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): August 5, 2014
| Commission File Number: | Commission File Number: | Commission File Number: | ||
| 333-141703-02 | 000-23108 | 033-54804 | ||
| DISCOVER CARD EXECUTION NOTE TRUST |
DISCOVER CARD MASTER TRUST I |
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 sponsor and depositor as specified in charter) | ||
| 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 issuing entity) | ||
| 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 |
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 issuing entity) | ||
51-0020270
(IRS Employer Identification No. of the sponsor and 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)) |
| Item 8.01. | Other Events |
Issuance of Class A(2014-4) Notes. On August 5, 2014, Discover Card Execution Note Trust issued $1,200,000,000 principal amount of DiscoverSeries Class A(2014-4) Notes pursuant to the Indenture, dated as of July 26, 2007, as amended by the First Amendment to Indenture, dated as of June 4, 2010, and as supplemented by the Amended and Restated Indenture Supplement, dated as of June 4, 2010, each between Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association as Indenture Trustee, and the Class A(2014-4) Terms Document, dated as of August 5, 2014, between Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association as Indenture Trustee.
Increase in Principal Amount of Class D(2009-1) Notes. On August 5, 2014, Discover Bank, pursuant to Section 2.03 of the Note Purchase Agreement (the “Note Purchase Agreement”), dated as of July 2, 2009, among Discover Card Execution Note Trust, as Issuer, Discover Bank, as Depositor, 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 $163,636,363, resulting in an Outstanding Dollar Principal Amount of the Class D(2009-1) Notes of $2,535,000,000. 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 $163,636,363. Discover Card Execution Note Trust paid the net proceeds from the issuance to Discover Bank 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.
| Discover Bank (as Depositor for Discover Card Master Trust I and Discover Card Execution Note Trust) | ||||||
| Date: August 5, 2014 | By: | /s/ Michael F. Rickert | ||||
| Michael F. Rickert | ||||||
| Vice President, Chief Financial Officer and Assistant Treasurer | ||||||