WFN CREDIT CO LLC Reports Servicer Change After Bank Merger

What Happened

• WFN Credit Co LLC filed an 8-K disclosing that, effective October 1, 2026, Comenity Capital Bank (CCB) entered into a Seventh Amended and Restated Service Agreement with Comenity Servicing LLC (CSERV) and a related First Amendment (copies filed as Exhibits 99.1 and 99.2).
• Also effective October 1, 2026, Comenity Bank (formerly World Financial Network Bank) merged into CCB, and CCB assumed all rights, duties and obligations of Comenity Bank as servicer for the World Financial Network Credit Card Master Trust and World Financial Network Credit Card Master Note Trust under the existing Pooling and Servicing Agreement and Transfer and Servicing Agreement.

Key Details

• Effective date: October 1, 2026 (agreement executed Sept. 23, 2026; became effective Oct. 1, 2026).
• Servicer transition: Comenity Bank had serviced the Trusts since Jan. 17, 1996; those servicing responsibilities now rest with CCB.
• CCB status: Utah industrial bank, FDIC-insured, HQ in Draper, UT; an indirect wholly‑owned subsidiary of Bread Financial Holdings and confirmed as an Eligible Servicer under the Trust agreements.
• Servicer duties include originating accounts, collecting and charging off receivables, maintaining collection and excess funding accounts, preparing reports/servicer certificates, making SEC filings for the Trusts, and paying Trust-related expenses.

Why It Matters

• The filing documents a formal, effective transfer of servicing responsibilities to CCB following a bank merger and updates the servicing agreements that govern the Trusts. For investors, this signals continuity of servicing under a bank (CCB) that is an approved servicer and remains subject to supervision by the FDIC, Utah regulators and the CFPB.
• Key operational and reporting duties for the Master Trust and Note Trust — including collections, reporting to the trustee and SEC filings — will be performed by CCB (and CSERV under the amended service agreement), which is material to holders of the Trust notes and other interested investors.