WFN Credit Card Master Note Trust issues $500M Series 2024-B Notes; trust receivables $5.24B

WFN CREDIT CO LLC

Issued $500M Series 2024-B Class A Notes on August 13, 2024; net proceeds ~$497.5M after expenses.
Net proceeds used to repay variable funding notes and for general corporate purposes.
Trust portfolio: total principal receivables $5.24B across 32.4M accounts as of July 31, 2024.
Top retailer concentrations: Signet (20.8%), Victoria's Secret (14.8%), Caesars Entertainment (14.7%), Kay Jewelers (14.3%).
Credit quality: 59.7% of receivables from obligors with VantageScore 661+; 12.7% scored 600 or less.

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