WF Card Funding LLC has announced that it expects to issue its Class A(2026-2) Notes on November 12, 2026. This issuance is a significant event for the company and the asset-backed securities sector, highlighting the ongoing demand for credit card-backed securities.

WF Card Funding LLC is classified under the Standard Industrial Classification (SIC) code 6189, which pertains to asset-backed securities. The company operates as a limited liability company and is based in Charlotte, North Carolina. It has a filing history that includes various forms related to its operations, with the most recent being the 8-K filed on November 9, 2026, and a 424B5 filed on the same day.

The recent filing states, "On November 12, 2026, the WF Card Issuance Trust expects to issue its Class A(2026-2) Notes." This announcement is part of the company's ongoing efforts to manage its asset-backed securities portfolio effectively.

This issuance may affect various stakeholders, including investors looking for opportunities in the asset-backed securities market and financial institutions that engage in the underwriting and servicing of such securities.

The filing does not say what happens next.

In the filing, it is noted that the Class A(2026-2) Notes will be issued under an Indenture that dates back to November 14, 2023. This Indenture is a crucial document that governs the terms of the notes and outlines the responsibilities of the parties involved, including the Issuing Entity, the Indenture Trustee, and the Servicer, Wells Fargo Bank, National Association.

The filing also highlights that Wells Fargo Securities, LLC will act as the underwriter for the Class A(2026-2) Notes, indicating a strong partnership with a well-established financial institution. The underwriting process will include a public offering of the notes, which is expected to take place shortly after the registration statement becomes effective.

Additionally, the filing mentions that the primary assets backing the Class A(2026-2) Notes will consist of receivables from a portfolio of unsecured consumer revolving credit card accounts. These receivables are critical as they will provide the cash flow necessary to service the notes, thereby impacting their performance and the overall attractiveness to investors.

Furthermore, the filing indicates that the Issuing Entity will be subject to oversight by an Asset Representations Reviewer, Clayton Fixed Income Services LLC, to ensure compliance with representations and warranties made regarding the receivables. This adds a layer of assurance for investors regarding the quality of the underlying assets.

While the filing provides detailed information about the structure and terms of the upcoming issuance, it does not specify the anticipated volume of the Class A(2026-2) Notes or any specific financial projections related to the performance of these notes post-issuance.