0001193125-19-317202.txt : 20191218 0001193125-19-317202.hdr.sgml : 20191218 20191218130302 ACCESSION NUMBER: 0001193125-19-317202 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191218 0001645731 0000894327 ITEM INFORMATION: Other Events FILED AS OF DATE: 20191218 DATE AS OF CHANGE: 20191218 ABS ASSET CLASS: Credit card FILER: COMPANY DATA: COMPANY CONFORMED NAME: Discover Card Execution Note Trust CENTRAL INDEX KEY: 0001407200 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-141703-02 FILM NUMBER: 191291932 BUSINESS ADDRESS: STREET 1: C/O DISCOVER BANK STREET 2: 12 READS WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 BUSINESS PHONE: 3023237434 MAIL ADDRESS: STREET 1: C/O DISCOVER BANK STREET 2: 12 READS WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DISCOVER CARD MASTER TRUST I CENTRAL INDEX KEY: 0000894329 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 510020270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23108 FILM NUMBER: 191291929 BUSINESS ADDRESS: STREET 1: C/O DISCOVER BANK STREET 2: 12 READS WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 BUSINESS PHONE: 3023237434 MAIL ADDRESS: STREET 1: C/O DISCOVER BANK STREET 2: 12 READS WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DISCOVER BANK CENTRAL INDEX KEY: 0000894327 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-54804 FILM NUMBER: 191291931 BUSINESS ADDRESS: STREET 1: 12 READS WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 BUSINESS PHONE: 3023237184 MAIL ADDRESS: STREET 1: 12 READS WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 FORMER COMPANY: FORMER CONFORMED NAME: GREENWOOD TRUST CO DATE OF NAME CHANGE: 19950508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Discover Funding LLC CENTRAL INDEX KEY: 0001645731 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 474047337 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-205455 FILM NUMBER: 191291930 BUSINESS ADDRESS: STREET 1: 12 READ'S WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 BUSINESS PHONE: 303-323-7626 MAIL ADDRESS: STREET 1: 12 READ'S WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 8-K 1 d845509d8k.htm 8-K 8-K

 

 

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): December 18, 2019

 

 

 

Commission File Number:

333-141703-02;

333-167413;

333-191359;

333-205455-01;

333-228025-02

  

Commission File Number:

333-141703;

333-167413-02;

333-191359-02;

333-205455-02;

333-228025-01;

000-23108

  

Commission File Number:

333-205455;

333-228025

  

Commission File Number:

333-141703-01;

333-167413-01;

333-191359-01;

033-54804

DISCOVER CARD

EXECUTION NOTE TRUST

   DISCOVER CARD MASTER TRUST I   DISCOVER FUNDING LLC   DISCOVER BANK

(Exact name of issuing

entity in respect of the notes

as specified in charter)

  

(Exact name of issuing

entity in respect of the

Series 2007-CC Collateral

Certificate)

  

(Exact name of depositor

as specified in charter)

  

(Exact name of sponsor as

specified in charter)

Delaware   Delaware   Delaware   Delaware
(State or jurisdiction of incorporation or organization of the issuing entity)   (State or jurisdiction of incorporation or organization of the issuing entity)   (State or jurisdiction of incorporation or organization of the depositor)   (State or jurisdiction of incorporation or organization of the sponsor)

c/o Wilmington Trust Company

Rodney Square North

1100 North Market Street

Wilmington, Delaware

19890-0001

  

c/o Discover Bank

12 Read’s Way

New Castle, Delaware

19720

  

Discover Funding LLC

12 Read’s Way

New Castle, Delaware

19720

  

Discover Bank

12 Read’s Way

New Castle, Delaware

19720

(Address of principal executive offices of the issuing entity)   (Address of principal executive offices of the issuing entity)   (Address of principal executive offices of the depositor)   (Address of principal executive offices of the sponsor)

 

 

51-0020270

(IRS Employer Identification No. of the sponsor and depositor)

47-4047337

(IRS Employer Identification No. of the depositor)

(302) 323-7315

(Telephone, including area code)

Former name or former address, if changed since last report: Not Applicable

 

 

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))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item 8.01 Other Events

Increase in Principal Amount of Class D(2009-1) Notes. On December 18, 2019, Discover Bank, pursuant to Section 2.03 of the Amended and Restated Note Purchase Agreement (the “Note Purchase Agreement”), dated as of January 1, 2016, among Discover Card Execution Note Trust, as Issuer, Discover Bank, as Sponsor, Discover Funding LLC, as Transferor, and the purchasers named therein, and Section 2.06 of the Class D(2009-1) Terms Document, dated as of July 2, 2009, by and between Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee, increased the Outstanding Dollar Principal Amount of the Class D(2009-1) Notes. The increase in the Outstanding Dollar Principal Amount of the Class D(2009-1) Notes was in the amount of $46,448,088, resulting in an Outstanding Dollar Principal Amount of the Class D(2009-1) Notes of $1,606,174,865. The Class D(2009-1) Notes were sold to purchasers in reliance upon the exemption contained in Section 4(a)(2) of the Securities Act of 1933, as amended. The Notes were sold at par value for cash, with no applicable underwriting discounts or commissions. In connection with this increase, the investor interest in receivables represented by the collateral certificate issued by the Discover Card Master Trust I that secures the DiscoverSeries Notes was increased by $46,448,088. Discover Card Execution Note Trust paid the net proceeds from the issuance to Discover Funding LLC in exchange for the increase in the investor interest in receivables represented by the collateral certificate.

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 thereunto duly authorized.

Date: December 18, 2019

 

Discover Funding LLC

(as Depositor for Discover Card Master Trust I and Discover Card Execution Note Trust and as registrant under Commission File Numbers 333-205455 and

333-228025)

By:   /s/ Patricia S. Hall
  Patricia S. Hall
  Vice President, Chief Financial
  Officer and Treasurer
Discover Bank

(as registrant under Commission File Numbers 333-141703-01, 333-167413-01 and 333-191359-01)

By:   /s/ Patricia S. Hall
  Patricia S. Hall
  Vice President, Chief Financial Officer and Assistant Treasurer