World Financial Network Credit Card Master Note Trust issues $399.1M Series 2023-A asset-backed notes

WFN CREDIT CO LLC

Issued $350M Class A, $31.165M Class M, and $17.98M Class B notes on May 16, 2023.
Net proceeds after underwriting and expenses estimated at $348.1M, used for general corporate purposes by depositor WFN Credit Company.
Entered Series 2023-A Indenture Supplement with U.S. Bank National Association as indenture trustee.
Trust portfolio totals $6.04B in principal receivables; 59.20% from obligors with VantageScore 661 or higher (April 30, 2023).

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

WFN CREDIT CO LLC entered into Series 2023-A Indenture Supplement with U.S. Bank National Association valued at Series 2023-A Indenture Supplement (effective 2023-05-16).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank National Association
Value: Series 2023-A Indenture Supplement
Effective: 2023-05-16

Exact text from the filing

On May 16, 2023, World Financial Network Credit Card Master Note Trust, as issuer (the “ Issuer ”), and U.S. Bank National Association, as indenture trustee (the “ Indenture Trustee ”), entered into the Series 2023-A Indenture Supplement (the “ Series 2023-A Indenture Supplement ”), a copy of which is filed with this Form 8-K as Exhibit 4.1.

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Source: SEC EDGAR

accession 0001101215-23-000097

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