Verizon Master Trust issues $900M Series 2025-7 asset-backed notes

Verizon ABS II LLC

Four classes: A-1a $601.43M, A-1b $200.47M, B $61.31M, C $36.79M.
Closing date September 16, 2025; underwriters include Wells Fargo, BNP Paribas, Mizuho, TD Securities.
Trust enters Indenture and Account Control Agreement with U.S. Bank entities for note issuance.
Proceeds used for securitization of Verizon wireless receivables; routine financing transaction.

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