secwatch.observer — SEC 8-K summary
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Issuer:     WFN CREDIT CO LLC (—)
CIK:        0001139552
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001101215-24-000123
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 6.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WFN Credit Card Trust issues $500M Series 2024-A Class A notes; portfolio $5.42B
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- Issued $500M Class A, $44.5M Class M, and $25.7M Class B asset-backed notes on May 15, 2024.
- Net proceeds of ~$497.4M after underwriting ($1.5M) and estimated expenses ($1M) used for general corporate purposes.
- Trust portfolio total principal receivables of $5.42B as of April 30, 2024; largest program Signet (20.7%) and Victoria's Secret (14.9%).
- Obligor credit scores: 58.7% of receivables have VantageScore 661+; 13.4% have 600 or less.
- Underwriters for Class A notes included J.P. Morgan, RBC, Wells Fargo, BNP Paribas, BofA Securities, and Scotia Capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000123/0001101215-24-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000123/wfn5-15x24form8xk.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000123

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