Verizon ABS II LLC Announces Series 2026‑3 Asset‑Backed Notes Offering

What Happened
Verizon ABS II LLC (the Trust) filed an 8‑K reporting that on September 15, 2026 it entered into an Underwriting Agreement with BofA Securities, SMBC Nikko Securities America, Truist Securities and U.S. Bancorp Investments (as representatives). The Trust expects to issue Series 2026‑3 asset‑backed notes on or about the Closing Date, September 22, 2026, under an Indenture with U.S. Bank Trust Company, N.A. and related account control arrangements with U.S. Bank National Association.

Key Details

• Total initial note balances equal $1,000,000,000, issued as: Class A‑1a $826,008,000; Class A‑1b $65,000,000; Class B $68,120,000; Class C $40,872,000.
• Underwriting Agreement dated Sept 15, 2026 (filed as Exhibit 1.1).
• Indenture (to be dated Sept 22, 2026) names U.S. Bank Trust Company, N.A. as indenture trustee and note paying agent (filed as Exhibit 4.2).
• Series 2026‑3 Account Control Agreement (filed as Exhibit 10.7) will grant “control” of certain accounts to the indenture trustee on behalf of noteholders. Depositor certification required by Form SF‑3 is filed as Exhibit 36.1.

Why It Matters
This 8‑K documents a planned $1.0 billion securitization offering that will create new classes of asset‑backed notes secured by the Trust’s receivables and governed by the indenture and account control agreement. For investors, the filing signals a capital markets transaction that funds receivables via structured securities; the legal agreements and trustee arrangements define the security and payment mechanics for noteholders.