142 11,632,963.55 1.58
5.00% to 5.99% 872 36,540,601.48 4.97
6.00% to 6.99% 946 20,450,250.71 2.78
7.00% to 7.99% 4,289 104,762,172.54 14.24
8.00% to 8.99% 4,349 199,243,004.07 27.08
9.00% to 9.99% 4,019 195,504,741.59 26.57
10.00% to 10.99% 6,839 120,086,027.09 16.32
11.00% to 11.99% 1,235 21,985,839.09 2.99
12.00% to 12.99% 367 9,467,787.74 1.29
13.00% to 13.99% 251 4,236,082.87 0.58
14.00% to 14.99% 101 2,126,910.90 0.29
15.00% to 15.99% 11 126,083.15 0.02
16.00% to 16.99% 2 185,792.22 0.03
17.00% to 17.99% 4 75,343.05 0.01
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Total 24,044 $735,718,639.36 100.00%
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Distribution by Equipment Type of the Fixed Rate Receivables
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Type Receivables Value Value
- ---- ----------- -------- -----------
Agricultural
New 7,017 $199,385,121.72 27.10%
Used 9,416 262,973,579.46 35.74
Construction
New 4,710 187,953,476.25 25.55
Used 2,901 85,406,461.92 11.61
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Total 24,044 $735,718,639.36 100.00%
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Distribution by Payment Frequency of the Fixed Rate Receivables
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Frequency Receivables Value Value
- --------- ----------- --------- --------
Annual 12,764 $392,384,030.68 53.33%
Semiannual 10,103 307,660,701.26 41.82
Quarterly 184 4,370,649.16 0.59
Monthly 993 31,303,258.25 4.25
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Total 24,044 $735,718,639.36 100.00%
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Distribution by Current Value of the Fixed Rate Receivable
as of the end of the Funding Period
Percent of
Contract Aggregate Aggregate
Value Number of Contract Contract
Range Receivables Value Value
-------- ------------ ---------- ----------
$ 0.01 to $ 5,000.00 2,756 $ 9,153,220.31 1.24%
5,000.01 to 10,000.00 4,417 32,344,875.96 4.40
10,000.01 to 15,000.00 3,407 41,895,548.00 5.69
15,000.01 to 20,000.00 2,394 41,475,640.23 5.64
20,000.01 to 25,000.00 1,596 35,543,488.01 4.83
25,000.01 to 30,000.00 1,143 31,408,429.50 4.27
30,000.01 to 35,000.00 1,030 33,391,305.75 4.54
35,000.01 to 40,000.00 987 37,046,001.21 5.04
40,000.01 to 45,000.00 858 36,368,747.29 4.94
45,000.01 to 50,000.00 772 36,598,147.84 4.97
50,000.01 to 55,000.00 728 38,176,519.17 5.19
55,000.01 to 60,000.00 566 32,498,394.36 4.42
60,000.01 to 65,000.00 465 28,964,969.95 3.94
65,000.01 to 70,000.00 376 25,270,405.83 3.43
70,000.01 to 75,000.00 331 23,958,840.52 3.26
75,000.01 to 100,000.00 1,127 97,159,359.59 13.21
100,000.01 to 200,000.00 985 124,330,351.03 6.90
200,000.01 to 300,000.00 71 17,101,587.13 2.32
300,000.01 and over 35 13 ,032,803.68 1.77
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Total 24,044 $735,718,639.36 100.00%
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Geographic Distribution of the Fixed Rate Receivables
as of the end of the Funding Period
Percent of Percent of
Aggregate Aggregate
State(1) Contract Value State Contract Value
Alabama................... 3.10% Nebraska................. 3.55%
Alaska.................... 0.21 Nevada................... 0.49
Arizonza.................. 1.86 New Hampshire............ 0.25
Arkansas.................. 5.35 New Jersey............... 0.62
California................ 2.78 New Mexico............... 0.40
Colorado.................. 1.69 New York................. 1.99
Connecticut............... 0.34 North Carolina........... 2.13
Delaware.................. 0.31 North Dakota............. 1.87
Florida................... 1.57 Ohio..................... 2.69
Georgia................... 2.86 Oklahoma................. 1.58
Hawaii.................... 0.04 Oregon................... 1.41
Idaho..................... 1.71 Pennsylvania............. 1.93
Illinois ................. 6.44 Rhode Island............. 0.01
Indiana................... 2.88 South Carolina........... 0.94
Iowa...................... 6.26 South Dakota ............ 2.83
Kansas .................. 2.60 Tennessee................. 2.44
Kentucky.................. 1.59 Texas..................... 7.26
Louisiana................. 1.72 Utah...................... 0.71
Maine..................... 0.40 Vermont................... 0.20
Maryland.................. 0.86 Virginia.................. 1.06
Massachusetts............. 0.26 Washington................ 1.78
Michigan.................. 2.37 Washington D.C............ 0.00
Minnesota................. 4.28 West Virginia............. 0.30
Mississippi ............. 3.88 Wisconsin................. 2.64
Missouri................... 3.80 Wyoming................... 0.34
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Montana.................... 1.40 Total.................. 100.00%
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(1) Based on billing addresses of Obligors.
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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.
CASE RECEIVABLES II INC.
(Registrant)
Dated: December 17, 1997 By: /s/ Peter Hong
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Peter Hong
Treasurer
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