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| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
|
| FORM 8-K |
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| Current Report Pursuant |
| to Section 13 or 15(d) of the |
| Securities Exchange Act of 1934 |
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| Date of Report (Date of Earliest Event Reported) |
| August 5, 2024 |
|
World Financial Network Credit Card Master Note Trust
(Exact Name of Issuing Entity as Specified in its Charter)
Commission File Number of Issuing Entity: 333-264255-02 Central Index Key Number of Issuing Entity: 0001282663
World Financial Network Credit Card Master Trust
(Exact Name of Issuer of Collateral Certificate as Specified in its Charter)
Commission File Number of Issuer of the Collateral Certificate: 333-264255-01 Central Index Key Number of Issuer of the Collateral Certificate: 0001140096
WFN Credit Company, LLC
(Exact Name of Depositor/Registrant as Specified in its Charter)
Commission File Number of Depositor: 333-264255 Central Index Key Number of Depositor: 0001139552
Comenity Bank
(Exact Name of Sponsor as Specified in its Charter)
Central Index Key Number of Sponsor: 0001007254 |
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| Delaware |
(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant) |
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31-1772814 (I.R.S. Employer Identification No. of Registrant) |
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| 3095 Loyalty Circle, Columbus, Ohio | 43219 |
| (Address of Principal Executive Offices of Registrant) | (Zip Code) |
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| (614) 729-4000 |
| (Registrant’s Telephone Number, Including Area Code) |
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| Not Applicable |
| (Former Name or Former Address, if Changed Since Last Report) |
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| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
| [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 1.01. Entry into Material Definitive Agreement.
WFN Credit Company, LLC (the “Depositor”) entered into an Underwriting Agreement, dated August 5, 2024 (the “Underwriting Agreement”), among the Depositor, Comenity Bank (the “Bank”) and RBC Capital Markets, LLC, BofA Securities, Inc. and Scotia Capital (USA) Inc., each as an underwriter of the Class A Asset Backed Notes, Series 2024-B (the “Class A Notes” or the “Offered Notes”) and as a representative of the several underwriters of the Class A Notes issued by World Financial Network Credit Card Master Note Trust (the “Issuer”) and described in the Prospectus dated August 5, 2024. Subject to the terms and conditions set forth in the Underwriting Agreement, the Depositor agreed to sell to the underwriters identified therein, and each of such underwriters has severally agreed to purchase, the principal amount of Offered Notes set forth opposite its name in Schedule A to the Underwriting Agreement. A copy of the Underwriting Agreement is filed with this Form 8-K as Exhibit 1.1.
Item 8.01. Other Events.
In order to facilitate the issuance of the Offered Notes (and certain retained notes), the Depositor will cause the Issuer to enter into a Series 2024-B Indenture Supplement (the “Indenture Supplement”), to be dated on or about August 13, 2024, by and between the Issuer and U.S. Bank National Association (the “Indenture Trustee”), pursuant to the Master Indenture (as amended), by and between the Issuer and the Indenture Trustee, dated as of August 1, 2001. A copy of the form of Indenture Supplement that the Issuer intends to execute is filed with this Form 8-K as Exhibit 4.1.
In connection with the issuance of the Offered Notes, the chief executive officer of the Depositor has made the certifications required by Paragraph I.B.1(a) of Form SF-3. Such certifications are being filed with this Form 8-K as Exhibit 36.1 in order to satisfy the requirements of Item 601(b)(36) of Regulation S-K.
The Registrant is also filing with this Form 8-K Exhibits 5.1 and 8.1 in connection with the issuance of the Offered Notes.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
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Exhibit No. | Document Description |
| |
| Underwriting Agreement for the Offered Notes, dated August 5, 2024 |
| Form of Indenture Supplement, to be dated on or about August 13, 2024 |
| Opinion of Mayer Brown LLP with respect to legality of the Offered Notes, dated August 7, 2024 |
| Opinion of Mayer Brown LLP with respect to tax matters with respect to the Offered Notes, dated August 7, 2024 |
| Depositor Certification, dated August 5, 2024, for shelf offerings of asset-backed securities |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| August 7, 2024 | | WFN Credit Company, LLC, as depositor |
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| | By: | /s/ Wai Chung |
| | Name: | Wai Chung |
| | Title: | Treasurer |
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