Verizon Master Trust to issue $875M in Series 2024-3 asset-backed notes

Verizon ABS II LLC

Total principal amount of $875M across four classes: A-1a ($604.6M), A-1b ($175M), B ($59.6M), C ($35.8M).
Closing date April 23, 2024; underwriters include Wells Fargo, Mizuho, RBC, SMBC Nikko.
Notes are secured by Verizon Master Trust receivables; issued under an Indenture with U.S. Bank Trust as trustee.
Series 2024-3 includes three collateral accounts: Distribution, Reserve, and Principal Funding.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Verizon ABS II LLC entered into Underwriting Agreement with Wells Fargo Securities, LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. (effective 2024-04-16).

Action: entry
Agreement: underwriting
Counterparty: Wells Fargo Securities, LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc.
Effective: 2024-04-16

Exact text from the filing

On April 16, 2024, Verizon Master Trust (the “ Trust ”), a Delaware statutory trust, and Cellco Partnership d/b/a Verizon Wireless (“ Cellco ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with of Wells Fargo Securities, LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., acting on behalf of themselves and as representatives of the several underwriters named therein, for the sale of certain notes of Series 2024-3.

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Source: SEC EDGAR

accession 0000929638-24-001527

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