On the sidelines since 1999, WFN Credit Company is looking to tap the ABS market sometime this summer, with a deal backed by private-label credit card accounts from approximately 50 different retail clients, for store purchases including softgoods, lumber, furniture and electronics.

WFN, which plans to tap the market on a yearly basis, has chosen J.P. Morgan Chase for lead manager. The deal is expected to be worth approximately $500 million, and will be structured as three classes of floating-rate notes, according to a filing with the Securities & Exchange Commission.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.