secwatch.observer — SEC 8-K summary
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Issuer:     WFN CREDIT CO LLC (—)
CIK:        0001139552
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001101215-24-000062
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comenity Bank and Servicer amend service agreement with new performance standards
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- Third Amendment adds Accounts Payable service and performance standards; effective March 1, 2024.
- New IT standards: 99.5% storage availability, 99.9% SQL availability.
- Customer service: 90% of email inquiries within 4 business days, 100% within 8.
- Payment processing: overnight payments by 2am processed same day; max 4 encoding errors per 100k payments.
- Failure to provide performance report by 5th business day deems standard failed per Third Amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000062/0001101215-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000062/a3-4x24wfnform8xk3damendan.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer