Comenity Bank has upsized and priced $325 million of senior securities backed by credit card receivables from its World Financial Network Credit Card Master Note Trust.

The issuer originally sized the offering at $250 million. 

The notes, structured with a weighted average life of 2.5 years and rated triple-A by Standard & Poor’s, DBRS and Fitch Ratings, priced at a spread of 42 basis points over interpolated swaps curve.

JP Morgan, Bank of America Merrill Lynch and Mizuho Securities managed the deal.

This is the third series of notes to be issued from the trust this year. The previous deal, Series 2014-B, sold $300 million of senior, triple-A-rated, one-year notes at 28 basis points over the eurodollar synthetic forward curve.

The series 2014-B notes, totaling $394.74 million, are backed by a pool of receivables from Comenity’s private-label, revolving credit card accounts generated through private-label programs with multiple retailers. 

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