Verizon Master Trust issues $600M Series 2025-5 asset-backed notes

Verizon ABS II LLC

Trust will issue Class A-1a ($400.95M), A-1b ($133.65M), B ($40.87M), C ($24.53M) notes.
Underwriting agreement with RBC, Mizuho, Morgan Stanley, Wells Fargo dated June 17, 2025.
Notes backed by Verizon device payment plan receivables; closing expected June 24, 2025.
Standard securitization documents filed: indenture, account control agreement, certifications.

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