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
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 23, 2011
March 23, 2011
Ford
Credit Floorplan Master Owner Trust A Series 2011-1
(Issuer of the notes)
Ford
Motor Credit Company LLC
(Exact name of Sponsor as specified in its charter)
Ford Credit Floorplan Corporation | Ford Credit Floorplan LLC | |
(Exact names of registrants as specified in their respective charters)
Delaware | Delaware | |
(State or Other Jurisdiction of Incorporation) | (State or Other Jurisdiction of Incorporation) |
333-148505 | 38-2973806 | 333-148505-01 | 38-3372243 | |||
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
c/o Ford Motor Company c/o Ford Credit SPE Management Office World Headquarters Suite 801-C1 One American Road Dearborn, Michigan |
48126 |
c/o Ford Motor Company c/o Ford Credit SPE Management Office World Headquarters Suite 801-C1 One American Road Dearborn, Michigan |
48126 |
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(Address of Principal Executive Offices) | (Zip Code) | (Address of Principal Executive Offices) | (Zip Code) |
(313) 594-3495 | (313) 594-3495 | |
(Registrants telephone number including area code) | (Registrants telephone number including area code) |
(Former name or former
address, if changed since last report)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 6.04 Failure to Make a Required Distribution
On March 23, 2011, the Servicer discovered that, due to an administrative error, the interest
paid on the March 15, 2011 Payment Date on the Issuers Series 2011-1, Class A-1, Class B, Class C
and Class D Notes was calculated using an incorrect number of days in the interest period (19 days,
rather than 21 days). As a result, the interest on the Class A-1, Class B, Class C and Class D
Notes was underpaid on the March 15, 2011 Payment Date by $44,166.67, $2,677.78, $10,875.00 and
$5,755.56, respectively. The shortfall on each Class, with interest on such shortfall at the
related Note Interest Rate from March 15, 2011 to April 15, 2011, will be paid to the related
Noteholders on the April 15, 2011 Payment Date, which will cure the interest shortfall within the
cure period provided for in the Series 2011-1 transaction documents. The Servicer is filing this
Form 8-K to provide notice to the related Noteholders of the interest shortfall, and does not
believe that the failure to make the required distribution is material because the shortfall arose
as a result of an administrative error and will be repaid, with interest, on the next Payment Date
within the cure period provided for in the Series 2011-1 transaction documents.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Servicer, on behalf
of the issuing entity, has duly caused this report to be signed by the undersigned, thereunto duly
authorized.
Ford Credit Floorplan Master Owner Trust A (Issuing entity) By: Ford Motor Credit Company LLC (Servicer) |
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By: | /s/ Daniel Gardetto | |||
Name: | Daniel Gardetto | |||
Title: | Assistant Treasurer | |||
Dated: March 28, 2011
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