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

Verizon ABS II LLC

Issued $601.43M Class A-1a, $200.47M Class A-1b, $61.31M Class B, and $36.79M Class C notes.
Notes backed by Verizon device installment sales and service receivables; issued under existing shelf.
Executed Indenture and Series 2025-7 Account Control Agreement with U.S. Bank entities.
Transaction is a routine ABS issuance; no change to Verizon's dividend or earnings guidance.

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