secwatch.observer — SEC 8-K summary
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Issuer:     WFN CREDIT CO LLC (—)
CIK:        0001139552
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001101215-24-000103
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comenity Bank and Servicer amend performance standards in service agreement
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- First Addendum to Appendix A of Fifth Amended and Restated Service Agreement dated April 30, 2024.
- Amends Performance Standards for Business Continuity (97% plan approval, 95% testing) and Complaints Management (80% in 15 days, 100% in 60 days).
- Adds IT service metrics: 95% change requests on-time, 99.9% cloud availability, 97% Severity 1 root cause analysis on-time.
- Effective first day of month following execution; no financial impact disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000103/0001101215-24-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000103/a4-30x24wfnform8xk.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000103

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