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UNITED STATES
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): May 14, 2014

 

Hyundai Auto Receivables Trust 2014-B

(Issuing Entity)

 

Hyundai ABS Funding Corporation

(Depositor)

 

Hyundai Capital America
(Sponsor)

 

(Exact name of Issuing Entity, Depositor/Registrant and Sponsor as specified in their respective charters)

 

Delaware		333-185213 333-185213-05		33-0978453
(State or Other Jurisdiction of Incorporation)		(Commission File Number for Registrant and Issuing Entity, respectively)		(Registrant’s IRS Employer Identification No.)

 

3161 MICHELSON DRIVE, SUITE 1900 IRVINE, CALIFORNIA		92612
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code:  (949) 732-2697

Not Applicable

(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 (see General Instruction A.2. below):

 

¨

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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

In connection with the issuance and sale of the Class A-1, Class A-2, Class A-3, Class A-4, Class B, Class C and Class D Notes (the “Notes) with an aggregate principal balance of $1,325,330,000 described in the Final Prospectus Supplement dated May 7, 2014, the Registrant is filing the following documents, each of which is dated as of May 14, 2014 (the “Closing Date”):

 

1. Receivables Purchase Agreement, between Hyundai ABS Funding Corporation (“HAFC”) and Hyundai Capital America (“HCA”), pursuant to which HCA transferred to Hyundai ABS Funding Corporation (“HAFC”) certain retail installment sales contracts relating to certain new and used automobiles, light-duty trucks and minivans (the “Receivables”) and related property.

 

2. Amended and Restated Trust Agreement, by and among HAFC, Wilmington Trust, National Association (the “Owner Trustee”) and HCA which amended and restated the Trust Agreement, dated as of February 20, 2014, pursuant to which the Trust was created.

 

3. Sale and Servicing Agreement, by and among the Trust, HAFC, as depositor, HCA, as seller and servicer and Citibank, N.A. (the “Indenture Trustee”), pursuant to which the Receivables and related property were transferred to the Trust.

 

4. Indenture, by and between the Trust and the Indenture Trustee, pursuant to which the Notes were issued.

 

5. Owner Trust Administration Agreement, by and among the Trust, HCA, as administrator and the Indenture Trustee, relating to the provision by HCA of certain services relating to the Notes.

 

The Notes have been registered pursuant to the Securities Act of 1933, as amended, under a Registration Statement on Form S-3 (Commission File No. 333-185213).

 

Attached as Exhibit 4.1 is the Amended and Restated Trust Agreement, as Exhibit 4.2 is the Indenture, as Exhibit 10.1 is the Receivables Purchase Agreement, as Exhibit 10.2 is the Sale and Servicing Agreement, and as Exhibit 10.3 is the Owner Trust Administration Agreement.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

 

(a) Not applicable.

 

(b) Not applicable.

 

(c) Not applicable.

 

(d) Exhibits

 

The exhibit number corresponds with Item 601(a) of Regulation S-K.

 

 

Exhibit No.		Description
Exhibit 4.1		Amended and Restated Trust Agreement, dated as of the Closing Date, by and between HAFC, as depositor, the Owner Trustee and HCA, as administrator.
Exhibit 4.2		Indenture, dated as of the Closing Date, by and between the Trust, as issuer, and the Indenture Trustee.
Exhibit 10.1		Receivables Purchase Agreement, dated as of the Closing Date, by and between HCA, as seller and HAFC, as depositor.
Exhibit 10.2		Sale and Servicing Agreement, dated as of the Closing Date, by and among the Trust, as issuer, HAFC, as depositor, HCA, as seller and servicer and the Indenture Trustee.
Exhibit 10.3		Owner Trust Administration Agreement, dated as of the Closing Date, by and among the Trust, as issuer, HCA, as administrator and the Indenture Trustee.

  

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	HYUNDAI ABS FUNDING CORPORATION
	By:	/s/ Min Sok Randy Park
	Name:	Min Sok Randy Park
	Title:	President and Secretary

  

 

EXHIBIT INDEX

 

Item 601(a) of Regulation S-K

 

Exhibit No.		Description
Exhibit 4.1		Amended and Restated Trust Agreement, dated as of the Closing Date, by and between HAFC, as depositor, the Owner Trustee and HCA, as administrator.
Exhibit 4.2		Indenture, dated as of the Closing Date, by and between the Trust, as issuer, and the Indenture Trustee.
Exhibit 10.1		Receivables Purchase Agreement, dated as of the Closing Date, by and between HCA, as seller and HAFC, as depositor.
Exhibit 10.2		Sale and Servicing Agreement, dated as of the Closing Date, by and among the Trust, as issuer, HAFC, as depositor, HCA, as seller and servicer and the Indenture Trustee.
Exhibit 10.3		Owner Trust Administration Agreement, dated as of the Closing Date, by and among the Trust, as issuer, HCA, as administrator and the Indenture Trustee.