---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-067598"
form_type: "8-K"
ticker: null
cik: "0001396730"
company_name: "First National Master Note Trust"
filed_at: "2026-05-28T21:00:26+00:00"
generated_at: "2026-05-28T21:04:23.091000+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First National Master Note Trust issues $500M Class A asset-backed notes in securitization

## Summary
- Issued $500M Class A Notes publicly on May 28, 2026, plus $67.3M Class B and $73.7M Class C Notes privately to FNBO.
- Net proceeds of ~$497.5M used to purchase credit card receivables from First National Bank of Omaha.
- Underwriters: J.P. Morgan, Wells Fargo, BMO Capital Markets; underwriting discounts totaled $1.75M.
- Series 2026-1 Indenture Supplement and Risk Retention Agreement entered into on same date.

## SEC filing metadata
- accession: 0001104659-26-067598
- form_type: 8-K
- cik: 0001396730
- company_name: First National Master Note Trust
- filed_at: 2026-05-28T21:00:26+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396730/000110465926067598/0001104659-26-067598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171040/000110465926067598/tm2614387d7_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-067598
- JSON: https://secwatch.observer/filing/0001104659-26-067598.json
- Plain text: https://secwatch.observer/filing/0001104659-26-067598.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.