secwatch.observer — SEC 8-K summary
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Issuer:     WFN CREDIT CO LLC (—)
CIK:        0001139552
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001101215-24-000194
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 6.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000194/0001101215-24-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1139552/000110121524000194/wfn8-12x24form8xk.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000194

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