Verizon Master Trust amends four note series, cuts rate on Series 2023-4 Class B to 4.57%

Verizon ABS II LLC

Interest rate on Series 2023-4 Class B notes reduced from 5.40% to 4.57%, effective Aug 14, 2025.
Amendments also revise rates on Series 2023-7 Class C, Series 2024-1 Class B, and Series 2025-5 Class B notes (specific new rates not disclosed).
Verizon DPPA True-up Trust transfers the amended notes to Verizon ABS II LLC under a Transfer Agreement for an acquisition price.
Sole noteholder of each affected class (Verizon DPPA True-up Trust) consented to the rate changes.
Modifications lower borrowing costs within the Verizon ABS program, reflecting improved financing terms.

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