Attached files
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): April 21, 2010
BMW VEHICLE OWNER TRUST 2010-A (Exact name of Issuing Entity as specified in its charter)
| |||
BMW FS SECURITIES LLC (Exact name of Depositor as specified in its charter)
| |||
BMW FINANCIAL SERVICES NA, LLC (Exact name of Sponsor as specified in its charter)
| |||
Delaware | | | |
(State or Other Jurisdiction of Incorporation) | (Commission | (I.R.S. Employer Identification No.) | |
|
|
| |
300 Chestnut Ridge Road | |||
(Address of Principal Executive Offices) | |||
|
|
| |
Registrants telephone number, including area code (201) 307-4000 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On or about April 21, 2010, BMW FS Securities LLC transferred certain motor vehicle retail installment sales contracts (the Receivables) to BMW Vehicle Owner Trust 2010-A (the Trust). The Trust granted a security interest in the Receivables to Citibank, N.A., and issued: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $179,200,000; (ii) Class A-2 Asset-Backed Notes in the aggregate original principal amount of $239,000,000; (iii) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $254,000,000; and (iv) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $77,800,000 (collectively, the Notes). This Current Report on Form 8-K is being filed to file a copy of the Indenture, Underwriting Agreement, Amended and Restated Trust Agreement, Owner Trust Administration Agreement, Sale and Servicing Agreement and Receivables Purchase Agreement (as listed below) executed in connection with the issuance of the Notes.
Item 9.01. Financial Statements and Exhibits
(a)
Not applicable.
(b)
Not applicable.
(c)
Not applicable.
(d)
Exhibits:
1.1 Underwriting Agreement dated April 15, 2010 among BMW Financial Services NA, LLC (BMW FS), Banc of America Securities LLC and BMW FS Securities LLC (the Depositor).
4.1 Indenture dated as of March 1, 2010, between the Trust and Citibank, N.A., as indenture trustee (the Indenture Trustee).
10.1 Amended and Restated Trust Agreement, dated as of April 21, 2010, between the Depositor and Wilmington Trust Company, as owner trustee.
10.2 Owner Trust Administration Agreement, dated as of March 1, 2010, among BMW FS, as administrator, the Trust and the Indenture Trustee.
10.3 Sale and Servicing Agreement, dated as of March 1, 2010, among the Depositor, BMW FS, as seller, sponsor, servicer, administrator and custodian, the Trust and the Indenture Trustee.
10.4 Receivables Purchase Agreement, dated as of March 1, 2010, between the Depositor and BMW FS.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
BMW VEHICLE OWNER TRUST 2010-A By: BMW Financial Services NA, LLC, as Administrator By: /s/ Joachim Herr Name: Joachim Herr Title: Treasurer By: /s/ Martin Stremplat Name: Martin Stremplat Title: Vice President Finance & CFO |
|
BMW FS SECURITIES LLC
By: BMW Financial Services NA, LLC,
as Managing Member
By: /s/ Joachim Herr
Name: Joachim Herr
Title: Treasurer
By: /s/ Martin Stremplat
Name: Martin Stremplat
Title: Vice President Finance & CFO
Dated: April 21, 2010