secwatch.observer — SEC 8-K summary
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Issuer:     WFN CREDIT CO LLC (—)
CIK:        0001139552
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001101215-24-000084
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comenity Bank and Comenity Servicing execute Fifth Amended Service Agreement effective April 1, 2024
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- Fifth Amended and Restated Service Agreement replaces Fourth Amended agreement dated June 1, 2022.
- Initial term of two years, auto-renewing for one-year periods unless terminated.
- Performance standards with fee reductions of 2% per missed standard, up to 10%.
- Step-in rights for Bank in event of Servicer default under Section 2.4.
- Agreement governs servicing of credit card accounts between Comenity Bank and Comenity Servicing LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000084/0001101215-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000084/wfn_formxxfifthxamendedxxr.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000084

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