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Discover Card Execution Note Trust

Filed: 30 Sep 21, 5:23pm

 

 

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): September 29, 2021

 

 

 

Commission File Number: Commission File Number: Commission File Number: Commission File Number:

333-141703-02;

333-167413;

333-191359;

333-205455-01;

333-228025-02

 

333-141703;

333-167413-02;

333-191359-02;

333-205455-02;

333-228025-01;

000-23108

 

333-205455;

333-228025

 

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(2008-C). On September 29, 2021, Discover Card Execution Note Trust (the “Note Issuance Trust”), as Issuer of the DiscoverSeries ClassA(2008-C) 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 commitments to July 31, 2023, (ii) extend the existing liquidation commencement date of the Notes to August 1, 2023, (iii) extend the existing expected maturity date of the Notes to September 15, 2023, (iv) extend the existing expected principal payment date of the Notes to September 15, 2023 and (v) extend the existing legal maturity date of the Notes to September 15, 2025. 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.

On September 30, 2021, the commencement of the Accumulation Periods for certain tranches of DiscoverSeries Notes was delayed, pursuant to the terms of the Second Amended and Restated Indenture Supplement, dated as of December 22, 2015, as amended by Amendment No. 1 to Master Indenture and Amendment No. 1 to Second Amended and Restated Indenture Supplement, dated as of August 27, 2019, by and between the Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee, and the applicable terms documents thereto.

Class A(2017-2), Class A(2017-1) and Class A(2019-1) DiscoverSeries Notes. The commencement of the Accumulation Period for the Class A(2017-2), Class A(2017-1) and Class A(2019-1) DiscoverSeries Notes was delayed until the first day of the Due Period related to the December 2021 Distribution Date.


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: September 30, 2021  
  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