-----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, DjM1l9jx/e5ap/cUSdPkqq2Ed9GKnEitt40jsgPEDdbfAWsqgED9f0C5dydxKaUG 0oeSGqr02FUepEBrFvy3CQ== 0000905148-02-000422.txt : 20020414 0000905148-02-000422.hdr.sgml : 20020414 ACCESSION NUMBER: 0000905148-02-000422 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020219 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLAYTON HOMES INC CENTRAL INDEX KEY: 0000719547 STANDARD INDUSTRIAL CLASSIFICATION: MOBILE HOMES [2451] IRS NUMBER: 621671360 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08824 FILM NUMBER: 02553376 BUSINESS ADDRESS: STREET 1: 5000 CLAYTON ROAD CITY: MARYVILLE STATE: TN ZIP: 37804 BUSINESS PHONE: 8653803000 MAIL ADDRESS: STREET 1: 5000 CLAYTON ROAD CITY: MARYVILLE STATE: TN ZIP: 37804 8-K 1 efc2-0173_5147411fm8k.txt CLAYTON --------------------------------------------------------------------- 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): February 19, 2002 VANDERBILT MORTGAGE AND FINANCE, INC. (as seller and servicer under the Pooling and Servicing Agreement, dated as of January 25, 2001, providing for the issuance of the Vanderbilt Mortgage and Finance, Inc., Manufactured Housing Contract Senior/ Subordinate Pass-Through Certificates, Series 2002-A). CLAYTON HOMES, INC. VANDERBILT ABS CORP. VANDERBILT MORTGAGE AND FINANCE, INC. -------------------------------------------------------- (Exact name of registrant as specified in its charter) Clayton Homes, Inc. - Del. Vanderbilt ABS Corp. - Del. Vanderbilt - Tennessee 333-57532 62-0997810 - ------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 500 Alcoa Trail Maryville, Tennessee 37804 - -------------------- ---------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (865) 380-3000 - ---------------------------------------------------------------------- Former Address: - ---------------------------------------------------------------------- Item 5. Other Events ------------ Filing of Computational Materials. - --------------------------------- In connection with the offering of the Vanderbilt Mortgage and Finance, Inc. ("Vanderbilt") Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-A, Bear, Stearns & Co. Inc., and Credit Suisse First Boston Corporation as the underwriters of the Certificates (the "Underwriters") have provided certain materials (the "Computational Materials") for distribution to potential investors. Although the Company provided the Underwriters with certain information regarding the characteristics of the Contracts in the related portfolio, it did not participate in the preparation of the Computational Materials. For purposes of this Form 8-K, Computational Materials shall mean computer generated tables and/or charts displaying, with respect to any Class or Classes of Certificates, any of the following: yield; average life; duration; expected maturity; interest rate sensitivity; loss sensitivity; cash flow characteristics; background information regarding the Contracts; the proposed structure; decrement tables; or similar information (tabular or otherwise) of a statistical, mathematical, tabular or computational nature. The Computational Materials provided by Bear, Stearns & Co. Inc. and Credit Suisse First Boston Corporation are attached hereto as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. ------------------------------------------------------------------ (c) Exhibits: 99.1 Computational Materials - Bear, Stearns & Co. Inc. and Credit Suisse First Boston Corporation. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. VANDERBILT MORTGAGE AND FINANCE, INC. By /s/ David Jordan ------------------------ Name: David Jordan Title: Secretary VANDERBILT ABS CORP. By /s/ David Jordan ----------------------- Name: David Jordan Title: Secretary CLAYTON HOMES, INC. By /s/ Amber Krupacs ----------------------- Name: Amber Krupacs Title: Vice President Dated: February 19, 2002 Exhibit Index ------------- Exhibit - ------- 99.1 Computational Materials - Bear, Stearns & Co. Inc. and Credit Suisse First Boston Corporation. EX-99.1 3 efc2-0173_ex991.txt COMPUTATIONAL MATERIAL Exhibit 99.1
February 14, 2002 Bear, Stearns & Co. Inc. 04:40PM EST rportnoy Page 1 of 1 RON-VN204 Sensitivity Settle Date: 2/26/2002 Curve Date: 2/14/2002 Tranche: A2 (A2) - ---------------------------------------------------------------------------------------------------------------------------------- 175.00% MHP 200.00% MHP 225.00% MHP 250.00% MHP 275.00% MHP 10% 10% 10% 10% 10% 3.63 3.29 3.00 2.76 2.56 Price 29 26 24 22 21 7/7/2004 4/7/2004 2/7/2004 12/7/2003 11/7/2003 61 55 51 46 43 3/7/2007 9/7/2006 5/7/2006 12/7/2005 9/7/2005 33 30 28 25 23 - ---------------------------------------------------------------------------------------------------------------------------------- 4.80 4.80 4.80 4.80 4.79 99.973940 3.24 2.96 2.72 2.52 2.34 - ---------------------------------------------------------------------------------------------------------------------------------- 175.00% MHP 200.00% MHP 225.00% MHP 250.00% MHP 275.00% MHP PREPAY 0% 0% 0% 0% 0% CALL 3.63 3.29 3.00 2.76 2.56 Avg. Life Price 29 26 24 22 21 Prin. Start 7/7/2004 4/7/2004 2/7/2004 12/7/2003 11/7/2003 Prin. Start Date 61 55 51 46 43 Prin. End 3/7/2007 9/7/2006 5/7/2006 12/7/2005 9/7/2005 Prin. End Date 33 30 28 25 23 Prin. Window Len - ---------------------------------------------------------------------------------------------------------------------------------- 4.80 4.80 4.80 4.80 4.79 Yield 99.973940 3.24 2.96 2.72 2.52 2.34 Duration - ----------------------------------------------------------------------------------------------------------------------------------
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