Verizon ABS II LLC Issues $1B Asset-Backed Notes (Series 2026-3)

What Happened
Verizon ABS II LLC (through the Verizon Master Trust) announced the issuance of $1.0 billion of asset-backed notes on the closing date of September 22, 2026, as described in the final prospectus dated September 15, 2026. The Trust issued four classes of notes: Class A-1a ($826,008,000), Class A-1b ($65,000,000), Class B ($68,120,000) and Class C ($40,872,000). Executed copies of the Indenture (between the Trust and U.S. Bank Trust Company, National Association, as indenture trustee and note paying agent) and the Series 2026-3 Account Control Agreement were filed with the 8-K.

Key Details

• Closing date: September 22, 2026; final prospectus dated September 15, 2026.
• Total initial note balance: $1,000,000,000 (A-1a $826,008,000; A-1b $65,000,000; B $68,120,000; C $40,872,000).
• Indenture trustee and note paying agent: U.S. Bank Trust Company, National Association.
• Series 2026-3 Account Control Agreement: between the Trust (grantor), U.S. Bank Trust Company (secured party) and U.S. Bank National Association (financial institution).

Why It Matters
This 8-K reports a material financing transaction: the Trust raised $1.0 billion through asset-backed securities secured by receivables in the trust. For investors, the filing documents the legal agreements governing the new notes (indenture and account control agreement) and provides the exact sizes and classes of the securities. The issuance affects the Trust’s capital structure and is relevant to holders or followers of Verizon-related securitizations and credit investors tracking such asset-backed issuances.