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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) September 9, 1998
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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 August 18, 1998, issued under
Registration Statement No. 33-52493, 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 Receivables Trust 1998-B upon completion of the Funding Period.
Following below is such information:
Composition of the Receivables
as of the end of the Funding Period
Weighted Weighted Weighted
Average Aggregate Number Average Average Average
APR of Contract 0f Remaining Original Contract
Receivables Value Receivables Term Term Value
- ----------- ---------- ----------- --------- ---------- ---------
8.694% $611,156,178.44 20,422 45.07 months 49.62 months $29,926.36
Distribution by APR of the Receivables
as of the end of the Funding Period
Aggregate Percent of
Number of Contract Aggregate
APR Range Receivables Value Contract Value
- --------- ------------ --------- ---------------
3.120% to 3.999% 813 14,375,257.03 2.35%
4.000% to 4.999% 334 26,794,085.73 4.38%
5.000% to 5.999% 677 21,911,928.13 3.59%
6.000% to 6.999% 3,722 76,643,475.45 12.54%
7.000% to 7.999% 2,968 99,453,351.88 16.27%
8.000% to 8.999% 1,839 111,265,263.73 18.21%
9.000% to 9.999% 2,644 112,297,905.57 18.37%
10.000% to 10.999% 5,620 104,321,337.48 17.07%
11.000% to 11.999% 909 19,635,762.70 3.21%
12.000% to 12.999% 404 9,688,318.84 1.59%
13.000% to 13.999% 184 4,051,688.12 0.66%
14.000% to 14.999% 62 2,032,956.99 0.33%
15.000% to 15.999% 44 1,746,425.92 0.29%
16.000% to 16.999% 52 2,258,589.53 0.37%
17.000% to 17.999% 149 4,671,127.19 0.76%
18.000% to 18.000% 1 8,704.15 0.00%
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Total 20,422 611,156,178.44 100.00%
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Distribution by Equipment Type of the Receivables
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Type Receivables Value Value
- ---- ----------- ---------- ----------
Agricultural
New 6,096 $153,440,494.78 25.11%
Used 6,513 145,696,961.45 23.84
Construction
New 4,522 201,247,523.68 32.93
Used 3,291 110,771,198.53 18.12
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Total 20,422 $611,156,178.44 100.00%
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Distribution by Payment Frequency of the Receivables
as of the end of the Funding Period
Percent of
Aggregate Aggregate
Number of Contract Contract
Frequency Receivables Value Value
- --------- ----------- --------- ----------
Monthly 10,888 $356,305,004.48 58.30%
Quarterly 193 5,458,585.26 0.89
Semiannual 751 23,875,830.98 3.91
Annual 8,590 225,516,757.72 36.90
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Total 20,422 $611,156,178.44 100.00%
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Distribution by Current Value of the Receivables
as of the end of the Funding Period
Percent of
Contract Aggregate Aggregate
Value Number of Contract Contract
Range Receivables Value Value
--------- ----------- --------- ----------
$ 218.18 - 4,999.99 2,412 $ 7,922,445.69 1.30%
5,000.00 - 9,999.99 3,725 27,278,877.61 4.46
10,000.00 - 14,999.99 3,052 37,644,566.05 6.16
15,000.00 - 19,999.99 2,121 36,720,559.40 6.01
20,000.00 - 24,999.99 1,436 32,073,397.02 5.25
25,000.00 - 29,999.99 1,195 32,743,677.84 5.36
30,000.00 - 34,999.99 947 30,651,936.25 5.02
35,000.00 - 39,999.99 821 30,697,443.39 5.05
40,000.00 - 44,999.99 669 28,404,206.13 4.65
45,000.00 - 49,999.99 558 26,494,548.60 4.34
50,000.00 - 54,999.99 506 26,497,594.58 4.34
55,000.00 - 59,999.99 406 23,324,867.98 3.82
60,000.00 - 64,999.99 350 21,813,424.67 3.57
65,000.00 - 69,999.99 265 17,842,346.10 2.92
70,000.00 - 74,999.99 267 19,350,880.99 3.17
75,000.00 - 99,999.99 739 63,515,971.06 10.39
100,000.00 - 199,999.99 826 108,708,165.71 17.79
200,000.00 - 299,999.99 73 17,237,432.42 2.82
300,000.00 - 499,999.99 45 16,777,920.88 2.75
500,000.00 - 699,999.99 7 3,970,749.73 0.65
700,000.00 - 899,999.99 2 1,485,166.34 0.24
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Total 20,422 $611,156,178.44 100.00%
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Geographic Distribution of the Receivables
as of the end of the Funding Period
Percent of Percent of
Aggregate Aggregate
State(1) Contract Value State Contract Value
- -------- -------------- ----- --------------
Alabama.............. 3.26% Nebraska................ 2.22%
Alaska............... 0.16 Nevada.................. 0.82
Arizona.............. 1.79 New Hampshire........... 0.22
Arkansas............. 4.15 New Jersey.............. 0.75
California........... 3.67 New Mexico.............. 0.45
Colorado............. 2.29 New York................ 2.13
Connecticut.......... 0.35 North Carolina.......... 2.01
Delaware............. 0.27 North Dakota............ 1.28
DC................... 0.00 Ohio.................... 2.63
Florida.............. 2.65 Oklahoma................ 2.42
Georgia.............. 4.60 Oregon.................. 1.58
Hawaii............... 0.09 Pennsylvania............ 2.37
Idaho................ 1.52 Rhode Island............ 0.01
Illinois ............ 4.03 South Carolina.......... 1.43
Indiana.............. 2.42 South Dakota .......... 2.25
Iowa................. 3.74 Tennessee............... 2.47
Kansas ............. 3.31 Texas................... 8.99
Kentucky............. 1.30 Utah.................... 0.99
Louisiana............ 2.64 Vermont................. 0.37
Maine................ 0.45 Virginia................ 1.21
Maryland............. 0.95 Washington.............. 2.32
Massachusetts........ 0.32 West Virginia........... 0.26
Michigan............. 2.48 Wisconsin............... 2.70
Minnesota............ 3.43 Wyoming................. 0.46
Mississippi ....... 3.94 ----
Missouri............. 2.80
Montana.............. 1.05 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: September 24, 1998 By: /s/ Peter Hong
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Peter Hong
Treasurer
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