UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 1321, 2022

Commission File Number of depositor: 333-228394-02
Central Index Key Number of depositor: 0001551964

BARCLAYS DRYROCK FUNDING LLC

(Exact name of Depositor as specified in its charter)

ON BEHALF OF

Commission File Number of issuing entity: 333-228394
Central Index Key Number of issuing entity: 0001552111

BARCLAYS DRYROCK ISSUANCE TRUST

(Exact Name of Issuing Entity as Specified in Its Charter)

(Issuer of the Notes)

Commission File Number of sponsor: 333-228394-01
Central Index Key Number of sponsor: 0001551423

BARCLAYS BANK DELAWARE

(Exact Name of Sponsor as Specified in Its Charter)

Delaware		45-5441359
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification Number)

100 S. West Street, Office 120, Wilmington, DE 19801 (302) 255-7073
(Address, Including Zip Code, and Telephone Number, Including Area Code, of each Registrant’s Principal Executive Offices)

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

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. o

INFORMATION TO BE INCLUDED IN THE REPORT

Item 1.01

Entry into a Material Definitive Agreement.

~~Barclays~~Issuance Bank Delaware (“BBD”) and Barclays Dryrock Funding LLC (the “Depositor”) entered into an Underwriting Agreement, dated April 13, 2022 (the “Underwriting Agreement”), among Barclays Capital Inc., for itself and as a representative of ~~the several underwriters named therein, BBD and the Depositor, relating to the Class A~~ Series 2022-1 ~~Fixed Rate Asset Backed~~ Notes (the “Offered Notes”) to be issued by Barclays Dryrock Issuance Trust (the “Issuer”) and described in the Prospectus dated April 13, 2022. Subject to the terms and conditions set forth in the Underwriting Agreement, the Depositor agreed to sell to the underwriters identified therein, and each of such underwriters has severally agreed to purchase, the principal amount of Offered Notes set forth opposite its name in Schedule A to the Underwriting Agreement. A copy of the Underwriting Agreement is filed with this Form 8-K as Exhibit 1.1.

~~Item~~On 8April 21, 2022, Barclays Dryrock Issuance Trust (the “Trust”) entered into the Series 2022-1 Indenture Supplement (the “Series 2022-1 Indenture Supplement”), between the Trust and U.01S. Bank ~~Other~~National ~~Events~~Association, as indenture trustee, a copy of which is filed with this Current Report on Form 8-K as Exhibit 4.1, pursuant to which the Trust issued $725,000,000 of Series 2022-1 Class A Asset Backed Notes (the “Class A Notes”) and $159,147,000 of Series 2022-1 Class B Asset Backed Notes (the “Class B Notes”), as described in a Prospectus dated April 13, 2022 (the “Prospectus”).

InUse ~~order to facilitate the issuance~~ of ~~the~~Proceeds ~~Offered~~– ~~Notes (and certain other notes to be retained by the Depositor), the Depositor will cause the Issuer to enter into a~~ Series 2022-1 Indenture Supplement (the “Indenture Supplement”), to be dated on or about April 21, 2022, by and between the Issuer and U.S. Bank National Association, in its capacities as indenture trustee (in such capacity, the “Indenture Trustee”) and as securities intermediary, pursuant to the Amended and Restated Indenture (as amended), by and between the Issuer and the Indenture Trustee, dated as of December 17, 2013. A copy of the form of Indenture Supplement that the Issuer intends to execute is filed with this Form 8-K as Exhibit 4.1.Notes

InThe ~~connection~~public ~~with~~offering ~~the issuance~~ of the ~~Offered~~Class A Notes, ~~the chief~~was ~~executive~~made ~~officer~~under of the registration ~~Depositor~~statement ~~has~~on ~~made~~Form ~~the~~SF-3 ~~certifications~~(File ~~required~~No. by333-228394, ~~Paragraph~~File INo.~~B.1(a)~~ ~~of Form SF~~333-3.228394-01 ~~Such~~and ~~certifications are~~File ~~being~~No. 333-228394-02) filed with ~~this~~the ~~Form~~Securities and ~~8-K~~Exchange asCommission ~~Exhibit~~on ~~36.1~~November in15, ~~order~~2018 toand ~~satisfy~~declared ~~the~~effective ~~requirements~~on ofMay ~~Item~~14, ~~601~~2019 (~~b)(36)~~the of“Registration ~~Regulation S-K~~Statement”).

The ~~registrant~~public isoffering ~~also~~of ~~filing~~the ~~with~~Class ~~this~~A ~~Form~~Notes ~~8-K~~terminated ~~Exhibits~~on April 521, 2022 upon the sale of all of the Class A Notes.1 The depositor retained all of the Class B Notes. The underwriters of the Class A Notes were Barclays Capital Inc., BMO Capital Markets Corp., Scotia Capital (USA) Inc., TD Securities (USA) LLC and 8Wells Fargo Securities, LLC.1 inNo ~~connection~~underwriting ~~with~~discount was paid to the ~~issuance~~underwriters ofwith respect to the ~~Offered~~Class B Notes.

~~Item~~During 9the period from the effective date of the Registration Statement through the date of this report, the amount of expenses incurred in connection with the issuance and distribution of the Class A Notes with respect to underwriting commissions and discounts was $1,812,500.01 After deducting the underwriting commissions and discounts described in the preceding sentence, the net offering proceeds to the Trust before expenses for the Class A Notes are $723,035,395. ~~Financial~~Other expenses, ~~Statements~~including legal fees and ~~Exhibits~~other costs and expenses, are reasonably estimated to be $750,000 and net proceeds to the Trust, after deduction of expenses, are reasonably estimated to be $722,285,395. With respect to the payment of these other expenses and costs, all direct or indirect payments were made to persons other than persons who are (a) directors or officers of the Trust, or (b) owners of 10 percent or more of any class of securities of the Trust.

The net proceeds to Barclays Dryrock Funding LLC, after deducting the underwriting commissions and discounts, and expenses above, were used to purchase credit card receivables from Barclays Bank Delaware (the “Bank”), an affiliate of Barclays Dryrock Funding LLC, and for general corporate purposes of Barclays Dryrock Funding LLC, including, but not limited to, the repayment of amounts owed to the Bank. Except as provided in the previous sentence, none of the proceeds were used for payments to (a) any directors or officers of the Trust or (b) owners of 10 percent or more of any class of securities of the Trust.

Item 9.01.

Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(d) Exhibits: The following ~~are~~is filed as ~~Exhibits~~an Exhibit to this Report:

Exhibit Number	Description
1.1	Series 2022-1 Underwriting Agreement, dated as of April 13, 2022.
4.1	Series 2022-1 Indenture Supplement, dated as of April 21, 2022, between Barclays Dryrock Issuance Trust and U.S. Bank National Association, as indenture trustee
4.1	Form of Series 2022-1 Indenture Supplement, to be dated on or about April 21, 2022.
5.1	Opinion of Mayer Brown LLP with respect to legality of the Offered Notes, dated April 14, 2022.
8.1	Opinion of Mayer Brown LLP with respect to tax matters of the Offered Notes, dated April 14, 2022.
36.1	Depositor Certification for Shelf Offerings of Asset-Backed Securities, dated April 13, 2022 with respect to the Offered Notes.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BARCLAYS DRYROCK FUNDING LLC,
as depositor of Barclays Dryrock Issuance Trust

By: /s/ Danielle Manley
Name: Danielle Manley
Title: President and Chief Executive Officer

April 1326, 2022

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