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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, 1999
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CASE RECEIVABLES II INC.
(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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<PAGE>
Item 5. Other Events
In the Prospectus Supplement dated November 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-C 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
Avereage Average Average Average
APR of Aggregate Number of Remaining Original Contact
Receivables Contract Value Receivables Term Term Value
- ----------- --------------- ----------- ---------- -------- ----------
8.664% $616,056,369.64 17,359 45.17 52.83 $35,489.16
months months
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
3.163% - 3.999% 247 6,439,195.36 1.05%
4.000% - 4.999% 191 8,931,819.73 1.45%
5.000% - 5.999% 1,516 28,773,553.85 4.67%
6.000% - 6.999% 1,589 34,655,450.92 5.63%
7.000% - 7.999% 1,729 54,723,988.83 8.88%
8.000% - 8.999% 4,179 255,734,734.50 41.51%
9.000% - 9.999% 3,796 138,927,149.03 22.55%
10.000% - 10.999% 3,030 59,271,131.80 9.62%
11.000% - 11.999% 567 16,132,452.72 2.62%
12.000% - 12.999% 283 7,445,056.08 1.21%
13.000% - 13.999% 156 3,244,748.49 0.53%
14.000% - 14.999% 38 801,185.80 0.13%
15.000% - 15.999% 14 265,598.87 0.04%
16.000% - 16.999% 4 105,565.29 0.02%
17.000% - 17.999% 19 599,387.87 0.10%
18.000% - 18.000% 1 5,350.50 0.00%
------ ------------- --------
Total 17,359 616,056,369.64 100.00%
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<PAGE>
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 4,900 $172,001,314.96 27.92%
Used 7,701 248,980,836.65 40.42
Construction
New 2,536 114,401,110.07 18.57
Used 2,222 80,673,107.96 13.10
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Total 17,359 $616,056,369.64 100.00%
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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
- --------- ----------- --------- ------------
Annual 9,637 $349,678,728.00 56.76%
Monthly 6,764 232,756,486.91 37.78
Quarterly 206 6,804,285.59 1.10
Semi-Annual 752 26,816,869.14 4.35
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Total 17,359 $616,056,369.64 100.00%
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<PAGE>
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
-------- ----------- ----------- --------
$ 32.63 - 4,999.99 1,470 $ 4,865,576.68 0.79%
5,000.00 - 9,999.99 2,807 21,101,406.16 3.43
10,000.00 - 14,999.99 2,510 30,985,195.45 5.03
15,000.00 - 19,999.99 1,732 29,958,820.00 4.86
20,000.00 - 24,999.99 1,171 26,142,198.63 4.24
25,000.00 - 29,999.99 846 23,214,724.22 3.77
30,000.00 - 34,999.99 735 23,783,875.66 3.86
35,000.00 - 39,999.99 694 25,993,629.96 4.22
40,000.00 - 44,999.99 650 27,587,180.42 4.48
45,000.00 - 49,999.99 568 26,910,529.25 4.37
50,000.00 - 54,999.99 506 26,566,921.91 4.31
55,000.00 - 59,999.99 453 25,983,554.62 4.22
60,000.00 - 64,999.99 361 22,535,410.29 3.66
65,000.00 - 69,999.99 295 19,886,544.19 3.23
70,000.00 - 74,999.99 290 21,016,636.03 3.41
75,000.00 - 99,999.99 1,147 99,111,383.72 16.09
100,000.00 - 199,999.99 1,012 127,478,854.97 20.69
200,000.00 - 299,999.99 76 18,333,108.21 2.98
300,000.00 - 499,999.99 28 9,808,334.13 1.59
500,000.00 - 699,999.99 7 4,089,598.92 0.66
700,000.00 - 702,886.22 1 702,886.22 0.11
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Total 17,359 $616,056,369.64 100.00%
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<PAGE>
Geographic Distribution of the Receivables
as of the end of the Funding Period
<TABLE>
<CAPTION>
Percent of Percent of
Aggregate Aggregate
State(1) Contract Value State Contract Value
- ------- -------------- ----- --------------
<S> <C> <C> <C>
Alabama............................. 2.26% Nebraska........................... 3.84%
Alaska.............................. 0.13 Nevada............................. 0.44
Arizona........................... 1.19 New Hampshire...................... 0.11
Arkansas........................... 5.57 New Jersey......................... 0.44
California.......................... 3.48 New Mexico......................... 0.26
Colorado........................... 1.20 New York........................... 2.01
Connecticut......................... 0.30 North Carolina..................... 2.25
Delaware............................ 0.30 North Dakota....................... 1.34
Ohio............................... 2.26
Florida............................. 1.48 Oklahoma........................... 1.46
Georgia............................ 2.24 Oregon............................. 1.15
Hawaii.............................. 0.01 Pennsylvania....................... 1.57
Idaho............................... 1.65 Rhode Island....................... 0.01
Illinois ....................... 7.01 South Carolina..................... 0.99
Indiana............................. 3.64 South Dakota ..................... 1.78
Iowa................................ 7.06 Tennessee.......................... 1.97
Kansas ............................ 2.66 Texas.............................. 7.18
Kentucky............................ 1.43 Utah............................... 0.97
Louisiana........................... 3.94 Vermont............................ 0.36
Maine............................... 0.22 Virginia........................... 1.09
Maryland............................ 0.78 Washington......................... 1.63
Massachusetts....................... 0.19 West Virginia...................... 0.14
Michigan............................ 1.88 Wisconsin.......................... 2.96
Minnesota........................... 5.77 Wyoming............................ 0.34
Mississippi ...................... 3.78
Missouri............................ 4.25
Montana............................. 1.03 Total............................ 100.00%
</TABLE>
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(1) Based on billing addresses of Obligors.
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<PAGE>
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: January 22, 1999 By: /s/ Peter Hong
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Peter Hong
Treasurer
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