Verizon ABS II LLC 8-K

What Happened
Verizon ABS II LLC’s Verizon Master Trust and Cellco Partnership d/b/a Verizon Wireless entered an Underwriting Agreement (dated March 5, 2026) to sell Series 2026-1 asset-backed notes. The Trust expects to close on or about March 13, 2026, issuing four classes of notes with a combined initial note balance of $1,650,000,000. Lead representatives for the offering include SMBC Nikko Securities America, Barclays Capital, Citigroup Global Markets and Mizuho Securities USA.

Key Details

• Total initial note balance: $1,650,000,000, split as: Class A-1a $1,102,623,000; Class A-1b $367,541,000; Class B $112,398,000; Class C $67,438,000.
• Underwriting Agreement dated March 5, 2026; expected Closing Date on or about March 13, 2026.
• Indenture to be entered with U.S. Bank Trust Company, National Association as indenture trustee and note paying agent; a Series 2026-1 Account Control Agreement will grant account control to the indenture trustee.
• The filing includes the depositor CEO certification (Exhibit 36.1) required for shelf ABS offerings and files the forms of the Indenture and Account Control Agreement as exhibits.

Why It Matters
This 8-K reports a planned securitization offering by the Verizon Master Trust that will create $1.65 billion of asset-backed securities backed by receivables associated with Verizon Wireless. For retail investors, the filing signals availability of new ABS issued by the trust and documents key legal and administrative arrangements (underwriting, indenture, account control) that govern the notes. This is a funding transaction by the trust/issuer and does not report operating earnings or changes to Verizon Communications’ executive management.