Discover Card Execution Note Trust - FORM 8-K - May 14, 2020

 

 

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): May 14, 2020

 

 

 

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

Class A(2012-A) Notes. On May 14, 2020, Discover Card Execution Note Trust (the “Note Issuance Trust”), as Issuer of the DiscoverSeries Class A(2012-A) Notes (the “Notes”), Discover Bank, as Master Servicer and Calculation Agent for the Note Issuance Trust, Discover Funding LLC, as Transferor, and the committed purchaser and purchaser of the Notes and their agent agreed to (i) extend the existing termination date for the note purchase commitment to March 31, 2022, (ii) extend the existing liquidation commencement date of the Notes to April 1, 2022, (iii) extend the existing expected maturity date of the Notes to May 16, 2022, (iv) extend the existing expected principal payment date of the Notes to May 16, 2022 and (v) extend the existing legal maturity date of the Notes to November 15, 2024. In connection with any increase in the outstanding dollar principal amount of the Notes, an interim expected maturity date and interim liquidation commencement date may be specified.

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: May 14, 2020

 

   

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