Attached files
| file | filename |
|---|---|
| EX-99.1 - Barclays Dryrock Funding LLC | ex99-1.htm |
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) April 3, 2015
| BARCLAYS DRYROCK FUNDING LLC |
(as Depositor of the Barclays Dryrock Issuance Trust)
(Exact Name of Registrant as Specified in its Charter)
on behalf of
Barclays Dryrock Issuance Trust
| Delaware | 333-200980-02 | 45-5441359 | ||||||||
| (State or Other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||||
|
100 S. West Street Office 120 Wilmington, DE 19801 (302) 255-7073 |
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|
(Address, Including Zip Code, and Telephone Number, Including Area Code, of each Registrant’s Principal Executive Offices) |
||||||||||
| N/A | ||||||||||
| (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 | ||||||||||
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||||||
| ¨ | Soliciting material pursuant to Rule 14a-12(b) 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)) | |||||||||
| INFORMATION TO BE INCLUDED IN THE REPORT | |
| Item 8.01. | Other Events |
| On April 1, 2015 Barclays Dryrock Issuance Trust acquired $1,570,979,326 of receivables in additional accounts from the Depositor. The conveyance of such receivables was effected pursuant to Assignment No. 5 of Receivables in Additional Accounts, dated as of April 1, 2015 (“Assignment No. 5”), by and between Barclays Dryrock Funding LLC and Barclays Dryrock Issuance Trust, and accepted and acknowledged by U.S. Bank National Association. The Assignment No. 5 is attached hereto as Exhibit 99.1. The composition of receivables in additional accounts by program is set forth below. |
Composition of Receivables in Additional Accounts by Program
| Program | Total Additional Receivables | % of Additional Receivables |
| Ameriprise | $ 31,778,777 | 2.02% |
| Apple | $ 218,267,127 | 13.89% |
| BlackCard | $ 32,254,126 | 2.05% |
| BlueGreen | $ 46,432,043 | 2.96% |
| Carnival Cruise Lines, | $ 47,141,772 | 3.00% |
| Choice Hotels International | $ 31,402,827 | 2.00% |
| Republic Airways/Frontier Airlines | $ 31,561,491 | 2.01% |
| L.L. Bean | $ 141,462,633 | 9.00% |
| Miles & More/Lufthansa | $ 15,834,121 | 1.01% |
| NFL Properties | $ 47,170,968 | 3.00% |
| Priceline.com | $ 31,314,929 | 1.99% |
| RCI | $ 156,511,547 | 9.96% |
| Travelocity.com | $ 15,581,481 | 0.99% |
| Upromise | $ 222,149,826 | 14.14% |
| US Airways | $ 236,772,694 | 15.07% |
| Travel Rewards/Wyndham Hotels | $ 108,776,307 | 6.92% |
| Non Co-Branded Portfolio | $ 156,566,657 | 9.97% |
| Total | $ 1,570,979,326 | 100.00% |
| Item 9.01. | Exhibits |
| The following is filed as an Exhibit to this Report. | |
| Exhibit 99.1 Assignment No. 5 of Receivables in Additional Accounts, dated as of April 1, 2015, by and between Barclays Dryrock Funding LLC and Barclays Dryrock Issuance Trust, and accepted and acknowledged by U.S. Bank National Association. |
SIGNATURES
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.
| BARCLAYS DRYROCK FUNDING LLC, | ||
| as depositor of Barclays Dryrock Issuance Trust | ||
| By: | /s/ Deepesh Jain | |
| Name: Deepesh Jain | ||
| Title: Vice President and Treasurer | ||
April 3, 2015
EXHIBIT INDEX
| Exhibit | Description |
| Exhibit 99.1 | Assignment No. 5 of Receivables in Additional Accounts, dated as of April 1, 2015, by and between Barclays Dryrock Funding LLC and Barclays Dryrock Issuance Trust, and accepted and acknowledged by U.S. Bank National Association. |