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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) January 13, 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 12, 1996, 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 1996-B upon completion of the Funding Period. Following below is such
information:
Composition of the Receivables Pool
as of the end of the Funding Period
Weighted Weighted Weighted
Average Average Average Average
APR of Aggregate Number of Remaining Original Contract
Receivables Contract Value Receivables Term Term Value
- ----------- -------------- ----------- --------- --------- --------
8.67% $802,217,549 31,138 43.30 months 46.90 months $25,763
Distribution by APR of the Receivables Pool
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
APR Range Receivables Value Value
- --------- ----------- ---------- ---------
3.00% to 3.99%..................... 1,077 $ 14,445,408 1.80%
4.00% to 4.99%..................... 1,619 33,528,644 4.18
5.00% to 5.99%..................... 883 21,801,927 2.72
6.00% to 6.99%..................... 929 13,616,219 1.70
7.00% to 7.99%..................... 9,901 255,550,691 31.85
8.00% to 8.99%..................... 2,817 129,250,314 16.11
9.00% to 9.99%..................... 3,874 157,184,681 19.59
10.00% to 10.99%.................... 8,243 157,120,393 19.59
11.00% to 11.99%.................... 1,246 13,739,399 1.71
12.00% to 12.99%.................... 352 3,371,460 0.42
13.00% to 13.99%.................... 181 2,082,790 0.26
14.00% to 15.00%.................... 16 525,623 0.07
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Total ........................ 31,138 $802,217,549 100.00%
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Distribution by Equipment Type of the Receivables Pool
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Type Receivables Value Value
- ---- ----------- --------- ----------
Agricultural
New ........................ 9,985 $ 225,248,892 28.08%
Used ........................ 12,742 330,131,444 41.15
Construction
New ........................ 5,577 176,183,470 21.96
Used ........................ 2,834 70,653,743 8.81
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Total................... 31,138 $802,217,549 100.00%
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Distribution by Payment Frequency of the Receivables Pool
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Frequency Receivables Value Value
- --------- ------------ --------- ----------
Annual(1) ........................ 17,207 $468,558,085 58.41%
Semiannual ........................ 1,367 36,720,083 4.58
Quarterly ........................ 232 4,566,063 0.57
Monthly ........................ 12,332 292,373,318 36.44
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Total ........................ 31,138 $802,217,549 100.00%
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(1) Approximately 6.16%, 8.24%, 7.47%, 7.74%, 6.45%, 7.58%, 19.64%, 11.21%,
10.63% and 8.00% of the annual Receivables have scheduled payments within
the Collection Periods relating to the Payment Dates in January, April,
May, June, July, August, September, October, November and December,
respectively.
Distribution by Current Value of the Receivables Pool
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.......... 4,358 $ 13,593,115 1.69%
5,000.01 to 10,000.00.......... 6,428 47,542,082 5.93
10,000.01 to 15,000.00.......... 4,879 60,298,726 7.52
15,000.01 to 20,000.00.......... 3,220 55,702,063 6.94
20,000.01 to 25,000.00.......... 1,887 42,072,007 5.24
25,000.01 to 30,000.00.......... 1,499 41,134,445 5.13
30,000.01 to 35,000.00.......... 1,246 40,452,472 5.04
35,000.01 to 40,000.00.......... 1,142 42,880,473 5.35
40,000.01 to 45,000.00.......... 1,069 45,335,063 5.65
45,000.01 to 50,000.00.......... 920 43,584,369 5.43
50,000.01 to 55,000.00.......... 720 37,666,248 4.70
55,000.01 to 60,000.00.......... 632 36,277,959 4.52
60,000.01 to 65,000.00.......... 506 31,536,779 3.93
65,000.01 to 70,000.00.......... 387 26,154,421 3.26
70,000.01 to 75,000.00.......... 350 25,384,685 3.16
75,000.01 to 80,000.00.......... 982 84,039,656 10.48
100,000.01 to 200,000.00........... 829 104,045,698 12.97
200,000.01 to 300,000.00........... 60 14,335,169 1.79
300,000.01 and over................ 24 10,182,119 1.27
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Total ........................ 31,138 $802,217,549 100.00%
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Geographic Distribution of the Receivables Pool
as of the end of the Funding Period
Percent of Percent of
Aggregate Aggregate
State(1) Contract Value State Contract Value
- -------- -------------- ----- --------------
Alabama................. 1.17% Nebraska................ 3.44%
Alaska.................. 0.17 Nevada.................. 0.63
Arizona................. 1.72 New Hampshire........... 0.30
Arkansas................ 5.66 New Jersey.............. 0.99
California.............. 2.83 New Mexico.............. 0.40
Colorado................ 1.53 New York................ 2.53
Connecticut............. 0.39 North Carolina.......... 2.00
Delaware................ 0.38 North Dakota............ 2.30
District of Columbia.... 0.00 Ohio.................... 2.81
Florida................. 1.64 Oklahoma................ 1.31
Georgia................. 2.94 Oregon.................. 1.38
Hawaii.................. 0.05 Pennsylvania............ 2.40
Idaho................... 2.02 Rhode Island............ 0.01
Illinois................ 6.35 South Carolina.......... 0.79
Indiana................. 3.42 South Dakota............ 3.14
Iowa.................... 6.19 Tennessee............... 2.66
Kansas.................. 2.57 Texas................... 6.19
Kentucky................ 1.59 Utah.................... 0.95
Louisiana............... 1.43 Vermont................. 0.22
Maine................... 0.37 Virginia................ 1.24
Maryland................ 1.09 Washington.............. 2.13
Massachusetts........... 0.37 West Virginia........... 0.28
Michigan................ 2.70 Wisconsin............... 2.19
Minnesota............... 4.37 Wyoming................. 0.30
Mississippi............. 2.25 Total.............. 100.00%
Missouri................ 4.87 =======
Montana .............. 1.34
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(1) Based on billing addresses of Obligors.
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: February 4, 1997 By: /s/ Robert A. Wegner
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Robert A. Wegner
Vice President
