-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LitO4yO7y4OiFScu0oO2VCtt965+CF129zFStUElHq+ovRimhpE0JP8gzwK5x78K KrsXwT1ZxRY9NBM437cNZg== 0000893220-99-001107.txt : 19991227 0000893220-99-001107.hdr.sgml : 19991227 ACCESSION NUMBER: 0000893220-99-001107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19990927 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA REVOLVING HOME EQUITY LOAN TRUST 1999 B CENTRAL INDEX KEY: 0001095226 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 880360305 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-75295-02 FILM NUMBER: 99718094 BUSINESS ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 2156574000 MAIL ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA CONDUIT RECEIVABLES INC CENTRAL INDEX KEY: 0001082751 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 880360305 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-75295 FILM NUMBER: 99718095 BUSINESS ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196741800 MAIL ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROD CITY: SAN DIEGO STATE: CA ZIP: 92127 8-K 1 ADVANTA REVOLVING HOME EQUITY LOAN TRUST 1999-B 1 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) September 27, 1999 Advanta Conduit Receivables, Inc., as Sponsor on behalf of Advanta Revolving Home Equity Loan Trust 1999-B (Exact name of registrant as specified in its charter)
Nevada 333-75295 88-0360305 (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification Incorporation) No.)
Advanta Conduit Receivables, Inc. (Exact name of registrant as specified in its charter)
Nevada 333-77927 88-0360305 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) ID Number) Attention: General Counsel 10790 Rancho Bernardo Road San Diego, California 92127 (Address of principal executive (Zip Code) offices) Registrant's Telephone Number, including area code: (619) 674-1800
(Former name or former address, if changed since last report) 2 Item 5. Other Events Incorporation of Certain Documents by Reference The consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 1998 and December 31, 1997, and for each of the years in the three-year period ended December 31, 1998, prepared in accordance with generally accepted accounting principles, included in the Annual Report on Form 10-K of Ambac Financial Group, Inc. (which was filed with the Securities and Exchange Commission on March 30, 1999; Commission File Number 1-10777) and the unaudited consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of June 30, 1999, and for the periods ended June 30, 1999 and June 30, 1998, included in the Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended June 30, 1999 (which was filed with the Securities and Exchange Commission on August 13, 1999) are hereby incorporated by reference in (i) this Current Report on Form 8-K; (ii) the registration statement (No. 333-75295) of the registrant; and (iii) the prospectus supplement, and shall be deemed to be part hereof and thereof. Consents In connection with the issuance of the Advanta Revolving Home Equity Loan Asset Backed Notes, Series 1999-B (the "Notes"), the registrant is filing herewith the consents of KPMG LLP ("KPMG") and Arthur Andersen LLP to the use of their names and the incorporation by reference of their reports in the prospectus supplement relating to the issuance of the Notes. The consents of KPMG and AA are attached hereto as Exhibits 23.1 and 23.2. In connection with the issuance of the Notes, the registrant is filing herewith the consent of Arthur Andersen LLP ("Arthur Andersen") to the use of their name and the inclusion of their report in the prospectus supplement relating to the issuance of the Notes. The consent of Arthur Andersen is attached hereto as Exhibit 23.2 Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Not applicable. (b) Not applicable. (c) Exhibits:
Exhibit No. Description ----------- ----------- 23.1 Consent of KPMG LLP 23.2 Consent of Arthur Andersen LLP
2 3 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. ADVANTA REVOLVING HOME EQUITY LOAN TRUST 1999-B By: Advanta Conduit Receivables, Inc. By: /s/ Michael Coco ------------------------------------- Name: Michael Coco Title: Vice President ADVANTA CONDUIT RECEIVABLES, INC. By: /s/ Michael Coco ------------------------------------- Name: Michael Coco Title: Vice President Dated: September 27, 1999 3 4 EXHIBIT INDEX
Exhibit No. Description - ----------- ----------- 23.1 Consent of KPMG LLP 23.2 Consent of Arthur Andersen LLP
4 EX-23.1 2 CONSENT OF KPMG LLP 1 EXHIBIT 23.1 INDEPENDENT AUDITORS' CONSENT The Board of Directors Ambac Assurance Corporation: We consent to the incorporation by reference in the registration statement (No. 333-75295) of Advanta Conduit Receivables, Inc. (the "Registrant") relating to the Advanta Revolving Home Equity Trust 1999-B and in the Prospectus Supplement of the Registrant (the "Prospectus Supplement") via the Form 8-K of the Registrant dated September 27, 1999, of our report dated January 27, 1999 on the consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 1998 and 1997, and for each of the years in the three-year period ended December 31, 1998 which report appears in the Form 10-K of Ambac Financial Group, Inc., which was filed with the Securities and Exchange Commission on March 30, 1999 and to the reference to our firm under the heading "Experts" in the Prospectus Supplement. /s/ KPMG LLP New York, New York September 27, 1999 EX-23.2 3 CONSENT OF ARTHUR ANDERSEN LLP 1 EXHIBIT 23.2 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the use of our report (and to all references to our Firm) included in or made a part of this Prospectus Supplement for Advanta Revolving Home Equity Loan Trust 1999-B and in Exhibit A to this Prospectus Supplement. /s/ Arthur Andersen LLP Philadelphia, Pennsylvania September 21, 1999 -----END PRIVACY-ENHANCED MESSAGE-----