# EDGAR Filing Document

**Accession Number:** 0001139552
**File Stem:** 0001139552-26-000021
**Filing Date:** 2026-3
**Character Count:** 121979
**Document Hash:** b92768deca1c6f34be9df5b5bc5390c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001139552-26-000021.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0001139552-26-000021

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**ABS ASSET CLASS**: Credit card

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WFN CREDIT CO LLC
- **CENTRAL INDEX KEY:** 0001139552
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 311772814
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-60418
- **FILM NUMBER:** 26774730

**BUSINESS ADDRESS:**
- **STREET 1:** 3100 EASTON SQUARE PLACE, #3108
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219
- **BUSINESS PHONE:** 614.729.5044

**MAIL ADDRESS:**
- **STREET 1:** 3100 EASTON SQUARE PLACE, #3108
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST
- **CENTRAL INDEX KEY:** 0001282663
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 311772814
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-113669
- **FILM NUMBER:** 26774732

**BUSINESS ADDRESS:**
- **STREET 1:** ONE RIGHTER PARKWAY, SUITE 100
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19803
- **BUSINESS PHONE:** 302.529.6140

**MAIL ADDRESS:**
- **STREET 1:** ONE RIGHTER PARKWAY, SUITE 100
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19803
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST
- **CENTRAL INDEX KEY:** 0001140096
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-60418-01
- **FILM NUMBER:** 26774731

**BUSINESS ADDRESS:**
- **STREET 1:** 3100 EASTON SQUARE PLACE, #3108
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219
- **BUSINESS PHONE:** 614.729.5044

**MAIL ADDRESS:**
- **STREET 1:** 3100 EASTON SQUARE PLACE, #3108
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**

**FORM 10-K<br>(Mark One)**

☒&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

&nbsp;&nbsp;&nbsp;&nbsp;**For the fiscal year ended December 31, 2025.**

**or**

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from &nbsp;&nbsp;&nbsp;&nbsp;to**

**World Financial Network Credit Card Master Note Trust**<br> (Exact Name of Issuing Entity as Specified in its Charter) <br>

**Commission File Numbers of Issuing Entity:<br>333-113669**

**Central Index Key Number of Issuing Entity: 0001282663**

**World Financial Network Credit Card Master Trust**<br> (Exact Name of Issuer of the Collateral Certificate as Specified in its Charter)<br>

**Commission File Numbers of Issuer of the Collateral Certificate:<br>333-60418-01**

**Central Index Key Number of Issuer of the Collateral Certificate: 0001140096**

<br> **WFN Credit Company, LLC**

(Exact Name of Depositor as Specified in its Charter) <br>**Commission File Numbers of Depositor:<br>333-60418**

**Central Index Key Number of Depositor: 0001139552**

<br>**Comenity Bank**<br> (Exact Name of Sponsor as Specified in its Charter) <br>**Central Index Key Number of Sponsor: 0001007254**

------

**Delaware**<br>(State of Organization of the Registrant)

**31-1772814** <br> (I.R.S. Employer Identification No.)

**One Righter Parkway, Suite 100**

**Wilmington, Delaware 19803**

**(302) 529-6140**<br>(Address and Telephone Number of Principal Executive Office of Registrant) <br>

------

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **None**<br>Securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **None**

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒ No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act. ☐ Yes ☒ No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

<br>Large Accelerated Filer: ☐ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelerated Filer: ☐

<br>Non-Accelerated Filer: ☒ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smaller Reporting Company ☐

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. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked

------

price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

<br>**Registrant does not have any voting or non-voting common equity, has not been involved in bankruptcy proceedings during the past five years and is not a corporate registrant**.

Documents Incorporated by Reference. **None.**

__________________________________________________________________________

**PART I**

**THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:**

**Item 1:&nbsp;&nbsp;&nbsp;&nbsp;Business**

**Item 1A:&nbsp;&nbsp;&nbsp;&nbsp;Risk Factors**

**Item 1C:&nbsp;&nbsp;&nbsp;&nbsp;Cybersecurity** 

**Item 2:&nbsp;&nbsp;&nbsp;&nbsp;Properties**

**Item 3:&nbsp;&nbsp;&nbsp;&nbsp;Legal Proceedings**

**Item 1B. Unresolved Staff Comments.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

**Item 4. Mine Safety Disclosures.**

Not applicable.

**SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:**

**Item 1112(b) of Regulation AB: Significant obligors of pool assets (Financial information).**

Not applicable.

**Item 1114(b)(2) of Regulation AB: Credit enhancement and other support, except for certain derivatives instruments (Financial information).**

Not applicable.

**Item 1115(b) of Regulation AB: Certain derivatives instruments (Financial information).**

Not applicable.

**Item 1117 of Regulation AB: Legal proceedings.**

There are no legal proceedings pending or proceedings known to be contemplated by governmental authorities against any of Citicorp Trust Delaware, National Association, as owner trustee for the issuing entity, Comenity Bank, as Servicer and Sponsor, WFN Credit Company, LLC, as Depositor, or Comenity Servicing LLC, as sub-servicer, or of which any property of the foregoing is subject, that are material to holders of the Notes issued by the issuing entity.

------

U.S. Bank National Association, a national banking association ("<u>U.S. Bank</u>"), as the indenture trustee, has provided the following information:

U.S. Bank and other large financial institutions have been sued in their capacity as trustee or successor trustee for certain residential mortgage backed securities ("<u>RMBS</u>") trusts. The complaints, primarily filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees' purported failures to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard of care following alleged events of default.

U.S. Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting the plaintiffs' claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the possible impact of these litigations on the trustee or the RMBS trusts.

On March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the "<u>DSTs</u>") that issued securities backed by student loans (the "<u>Student Loans</u>") filed a lawsuit in the Delaware Court of Chancery against U.S. Bank in its capacities as indenture trustee and successor special servicer, and three other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is captioned "The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al.," C.A. No. 2018-0167-JRS (Del. Ch.) (the "NCMSLT Action"). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S. Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

U.S. Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

U.S. Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious defenses. It has contested and intends to continue contesting the plaintiffs' claims vigorously.

**PART II**

**THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:**

**Item 5: &nbsp;&nbsp;&nbsp;&nbsp;Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities**

**Item 6:&nbsp;&nbsp;&nbsp;&nbsp;[Reserved]**

------

**Item 7:&nbsp;&nbsp;&nbsp;&nbsp;Management's Discussion and Analysis of Financial Condition and Results of Operations**

**Item 7A:&nbsp;&nbsp;&nbsp;&nbsp;Quantitative and Qualitative Disclosures about Market Risk**

**Item 8:&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Supplementary Data**

**Item 9:&nbsp;&nbsp;&nbsp;&nbsp;Changes in and Disagreements with Accountants on Accounting and Financial Disclosure**

**Item 9A:&nbsp;&nbsp;&nbsp;&nbsp;Controls and Procedures**

**Item 9B. Other Information.**

None.

**Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.**

**&nbsp;&nbsp;&nbsp;&nbsp;**Not applicable.

**PART III**

**THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:**

**Item 10:&nbsp;&nbsp;&nbsp;&nbsp;Directors, Executive Officers and Corporate Governance**

**Item 11:&nbsp;&nbsp;&nbsp;&nbsp;Executive Compensation**

**Item 12:&nbsp;&nbsp;&nbsp;&nbsp;Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters**

**Item 13:&nbsp;&nbsp;&nbsp;&nbsp;Certain Relationships and Related Transactions, and Director Independence**

**Item 14:&nbsp;&nbsp;&nbsp;&nbsp;Principal Accounting Fees and Services**

**SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:**

**Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions.**

The information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

**Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria.**

Each of Comenity Bank, Comenity Servicing LLC and U.S. Bank National Association (each, a "<u>Servicing Participant</u>") has been identified by the registrant as a party participating in the servicing function with respect to more than 5% of the pool assets held by the issuing entity during the reporting period to which this report on Form 10-K relates. Each of the Servicing Participants has completed a report on an assessment of compliance with the servicing criteria applicable to it (each, a "<u>Servicing Report</u>"), which Servicing Reports are attached as exhibits to this Form 10-K. In addition, each Servicing Participant has provided an attestation report (each, an "<u>Attestation Report</u>") by one or more registered public accounting firms, which Attestation Reports are also attached as exhibits to this Form 10-K. Neither the Servicing Reports nor the Attestation Reports have identified any material instances of noncompliance with the servicing criteria applicable to the Servicing Participants.

------

**Item 1123 of Regulation AB: Servicer Compliance Statement.**

Each of Comenity Bank and Comenity Servicing LLC has completed a Statement of Compliance with applicable servicing criteria (a "<u>Compliance Statement</u>") signed by an authorized officer of such servicer. Each Compliance Statement is attached as an exhibit to this 10-K.

**PART IV**

**Item 15. Exhibits And Financial Statement Schedules.**

&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;The exhibits filed in response to Item 601 of Regulation S-K are listed below:

<u>[Exhibit 3.1](https://www.sec.gov/Archives/edgar/data/1139552/000091205701513708/a2047926zex-3_1.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Certificate of Formation for WFN Credit Company, LLC (incorporated by reference to Exhibit 3.1 of Registrant's Registration Statement, filed on May 8, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 3.2](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-3_1.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Amended and Restated Limited Liability Company Agreement of WFN Credit Company, LLC (incorporated by reference to Exhibit 3.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_1.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Master Indenture, dated as of August 1, 2001, between World Financial Network Credit Card Master Note Trust and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.2](https://www.sec.gov/Archives/edgar/data/1139552/000110465903006988/j9579_ex4.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Omnibus Amendment, dated as of March 31, 2003, among WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on April 22, 2003 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.3](https://www.sec.gov/Archives/edgar/data/1140096/000110465903019712/a03-3020_1ex4d2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 1 to Master Indenture, dated as of August 13, 2003, between World Financial Network Credit Card Master Note Trust and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by World Financial Network Credit Card Master Trust on August 28, 2003 (No. 333-60418-01)).

<u>[Exhibit 4.4](https://www.sec.gov/Archives/edgar/data/1139552/000095013407013486/d47576exv4w3.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 2 to Master Indenture, dated as of June 13, 2007, between World Financial Network Credit Card Master Note Trust and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on June 15, 2007 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.5](https://www.sec.gov/Archives/edgar/data/1139552/000095013408010459/d57243exv4w2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 3 to Master Indenture, dated as of May 27, 2008, between World Financial Network Credit Card Master Note Trust and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on May 29, 2008 (No. 333-60418 and 333-113669)).

------

<u>[Exhibit 4.6](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex41.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 4 to Master Indenture, dated as of June 28, 2010, between World Financial Network Credit Card Master Note Trust and The Bank of New York Mellon Trust Company, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K/A filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on July 6, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.7](https://www.sec.gov/Archives/edgar/data/1139552/000110121513000036/exhibit4-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 5 to Master Indenture, dated as of February 20, 2013, between World Financial Network Credit Card Master Note Trust and Union Bank, N.A. (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on February 22, 2013 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.8](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_4-3.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 6 to Master Indenture, dated as of July 6, 2016, between World Financial Network Credit Card Master Note Trust and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on July 8, 2016 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.9](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000124/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 7 to Master Indenture, dated as of June 11, 2020, between World Financial Network Credit Card Master Note Trust and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 16, 2020 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit414-26x24.htm)[10](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit414-26x24.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Indenture No. 8 to Master Indenture, dated as of April 26, 2024, between World Financial Network Credit Card Master Note Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 30, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.11](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000110/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Succession Agreement, dated as of June 18, 2021, among Comenity Bank, World Financial Network Credit Card Master Note Trust, MUFG Union Bank, N.A. and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 24, 2021 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.12](https://www.sec.gov/Archives/edgar/data/1139552/000110121523000097/exhibit411.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A Indenture Supplement, dated as of May 16, 2023, between World Financial Network Credit Card Master Note Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on May 19, 2023 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.13](https://www.sec.gov/Archives/edgar/data/1139552/000110121523000225/exhibit41.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Amendment to Series 2023-A Indenture Supplement, dated as of December 22, 2023, between World Financial Network Credit Card Master Note Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network

------

Credit Card Master Trust on December 26, 2023 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit424-26x24.htm)[4](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit424-26x24.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Second Amendment to Series 2023-A Indenture Supplement, dated as of April 26, 2024, between World Financial Network Credit Card Master Note Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 30, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000123/exhibit415-15x24.htm)[5](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000123/exhibit415-15x24.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A Indenture Supplement, dated as of May 15, 2024, between World Financial Network Credit Card Master Note Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on May 21, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000194/exhibit41series2024-bx8xk8.htm)[6](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000194/exhibit41series2024-bx8xk8.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-B Indenture Supplement, dated as of August 13, 2024, between World Financial Network Credit Card Master Note Trust and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on August 14, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.17](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_3.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Transfer and Servicing Agreement, dated as of August 1, 2001 among WFN Credit Company, LLC, World Financial Network National Bank and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.18](https://www.sec.gov/Archives/edgar/data/1139552/000090256102000602/exj42.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Amendment to the Transfer and Servicing Agreement, dated as of November 7, 2002, among WFN Credit Company, LLC, World Financial Network National Bank and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on November 20, 2002 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.19](https://www.sec.gov/Archives/edgar/data/1139552/000110465904022067/a04-8661_1ex4d2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Third Amendment to Transfer and Servicing Agreement, dated as of May 19, 2004, among WFN Credit Company, LLC, World Financial Network National Bank and World Financial Network Credit Card Master Trust (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on August 4, 2004 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.20](https://www.sec.gov/Archives/edgar/data/1139552/000095013405006844/d23863exv4w2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fourth Amendment to the Transfer and Servicing Agreement, dated as of March 30, 2005, among WFN Credit Company, LLC, World Financial Network National Bank and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 5, 2005 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.21](https://www.sec.gov/Archives/edgar/data/1139552/000095013407013486/d47576exv4w2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fifth Amendment to the Transfer and Servicing Agreement, dated as of June 13, 2007, among World Financial Network National Bank, WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated

------

by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on June 15, 2007 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.22](https://www.sec.gov/Archives/edgar/data/1139552/000095013407022388/d50884exv4w2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Sixth Amendment to the Transfer and Servicing Agreement, dated as of October 26, 2007, among WFN Credit Company, LLC, World Financial Network National Bank and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on October 31, 2007 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.23](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex44.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Seventh Amendment to the Transfer and Servicing Agreement, dated as of June 28, 2010, among World Financial Network National Bank, WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.4 of the current report on Form 8-K/A filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on July 6, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.24](https://www.sec.gov/Archives/edgar/data/1139552/000110121511000054/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Eighth Amendment to the Transfer and Servicing Agreement, dated as of June 15, 2011, among World Financial Network National Bank, WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 15, 2011 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.25](https://www.sec.gov/Archives/edgar/data/1139552/000110121511000145/exhibit_4-3.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Ninth Amendment to the Transfer and Servicing Agreement, dated as of November 9, 2011, among World Financial Network Bank (formerly known as World Financial Network National Bank), WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on November 14, 2011 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.26](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_4-4.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Tenth Amendment to the Transfer and Servicing Agreement, dated as of July 6, 2016, among Comenity Bank, WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.4 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on July 8, 2016 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.2](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit454-26x24.htm)[7](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit454-26x24.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Eleventh Amendment to the Transfer and Servicing Agreement, dated as of April 26, 2024, among Comenity Bank, WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.5 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 30, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.28](https://www.sec.gov/Archives/edgar/data/1139552/000119312510187165/dex43.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Agreement to Transfer and Servicing Agreement, dated as of August 9, 2010, among World Financial Network National Bank, WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed

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by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on August 12, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.29](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_4.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Amended and Restated Trust Agreement, dated as of August 1, 2001, between WFN Credit Company, LLC and Chase Manhattan Bank USA, National Association (incorporated by reference to Exhibit 4.4 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.30](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000100/exhibit_4-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Amendment to Amended and Restated Trust Agreement, dated as of May 25, 2021, between WFN Credit Company, LLC and Citicorp Trust Delaware, National Association (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on May 28, 2021 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.31](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000100/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Agreement of Resignation, Appointment and Acceptance, dated as of May 25, 2021, among WFN Credit Company, LLC, U.S. Bank Trust National Association and Citicorp Trust Delaware, National Association (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on May 28, 2021 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.32](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_5.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Administration Agreement, dated as of August 1, 2001, between World Financial Network Credit Card Master Note Trust and World Financial Network National Bank (incorporated by reference to Exhibit 4.5 of the current report filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on Form 8-K on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.33](https://www.sec.gov/Archives/edgar/data/1139552/000095012309028395/d68593exv4w1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Amendment to Administration Agreement, dated as of July 31, 2009, between World Financial Network Credit Card Master Note Trust and World Financial Network National Bank (incorporated by reference to Exhibit 4.1 of the current report filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on Form 8-K on July 31, 2009 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.3](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000002/exhibit991to1-1x25wfnform8.htm)[4](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000002/exhibit991to1-1x25wfnform8.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Sixth Amended and Restated Service Agreement, dated as of January 1, 2025, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on January 2, 2025 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.35](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000068/exhibit991to4-1x25form8xk.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Addendum to Sixth Amended and Restated Service Agreement, dated as of April 1, 2025, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on April 3, 2025 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.3](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000068/exhibit992to4-1x25form8xk.htm)[6](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000068/exhibit992to4-1x25form8xk.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Second Addendum to Sixth Amended and Restated Service Agreement, dated as of April 1, 2025, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.2 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on April 3, 2025 (No. 333-60418 and 333-113669)).

------

<u>[Exhibit 4.37](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000094/exhibit991to6-1x25form8xk.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Third Addendum to Sixth Amended and Restated Service Agreement, dated as of June 1, 2025, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on June 3, 2025 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.3](https://www.sec.gov/Archives/edgar/data/1139552/000113955225000010/exhibit99110125form8-k.htm)[8](https://www.sec.gov/Archives/edgar/data/1139552/000113955225000010/exhibit99110125form8-k.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fourth Addendum to Sixth Amended and Restated Service Agreement, dated as of October 1, 2025, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on October 2, 2025 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.39](https://www.sec.gov/Archives/edgar/data/1139552/000113955226000003/exhibit99101-01x26form8xk.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fifth Addendum to Sixth Amended and Restated Service Agreement, dated as of January 1, 2026, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on January 5, 2026 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.40](https://www.sec.gov/Archives/edgar/data/1139552/000110121525000068/exhibit993to4-1x25form8xk.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Service Agreement, dated as of April 1, 2025, by and between Comenity Bank and Comenity Servicing LLC (incorporated by reference to Exhibit 99.3 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on April 3, 2025 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_6.txt)[41](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_6.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Second Amended and Restated Pooling and Servicing Agreement, as amended and restated a second time on August 1, 2001, among WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.6 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110465904022067/a04-8661_1ex4d1.htm)[42](https://www.sec.gov/Archives/edgar/data/1139552/000110465904022067/a04-8661_1ex4d1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Second Amendment to the Second Amended and Restated Pooling and Servicing Agreement, dated as of May 19, 2004, among WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on August 4, 2004 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000095013405006844/d23863exv4w1.htm)[43](https://www.sec.gov/Archives/edgar/data/1139552/000095013405006844/d23863exv4w1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Third Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of March 30, 2005, between WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 5, 2005 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000095013407013486/d47576exv4w1.htm)[44](https://www.sec.gov/Archives/edgar/data/1139552/000095013407013486/d47576exv4w1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fourth Amendment to the Second Amended And Restated Pooling and Servicing Agreement, dated as of June 13, 2007, among World Financial Network National Bank, WFN Credit Company, LLC, and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on June 15, 2007 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000095013407022388/d50884exv4w1.htm)[45](https://www.sec.gov/Archives/edgar/data/1139552/000095013407022388/d50884exv4w1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fifth Amendment to the Second Amended and Restated Pooling and Servicing Agreement, dated as of October 26, 2007, among WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company

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(incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on October 31, 2007 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000095013408010459/d57243exv4w1.htm)[46](https://www.sec.gov/Archives/edgar/data/1139552/000095013408010459/d57243exv4w1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Sixth Amendment to the Second Amended and Restated Pooling and Servicing Agreement, dated as of May 27, 2008, among WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on May 29, 2008 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex42.htm)[47](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex42.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Seventh Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of June 28, 2010, among World Financial Network National Bank, WFN Credit Company, LLC and The Bank of New York Mellon Trust Company, N.A. (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K/A filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on July 6, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121511000145/exhibit_4-1.htm)[48](https://www.sec.gov/Archives/edgar/data/1139552/000110121511000145/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Eighth Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of November 9, 2011, among World Financial Network Bank (formerly known as World Financial Network National Bank), WFN Credit Company, LLC and The Bank of New York Mellon Trust Company, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on November 14, 2011 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000490/exhibit_4-1.htm)[49](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000490/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Ninth Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of December 1, 2016, among Comenity Bank, WFN Credit Company, LLC and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on December 2, 2016 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121518000191/exhibit_4-1.htm)[50](https://www.sec.gov/Archives/edgar/data/1139552/000110121518000191/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Tenth Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of August 16, 2018, among Comenity Bank, WFN Credit Company, LLC and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on August 20, 2018 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000124/exhibit_4-2.htm)[51](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000124/exhibit_4-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Eleventh Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of June 11, 2020, among Comenity Bank, WFN Credit Company, LLC and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 16, 2020 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000189/exhibit_4-1.htm)[52](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000189/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Twelfth Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of October 27, 2020, among Comenity Bank, WFN Credit Company, LLC and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company,

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LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on October 30, 2020 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit434-26x24.htm)[53](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit434-26x24.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Thirteenth Amendment to Second Amended and Restated Pooling and Servicing Agreement, dated as of April 26, 2024, among Comenity Bank, WFN Credit Company, LLC and U.S. Bank National Association (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 30, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000119312510187165/dex41.htm)[54](https://www.sec.gov/Archives/edgar/data/1139552/000119312510187165/dex41.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Agreement to Second Amended and Restated Pooling and Servicing Agreement, dated as of August 9, 2010, among World Financial Network National Bank, WFN Credit Company, LLC and The Bank of New York Mellon Trust Company, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on August 12, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000110/exhibit_4-2.htm)[55](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000110/exhibit_4-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Succession Agreement, dated as of June 18, 2021, among WFN Credit Company, LLC, MUFG Union Bank, N.A. and U.S. Bank National Association (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 24, 2021 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_7.txt)[56](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_7.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Collateral Series Supplement, dated as of August 21, 2001, among WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.7 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000090256102000602/exh43.txt)[57](https://www.sec.gov/Archives/edgar/data/1139552/000090256102000602/exh43.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Amendment to Collateral Series Supplement, dated as of November 7, 2002, among WFN Credit Company, LLC, World Financial Network National Bank and BNY Midwest Trust Company (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Trust on November 20, 2002 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_4-1.htm)[58](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_4-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Second Amendment to Collateral Series Supplement, dated as of July 6, 2016, among WFN Credit Company, LLC, Comenity Bank and MUFG Union Bank, N.A. (incorporated by reference to Exhibit 4.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on July 8, 2016 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000110/exhibit_4-3.htm)[59](https://www.sec.gov/Archives/edgar/data/1139552/000110121521000110/exhibit_4-3.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Collateral Certificate No. 4 (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 24, 2021 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_8.txt)[60](https://www.sec.gov/Archives/edgar/data/1139552/000091205701531116/a2058322zex-4_8.txt)</u>&nbsp;&nbsp;&nbsp;&nbsp;Receivables Purchase Agreement, dated as of August 1, 2001, between World Financial Network National Bank and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.8 of the current report on Form 8-K filed by WFN

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Credit Company, LLC and World Financial Network Credit Card Master Trust on August 31, 2001 (No. 333-60418 and 333-60418-01)).

<u>[Exhibit 4](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex43.htm)[.](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex43.htm)[61](https://www.sec.gov/Archives/edgar/data/1139552/000119312510151149/dex43.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;First Amendment to Receivables Purchase Agreement, dated as of June 28, 2010, between World Financial Network National Bank and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K/A filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on July 6, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121511000145/exhibit_4-2.htm)[62](https://www.sec.gov/Archives/edgar/data/1139552/000110121511000145/exhibit_4-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Second Amendment to Receivables Purchase Agreement, dated as of November 9, 2011, between World Financial Network Bank (formerly known as World Financial Network National Bank) and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on November 14, 2011 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_4-2.htm)[63](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_4-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Third Amendment to Receivables Purchase Agreement, dated as of July 6, 2016, between Comenity Bank and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on July 8, 2016 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000124/exhibit_4-3.htm)[64](https://www.sec.gov/Archives/edgar/data/1139552/000110121520000124/exhibit_4-3.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fourth Amendment to Receivables Purchase Agreement, dated as of June 11, 2020, between Comenity Bank and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.3 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on June 16, 2020 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit444-26x24.htm)[65](https://www.sec.gov/Archives/edgar/data/1139552/000110121524000097/exhibit444-26x24.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Fifth Amendment to Receivables Purchase Agreement, dated as of April 26, 2024, between Comenity Bank and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.4 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on April 30, 2024 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000119312510187165/dex42.htm)[6](https://www.sec.gov/Archives/edgar/data/1139552/000119312510187165/dex42.htm)[6](https://www.sec.gov/Archives/edgar/data/1139552/000119312510187165/dex42.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Agreement to Receivables Purchase Agreement, dated as of August 9, 2010, between World Financial Network National Bank and WFN Credit Company, LLC (incorporated by reference to Exhibit 4.2 of the current report on Form 8-K filed by WFN Credit Company, LLC and World Financial Network Credit Card Master Note Trust on August 12, 2010 (No. 333-60418 and 333-113669)).

<u>[Exhibit 4.](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_10-1.htm)[6](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_10-1.htm)[7](https://www.sec.gov/Archives/edgar/data/1139552/000110121516000387/exhibit_10-1.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Asset Representations Review Agreement, dated as of July 6, 2016, among Comenity Bank, WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and FTI Consulting, Inc. (incorporated by reference to Exhibit 10.1 of the current report on Form 8-K filed by WFN Credit Company, LLC, World Financial Network Credit Card Master Note Trust and World Financial Network Credit Card Master Trust on July 8, 2016 (No. 333-60418, 333-113669 and 333-60418-01)).

<u>[Exhibit 31.1](exhibit311.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Certification of Depositor pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

------

<u>[Exhibit 33.1](exhibit331.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of Comenity Bank.

<u>[Exhibit 33.2](exhibit332.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of Comenity Servicing LLC.

<u>[Exhibit 33.3](exhibit333.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of U.S. Bank National Association.

<u>[Exhibit 34.1](exhibit341.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of Deloitte & Touche LLP on behalf of Comenity Bank.

<u>[Exhibit 34.2](exhibit342.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of Deloitte & Touche LLP on behalf of Comenity Servicing LLC.

<u>[Exhibit 34.3](exhibit343.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of Ernst & Young LLP on behalf of U.S. Bank National Association.

<u>[Exhibit 35.1](exhibit351.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Servicing Compliance Statement of Comenity Bank.

<u>[Exhibit 35.2](exhibit352.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Servicing Compliance Statement of Comenity Servicing LLC.

&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;See (a)(3) above for a list of exhibits filed in response to Item 601 of Regulation S-K.

&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;None.

**Item 16. Form 10-K Summary.**

Not applicable.

------

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 19, 2026

---

| |
|:---|
| <br>WFN CREDIT COMPANY, LLC, as Depositor  |
| <br>By: <u>/s/ Baron Schlachter</u> |
| Name:&nbsp;&nbsp;&nbsp;&nbsp; Baron Schlachter<br>Title: &nbsp;&nbsp;&nbsp;&nbsp;President & Chief Executive Officer, and as the senior officer in charge of securitization |

---

**Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act.**

No annual report or proxy materials have been sent to security holders and no such report or proxy materials are to be furnished to security holders subsequent to the filing of this Annual Report on Form 10-K.

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION**

I, Baron Schlachter, President and Chief Executive Officer of WFN Credit Company, LLC, certify that:

1.&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form 10-K, and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of World Financial Network Credit Card Master Note Trust (the "Exchange Act periodic reports");

2.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;

4.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge and the servicer compliance statements required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreements in all material respects; and

5.&nbsp;&nbsp;&nbsp;&nbsp;All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d- 18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: U.S. Bank National Association, and Citicorp Trust Delaware, National Association.

March 19, 2026

<u>/s/ Baron Schlachter</u>

Name: Baron Schlachter

Title: President and Chief Executive Officer, and as the senior officer in charge of securitization of the depositor

## Exhibit 33.1

**Exhibit 33.1**

COMENITY BANK

<u>Management's Report on Assessment of Compliance</u>

<u>with SEC Regulation AB Servicing Criteria</u>

1.&nbsp;&nbsp;&nbsp;&nbsp;Management of Comenity Bank (the "Bank") is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the 12-month period ending December 31, 2025 (the "Reporting Period"), as set forth in Appendix A hereto. Appendix B identifies the transactions covered by this report and includes asset-backed securities transactions sponsored by the Bank for which the Bank acted as servicer involving credit card receivables, accounts receivable and asset based lending receivables (the "Platform");

2.&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth in paragraph 3 below, the Bank used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria;

3.&nbsp;&nbsp;&nbsp;&nbsp;The criteria listed in the column titled "Inapplicable Servicing Criteria" on Appendix A hereto are inapplicable to the Bank based on the activities it performs with respect to the Platform;

4.&nbsp;&nbsp;&nbsp;&nbsp;The Bank has complied, in all material respects, with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;

5.&nbsp;&nbsp;&nbsp;&nbsp;The Bank has not identified and is not aware of any material instance of noncompliance with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;

6.&nbsp;&nbsp;&nbsp;&nbsp;Deloitte & Touche LLP, a registered public accounting firm, has issued an attestation report on the Bank's assessment of compliance with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period.

March 19, 2026

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

COMENITY BANK

By: <u>/s/ Tom McGuire</u>

Name: Tom McGuire<br>Title: Chief Financial Officer

------

&nbsp;&nbsp;&nbsp;&nbsp;

APPENDIX A<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Bank** | **Performed by<br>Vendor(s) for which the Bank is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| | **General Servicing Considerations** | | | |
| 1122(d)(1)(i) | &nbsp;&nbsp;Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | **X** |  |  |
| 1122(d)(1)(ii) | &nbsp;&nbsp;If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. | **X** |  |  |
| 1122(d)(1)(iii) | &nbsp;&nbsp;Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. |  |  | **X** |
| 1122(d)(1)(iv) | &nbsp;&nbsp;A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | **X** |  |  |
| 1122(d)(1)(v) | &nbsp;&nbsp;Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. |  |  | **X** |
|  | **Cash Collection and Administration** |  |  |  |
| 1122(d)(2)(i) | &nbsp;&nbsp;Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(2)(ii) | &nbsp;&nbsp;Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. |  |  | **X** |
| 1122(d)(2)(iii) | &nbsp;&nbsp;Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. |  |  | **X** |
| 1122(d)(2)(iv) | &nbsp;&nbsp;The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | **X** |  |  |
| 1122(d)(2)(v) | &nbsp;&nbsp;Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | **X** |  |  |
| 1122(d)(2)(vi) | &nbsp;&nbsp;Unissued checks are safeguarded so as to prevent unauthorized access. |  |  | **X** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Bank** | **Performed by<br>Vendor(s) for which the Bank is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| 1122(d)(2)(vii) | &nbsp;&nbsp;Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. |  |  | **X** |
|  | **Investor Remittances and Reporting** |  |  |  |
| 1122(d)(3)(i) | &nbsp;&nbsp;Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. |  |  | **X** |
| 1122(d)(3)(ii) | &nbsp;&nbsp;Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. |  |  | **X** |
| 1122(d)(3)(iii) | &nbsp;&nbsp;Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(3)(iv) | &nbsp;&nbsp;Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. |  |  | **X** |
|  | **Pool Asset Administration** |  |  |  |
| 1122(d)(4)(i) | &nbsp;&nbsp;Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset loan documents. |  |  | **X** |
| 1122(d)(4)(ii) | &nbsp;&nbsp;Pool asset and related documents are safeguarded as required by the transaction agreements. | **X** |  |  |
| 1122(d)(4)(iii) | &nbsp;&nbsp;Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | **X** |  |  |
| 1122(d)(4)(iv) | &nbsp;&nbsp;Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. |  |  | **X** |
| 1122(d)(4)(v) | &nbsp;&nbsp;The Servicer's records regarding the pool assets agree with the Servicer's records with respect to an obligor's unpaid principal balance. |  |  | **X** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Bank** | **Performed by<br>Vendor(s) for which the Bank is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| 1122(d)(4)(vi) | &nbsp;&nbsp;Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. |  |  | **X** |
| 1122(d)(4)(vii) | &nbsp;&nbsp;Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | **X** |  |  |
| 1122(d)(4)(viii) | &nbsp;&nbsp;Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). |  |  | **X** |
| 1122(d)(4)(ix) | &nbsp;&nbsp;Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. |  |  | **X** |
| 1122(d)(4)(x) | &nbsp;&nbsp;Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(4)(xi) | &nbsp;&nbsp;Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(4)(xii) | &nbsp;&nbsp;Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  |  | **X** |
| 1122(d)(4)(xiii) | &nbsp;&nbsp;Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(4)(xiv) | &nbsp;&nbsp;Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. |  |  | **X** |
| 1122(d)(4)(xv) | &nbsp;&nbsp;Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. |  |  | **X** |

---

------

APPENDIX B

World Financial Network Credit Card Master Note Trust, Series 2009-VFN

World Financial Network Credit Card Master Trust III, Series 2009-VFC1<sup>1</sup>

World Financial Network Credit Card Master Note Trust, Series 2023-A

World Financial Network Credit Card Master Note Trust, Series 2024-A

World Financial Network Credit Card Master Note Trust, Series 2024-B

<sup>1</sup> This series was retired on June 16, 2025 and is no longer outstanding as of December 31, 2025.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 33.2

**EXHIBIT 33.2**

COMENITY SERVICING LLC

<u>Management's Report on Assessment of Compliance</u>

<u>with SEC Regulation AB Servicing Criteria</u>

1.&nbsp;&nbsp;&nbsp;&nbsp;Management of Comenity Servicing LLC (the "Company") is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the 12-month period ending December 31, 2025 (the "Reporting Period"), as set forth in Appendix A hereto. Appendix B identifies the transactions covered by this report and includes asset-backed securities transactions sponsored by Comenity Bank for which the Company acted as servicer involving credit card receivables, accounts receivable and asset based lending receivables, and excludes asset-backed securities transactions sponsored by Comenity Capital Bank, an affiliate of Comenity Bank (the "Platform");

2.&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth in paragraph 3 below, the Company used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria;

3.&nbsp;&nbsp;&nbsp;&nbsp;The criteria listed in the column titled "Inapplicable Servicing Criteria" on Appendix A hereto are inapplicable to the Company based on the activities it performs with respect to the Platform;

4.&nbsp;&nbsp;&nbsp;&nbsp;The Company has complied, in all material respects, with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;

5.&nbsp;&nbsp;&nbsp;&nbsp;The Company has not identified and is not aware of any material instance of noncompliance with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;

6.&nbsp;&nbsp;&nbsp;&nbsp;Deloitte & Touche LLP, a registered public accounting firm, has issued an attestation report on the Company's assessment of compliance with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period.

March 19, 2026

------

COMENITY SERVICING LLC

By: <u>/s/ Tammy McConnaughey</u>

Name: Tammy McConnaughey

Title: President

*Management Assertion*

------

APPENDIX A<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Company** | **Performed by<br>Vendor(s) for which the Company is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| | **General Servicing Considerations** | | | |
| 1122(d)(1)(i) | &nbsp;&nbsp;Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. |  |  | **X** |
| 1122(d)(1)(ii) | &nbsp;&nbsp;If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. |  |  | **X** |
| 1122(d)(1)(iii) | &nbsp;&nbsp;Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. |  |  | **X** |
| 1122(d)(1)(iv) | &nbsp;&nbsp;A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | **X** |  |  |
| 1122(d)(1)(v) | &nbsp;&nbsp;Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. | **X** |  |  |
|  | **Cash Collection and Administration** |  |  |  |
| 1122(d)(2)(i) | &nbsp;&nbsp;Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements. | **X** |  |  |
| 1122(d)(2)(ii) | &nbsp;&nbsp;Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. | **X** |  |  |
| 1122(d)(2)(iii) | &nbsp;&nbsp;Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. |  |  | **X** |
| 1122(d)(2)(iv) | &nbsp;&nbsp;The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. |  |  | **X** |
| 1122(d)(2)(v) | &nbsp;&nbsp;Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. |  |  | **X** |
| 1122(d)(2)(vi) | &nbsp;&nbsp;Unissued checks are safeguarded so as to prevent unauthorized access. |  |  | **X** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Company** | **Performed by<br>Vendor(s) for which the Company is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| 1122(d)(2)(vii) | &nbsp;&nbsp;Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | **X** |  |  |
|  | **Investor Remittances and Reporting** |  |  |  |
| 1122(d)(3)(i) | &nbsp;&nbsp;Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. | **X<sup>1</sup>** |  |  |
| 1122(d)(3)(ii) | &nbsp;&nbsp;Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | **X** |  |  |
| 1122(d)(3)(iii) | &nbsp;&nbsp;Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(3)(iv) | &nbsp;&nbsp;Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | **X** |  |  |
|  | **Pool Asset Administration** |  |  |  |
| 1122(d)(4)(i) | &nbsp;&nbsp;Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset loan documents. |  |  | **X** |
| 1122(d)(4)(ii) | &nbsp;&nbsp;Pool asset and related documents are safeguarded as required by the transaction agreements. | **X** |  |  |
| 1122(d)(4)(iii) | &nbsp;&nbsp;Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. |  |  | **X** |

---

<sup>1</sup> Servicing criterion 1122(d)(3)(i) is applicable to the activities the Company performs with respect to the Platform only as it relates to the Company's obligation to perform the activities described in clauses (A) through (C) thereof. Clause (D) of servicing criterion 1122(d)(3)(i) is not applicable to the activities performed by the Company because neither investors nor the Trustee maintain records as to the total unpaid principal balance and number of pool assets serviced by the Company other than the investor reports.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Company** | **Performed by<br>Vendor(s) for which the Company is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| 1122(d)(4)(iv) | &nbsp;&nbsp;Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. | **X** |  |  |
| 1122(d)(4)(v) | &nbsp;&nbsp;The Servicer's records regarding the pool assets agree with the Servicer's records with respect to an obligor's unpaid principal balance. | **X** |  |  |
| 1122(d)(4)(vi) | &nbsp;&nbsp;Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | **X** |  |  |
| 1122(d)(4)(vii) | &nbsp;&nbsp;Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | **X** |  |  |
| 1122(d)(4)(viii) | &nbsp;&nbsp;Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). | **X** |  |  |
| 1122(d)(4)(ix) | &nbsp;&nbsp;Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. | **X** |  |  |
| 1122(d)(4)(x) | &nbsp;&nbsp;Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(4)(xi) | &nbsp;&nbsp;Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  |  | **X** |
| 1122(d)(4)(xii) | &nbsp;&nbsp;Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  |  | **X** |
| 1122(d)(4)(xiii) | &nbsp;&nbsp;Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. |  |  | **X** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SERVICING CRITERIA** | **SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | **APPLICABLE <br>SERVICING CRITERIA** | |
| **Reference** | **Criteria** | **Performed**<br>**Directly<br>by<br>the Company** | **Performed by<br>Vendor(s) for which the Company is the Responsible Party** | **INAPPLICABLE SERVICING CRITERIA** |
| 1122(d)(4)(xiv) | &nbsp;&nbsp;Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. | **X** |  |  |
| 1122(d)(4)(xv) | &nbsp;&nbsp;Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. | **X** |  |  |

---

------

APPENDIX B

World Financial Network Credit Card Master Note Trust, Series 2009-VFN

World Financial Network Credit Card Master Trust III, Series 2009-VFC1<sup>2</sup>

World Financial Network Credit Card Master Note Trust, Series 2023-A

World Financial Network Credit Card Master Note Trust, Series 2024-A

World Financial Network Credit Card Master Note Trust, Series 2024-B

 

<sup>2</sup> This series was retired on June 16, 2025 and is no longer outstanding as of December 31, 2025.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 33.3

**Exhibit 33.3**

Management's Assertion

Report on Assessment of Compliance with Applicable Servicing Criteria

Management of U.S. Bank National Association and U.S. Bank Trust Company, National Association (collectively "U.S. Bank") is responsible for assessing compliance as of and for the year ended December 31, 2025, with the servicing criteria set forth in Item 1122 (d) of Regulation AB applicable to it as set forth on Exhibit A hereto. This report covers asset backed securities transactions within the **U.S. Bank Corporate Trust Asset-Backed Securities Platform**<sup>1</sup> **(the "Platform")**

U.S. Bank hereby provides the following report on its assessment of compliance with the servicing criteria set forth in Item 1122 of Regulation AB applicable to it and as described on Exhibit A hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;U.S. Bank is responsible for assessing its compliance with the servicing criteria applicable to it as noted on the accompanying Exhibit A;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth in paragraph 3 below, U.S. Bank used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess its compliance with the applicable servicing criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;The criteria listed in the column titled "Inapplicable Servicing Criteria" on Exhibit A hereto are inapplicable to U.S. Bank based on the servicing activities it performs directly with respect to the Platform;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;U.S. Bank has complied, in all material respects, with the applicable servicing criteria as of and for the year ended December 31, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;Ernst & Young, LLP, a registered public accounting firm, has issued an attestation report on U.S. Bank's assessment of compliance with the applicable servicing criteria as of and for the year ended December 31, 2025.

______________________

<sup>1</sup> The U.S. Bank Corporate Trust Asset-Backed Securities Platform (the "Platform") consists of the activities involved in the performance of servicing functions for which the Company provides trustee, securities administration, registrar and paying agent services for (i) publicly issued asset-backed and mortgage-backed transactions the securities of which were offered on or after January 1, 2006 and (ii) certain asset-backed transactions for which the Issuer has voluntarily elected to make Regulation AB compliant filings under the Securities Exchange Act of 1934, as amended.

Corporate Trust ABS Platform (A)

------

U.S. BANK NATIONAL ASSOCIATION

<u>/s/ Joe Nardi</u>

Name: Joe Nardi

Title: Executive Vice President

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION

<u>/s/ Joe Nardi</u>

Name: Joe Nardi

Title: Executive Vice President

Dated: February 26, 2026

Corporate Trust ABS Platform (A)

------

**EXHIBIT A to Management's Assertion**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Reference** | **Servicing Criteria** | **Applicable Servicing Criteria** | **Inapplicable Servicing Criteria** |
| <br>**General Servicing Considerations** | <br>**General Servicing Considerations** | <br>**General Servicing Considerations** | <br>**General Servicing Considerations** |
| &nbsp;&nbsp;1122(d)(1)(i) | &nbsp;&nbsp;Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | **X** |  |
| &nbsp;&nbsp;1122(d)(1)(ii) | &nbsp;&nbsp;If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. | <br>**X**<sup>2</sup> |  |
| &nbsp;&nbsp;1122(d)(1)(iii) | &nbsp;&nbsp;Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are maintained. |  | **X** |
| &nbsp;&nbsp;1122(d)(1)(iv) | &nbsp;&nbsp;A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | **X** |  |
| &nbsp;&nbsp;<br>1122(d)(1)(v) | &nbsp;&nbsp;<br>Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. | <br>**X**<sup>3</sup> |  |
| <br>**Cash Collection and Administration** | <br>**Cash Collection and Administration** | <br>**Cash Collection and Administration** | <br>**Cash Collection and Administration** |
| &nbsp;&nbsp;1122(d)(2)(i) | &nbsp;&nbsp;Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. | **X** |  |
| &nbsp;&nbsp;<br>1122(d)(2)(ii) | &nbsp;&nbsp;<br>Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. | <br>**X** |  |
| &nbsp;&nbsp;<br>1122(d)(2)(iii) | &nbsp;&nbsp;<br>Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. | <br>**X**<sup>4</sup> |  |
| &nbsp;&nbsp;1122(d)(2)(iv) | &nbsp;&nbsp;The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | **X** |  |
| &nbsp;&nbsp;1122(d)(2)(v) | &nbsp;&nbsp;Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | **X** |  |
| &nbsp;&nbsp;1122(d)(2)(vi) | &nbsp;&nbsp;Unissued checks are safeguarded so as to prevent unauthorized access. | **X** |  |

---

______________________

<sup>2</sup> No servicing activities were performed by the Company that required the servicing criteria to be complied with.

<sup>3</sup> No servicing activities were performed by the Company that required the servicing criteria to be complied with.

<sup>4</sup> No servicing activities were performed by the Company that required the servicing criteria to be complied with.

Corporate Trust ABS Platform (A)

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Reference** | **Servicing Criteria** | **Applicable Servicing Criteria** | **Inapplicable Servicing Criteria** |
| &nbsp;&nbsp;<br>1122(d)(2)(vii) | &nbsp;&nbsp;<br>Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | **X** |  |
| <br>**Investor Remittances and Reporting** | <br>**Investor Remittances and Reporting** | <br>**Investor Remittances and Reporting** | <br>**Investor Remittances and Reporting** |
| &nbsp;&nbsp;1122(d)(3)(i) | &nbsp;&nbsp;Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of Pool Assets serviced by the Servicer. | **X** |  |
| &nbsp;&nbsp;<br>1122(d)(3)(ii) | &nbsp;&nbsp;<br>Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | **X** |  |
| &nbsp;&nbsp;<br>1122(d)(3)(iii) | &nbsp;&nbsp;<br>Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements. | **X** |  |
| &nbsp;&nbsp;1122(d)(3)(iv) | &nbsp;&nbsp;Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | **X** |  |
| <br>**Pool Asset Administration** | <br>**Pool Asset Administration** | <br>**Pool Asset Administration** | <br>**Pool Asset Administration** |
| &nbsp;&nbsp;1122(d)(4)(i) | &nbsp;&nbsp;Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. |  | **X** |
| &nbsp;&nbsp;1122(d)(4)(ii) | &nbsp;&nbsp;Pool assets and related documents are safeguarded as required by the transaction agreements. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(iii) | &nbsp;&nbsp;<br>Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | **X** |  |
| &nbsp;&nbsp;1122(d)(4)(iv) | &nbsp;&nbsp;Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. |  | **X** |

---

Corporate Trust ABS Platform (A)

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Reference** | **Servicing Criteria** | **Applicable Servicing Criteria** | **Inapplicable Servicing Criteria** |
| &nbsp;&nbsp;<br>1122(d)(4)(v) | &nbsp;&nbsp;<br>The Servicer's records regarding the pool assets agree with the Servicer's records with respect to an obligor's unpaid principal balance. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(vi) | &nbsp;&nbsp;<br>Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(vii) | &nbsp;&nbsp;<br>Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(viii) | &nbsp;&nbsp;<br>Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(ix) | &nbsp;&nbsp;<br>Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(x) | &nbsp;&nbsp;<br>Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(xi) | &nbsp;&nbsp;<br>Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(xii) | &nbsp;&nbsp;<br>Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(xiii) | &nbsp;&nbsp;Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction agreements. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(xiv) | &nbsp;&nbsp;Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. |  | **X** |
| &nbsp;&nbsp;<br>1122(d)(4)(xv) | &nbsp;&nbsp;<br>Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. | **X** |  |

---

Corporate Trust ABS Platform (A)

## Exhibit 34.1

**Exhibit 34.1**

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors of

Comenity Bank:

We have examined management of Comenity Bank's assertion, included in the accompanying Management's Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, that Comenity Bank (the "Bank") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the asset-backed securities transactions sponsored by the Bank for which the Bank acted as a servicer involving credit card receivables, accounts receivables and asset based lending receivables (the "Platform"), excluding criteria 1122 (d)(1)(iii), (d)(1)(v), (d)(2)(i), (d)(2)(ii), (d)(2)(iii), (d)(2)(vi), (d)(2)(vii), (d)(3)(i), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(i), (d)(4)(iv), (d)(4)(v), (d)(4)(vi), (d)(4)(viii), (d)(4)(ix), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), (d)(4)(xiv), and (d)(4)(xv) (the "servicing criteria") described in Appendix A to the accompanying Management's Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, as of and for the year ended December 31, 2025, which management has determined are not applicable to the activities performed by the Bank with respect to the Platform. Appendix B to management's assertion identifies the individual asset-backed transactions defined by management as constituting the Platform. Management is responsible for the Bank's compliance with the servicing criteria and its assertion. Our responsibility is to express an opinion on management's assertion about the Bank's compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the servicing criteria is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about management's assertion on compliance with the servicing criteria. The nature, timing and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatement of management's assertion on compliance with the servicing criteria, whether due to error or fraud, and, accordingly, included examining, on a test basis, evidence about the Bank's compliance with the servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Bank performed those selected activities in compliance with the servicing criteria during the specified period, and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Bank during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by the Bank during the period covered by this report. We believe that the evidence we obtained in our examination is sufficient and appropriate to provide a reasonable basis for our opinion.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.

Our examination does not provide a legal determination on the Bank's compliance with the servicing criteria.

In our opinion, management's assertion that the Bank complied with the servicing criteria as of and for the year ended December 31, 2025, is fairly stated, in all material respects.

DELOITTE & TOUCHE LLP

/s/ Deloitte & Touche LLP

March 19, 2026

## Exhibit 34.2

**Exhibit 34.2**

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors of

Comenity Servicing LLC:

We have examined management of Comenity Servicing LLC's assertion, included in the accompanying Management's Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, that Comenity Servicing LLC (the "Company") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the asset-backed securities transactions sponsored by Comenity Bank for which the Company acted as a servicer involving credit card receivables, accounts receivables and asset based lending receivables, and excludes asset backed securities transactions sponsored by Comenity Capital Bank, an affiliate of Comenity Bank (the "Platform"), excluding criteria 1122 (d)(1)(i), (d)(1)(ii), (d)(1)(iii), (d)(2)(iii), (d)(2)(iv), (d)(2)(v), (d)(2)(vi), (d)(3)(i.D), (d)(3)(iii), (d)(4)(i), (d)(4)(iii), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), and (d)(4)(xiii) (the "servicing criteria") described in Appendix A to the accompanying Management's Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, as of and for the year ended December 31, 2025, which management has determined are not applicable to the activities performed by the Company with respect to the Platform. Appendix B to management's assertion identifies the individual asset-backed transactions defined by management as constituting the Platform. Management is responsible for the Company's compliance with the servicing criteria and its assertion. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the servicing criteria is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about management's assertion on compliance with the servicing criteria. The nature, timing and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatement of management's assertion on compliance with the servicing criteria, whether due to error or fraud, and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Company performed those selected activities in compliance with the servicing criteria during the specified period, and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Company during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that the evidence we obtained in our examination is sufficient and appropriate to provide a reasonable basis for our opinion.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.

Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

In our opinion, management's assertion that the Company complied with the servicing criteria as of and for the year ended December 31, 2025, is fairly stated, in all material respects.

DELOITTE & TOUCHE LLP

/s/ Deloitte & Touche LLP

March 19, 2026

## Exhibit 34.3

**Exhibit 34.3**

**Report of Independent Registered Public Accounting Firm**

The Board of Directors

U.S. Bank National Association and U.S. Bank Trust Company, National Association

We have examined management's assertion, included in the accompanying Report on Assessment of Compliance with Applicable Servicing Criteria, that U.S. Bank National Association and U.S. Bank Trust Company, National Association (collectively, the "Company") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the U.S. Bank Corporate Trust Asset-Backed Securities Platform (the "Platform"), for which the Company provides trustee, securities administration, registrar and paying agent services, as of and for the year ended December 31, 2025, except for servicing criteria Items 1122(d)(1)(iii), 1122(d)(4)(i)-(ii), and 1122(d)(4)(iv)-(xiv), which the Company has determined are not applicable to the activities it performs with respect to the servicing platform covered by this report. Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset-backed transactions and securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. Although the Company is responsible for assessing compliance with Items 1122(d)(1)(ii), 1122(d)(1)(v), and 1122(d)(2)(iii) of Regulation AB, there were no servicing activities performed by the Company during the year ended December 31, 2024 that required these servicing criteria to be complied with. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our examination engagement.

Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

In our opinion, management's assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2025, for the U.S. Bank Corporate Trust Asset-Backed Securities Platform is fairly stated, in all material respects.

/s/ Ernst & Young LLP

Minneapolis, Minnesota

February 26, 2026

## Exhibit 35.1

**Exhibit 35.1**

**ANNUAL COMPLIANCE CERTIFICATE** 

Comenity Bank (the "Servicer") hereby certifies as of December 31, 2025 as follows:

1.&nbsp;&nbsp;&nbsp;&nbsp;The undersigned has reviewed, for the period beginning January 1, 2025 and ending December 31, 2025: (a) the activities of the Servicer as they related to the Second Amended and Restated Pooling and Servicing Agreement, dated as of August 1, 2001 (as amended and supplemented from time to time, the "<u>Servicing Agreement</u>"), among WFN Credit Company, LLC, the Servicer and U.S. Bank National Association, as trustee; and (b) the Servicer's performance under the Servicing Agreement. Such review of the activities of the Servicer and the performance by the Servicer of its obligations under the Servicing Agreement has been made by persons under the direct supervision of the undersigned.

2.&nbsp;&nbsp;&nbsp;&nbsp;To the best knowledge of the undersigned, based on such review, the Servicer has fulfilled all of its obligations under the Servicing Agreement in all material respects for the period beginning January 1, 2025 and ending December 31, 2025.

This report is delivered pursuant to Item 1123 of Regulation AB.

COMENITY BANK

<u>/s/ Tom McGuire</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;Tom McGuire

Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer

## Exhibit 35.2

**Exhibit 35.2**

**ANNUAL COMPLIANCE CERTIFICATE**

Comenity Servicing LLC (the "Servicer") hereby certifies as of December 31, 2025 as follows:

1.&nbsp;&nbsp;&nbsp;&nbsp;The undersigned has reviewed, for the period beginning January 1, 2025 and ending December 31, 2025: (a) the activities of the Servicer as they related to (i) the Sixth Amended and Restated Service Agreement, dated as of January 1, 2025 (as amended and supplemented from time to time, the "<u>Service Agreement</u>"), and (ii) the Service Agreement, dated as of April 1, 2025 (as amended and supplemented from time to time, the "<u>Limited Service Agreement</u>" and, together with the Service Agreement, collectively, the "<u>Servicing Agreement</u>"), each between the Servicer and Comenity Bank; and (b) the Servicer's performance under the Servicing Agreement. Such review of the activities of the Servicer and the performance by the Servicer of its obligations under the Servicing Agreement has been made by persons under the direct supervision of the undersigned.

2.&nbsp;&nbsp;&nbsp;&nbsp;To the best knowledge of the undersigned, based on such review, the Servicer has fulfilled all of its obligations under the Servicing Agreement in all material respects for the period beginning January 1, 2025 and ending December 31, 2025.

This report is delivered pursuant to Item 1123 of Regulation AB.

COMENITY SERVICING LLC

By: <u>/s/ Tammy McConnaughey</u>

Name: Tammy McConnaughey

Title: President

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