WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST (Form10-D) (0001101215-19-000243)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from November 1, 2019 to November 30, 2019

Commission File Number of issuing entity 333-189182-01, 333-208463 and 333-230197-02

Central Index Key Number of issuing entity: 0001282663

World Financial Network Credit Card Master Note Trust

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-189182, 333-208463-01 and 333-230197

Central Index Key Number of depositor: 0001139552

WFN Credit Company, LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001007254

Comenity Bank

(Exact name of sponsor as specified in its charter)

Cynthia L. Hageman (214) 494-3000

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Delaware	31-1772814
(State or other jurisdiction of incorporation or organization of the issuing entity)	(I.R.S. Employer Identification No.)

One Righter Parkway, Suite 100 Wilmington, Delaware	19803
(Address of principal executive offices of issuing entity)	(Zip Code)

(302) 529-6140

(Telephone number, including area code)

N/A

(Former Name, former address, if changed since last report)


Title of Class	Registered/reporting pursuant to (check one)			Name of exchange (If Section 12(b))
Title of Class	Section 12(b)	Section 12(g)	Section 15(d)	Name of exchange (If Section 12(b))
Series 2015-B, Class A, Class M, Class B, Class C and Class D	£	£	S
Series 2016-A, Class A, Class M, Class B, Class C and Class D	£	£	S
Series 2017-A, Class A, Class M, Class B	£	£	S
Series 2017-C, Class A, Class M, Class B	£	£	S
Series 2018-A, Class A, Class M, Class B	£	£	S
Series 2018-B, Class A, Class M, Class B	£	£	S
Series 2018-C, Class A, Class M, Class B	£	£	S
Series 2019-A, Class A, Class M, Class B	£	£	S
Series 2019-B, Class A, Class M, Class B	£	£	S
Series 2019-C, Class A, Class M, Class B	£	£	S

Indicate by check mark whether the registrant: (1) has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ [Check]

PART I – DISTRIBUTION INFORMATION

Item 1.

Distribution and Pool Performance Information.

The response to Item 1 is set forth herein and in Exhibit 99.1 and the following tables.

A. Composition of the Trust Portfolio

The receivables to be conveyed to the trust have been or will be generated from transactions made by holders
of credit card accounts included in the trust portfolio.

For purposes of the tables below, “Number of Accounts” refers to all accounts in the trust portfolio,
including any accounts that are inactive accounts and zero-balance accounts, which in some cases may be closed accounts that have not yet been removed from the originator’s computer system and from the trust portfolio. The
following information regarding the trust portfolio is as of November 30, 2019. Because the future composition of the trust portfolio will change over time, these tables are not indicative of the composition of the trust
portfolio at any subsequent time.

Composition by Retailer Type

Trust Portfolio

Retailer Type		Percentage of Total Principal Receivables
Soft goods		56.22%
Furniture		22.10%
Jewelry		13.46%
Department Store		7.63%
Other		0.58%
Total⁽¹⁾		100.00%

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⁽¹⁾ Amounts and percentages may not add up to the total due to rounding.

The table immediately below sets forth the retailer groups that have credit card programs, or groups of
credit card programs, that account for more than 7.5% of principal receivables balances in the trust portfolio as of November 30, 2019. Except for the retailer groups listed below, no other retailer group’s credit card
program, or group of credit card programs, accounts for more than 7.5% of the principal receivables in the trust portfolio as of November 30, 2019.

Composition by Retailer Group

Trust Portfolio

(Dollars in Thousands; Accounts in Thousands)

Retailer Group⁽¹⁾	Number of Accounts		Percentage of Total Number of Accounts			Principal Receivables		Percentage of Total Principal Receivables
L Brands, Inc. Retail Group		14,038		22.28	%	$	$1,638,242		21.50	%
Signet Retail Group		2,817		4.47	%		940,599		12.34	%
Ascena Retail Group Inc.		7,322		11.62	%		720,925		9.46	%
Other⁽²⁾		38,835		61.63	%		4,321,030		56.70	%
Total⁽³⁾		63,011		100.00	%	$	$7,620,796		100.00	%

^{________________________________}

⁽¹⁾ Includes each individual retailer in the trust commonly owned by the retailer group.

⁽²⁾Includes retailer groups representing less than 7.5% of the principal receivables in the trust portfolio and individual retailers not
affiliated with a retailer group, irrespective of percentage.

⁽³⁾ Amounts and percentages may not add up to the total due to rounding.

Composition by Individual Retailer

Trust Portfolio

(Dollars in Thousands; Accounts in Thousands)

Retailer	Number of Accounts		Percentage of Total Number of Accounts			Principal Receivables		Percentage of Total Principal Receivables
Victoria's Secret PL		14,005		22.23	%	$	1,636,886		21.48	%
Wayfair PL		1,962		3.11	%		694,578		9.11	%
Kay Jewelers PL		2,053		3.26	%		635,846		8.34	%
Lane Bryant PL		2,753		4.37	%		375,779		4.93	%
Express PL		2,852		4.53	%		334,043		4.38	%
Pottery Barn PL		1,181		1.87	%		318,038		4.17	%
Jared PL		657		1.04	%		287,034		3.77	%
New York & Company PL		2,831		4.49	%		282,686		3.71	%
Ann Taylor PL		3,725		5.91	%		247,497		3.25	%
Torrid PL		1,165		1.85	%		246,402		3.23	%
Other Retailers⁽¹⁾		29,827		47.34	%		2,562,009		33.62	%
Total⁽²⁾		63,011		100.00	%	$	7,620,796		100.00	%

^{________________________________}

⁽¹⁾ Retailers individually representing a lesser percentage of principal receivables balances in
the trust portfolio as of November 30, 2019.

⁽²⁾ Amounts and percentages may not add up to the total due to rounding.

Composition by Account Balance

Trust Portfolio

(Dollars in Thousands; Accounts in Thousands)

Account Balance Range	Number of Accounts		Percentage of Total Number of Accounts			Principal Receivables			Percentage of Total Principal Receivables
Credit Balance		286		0.45	%	$	(12,517	)		(0.16	)%
No Balance		49,082		77.89	%		-			-
$0.01 - $50.00		1,589		2.52	%		46,303			0.61	%
$50.01 - $100.00		1,804		2.86	%		135,109			1.77	%
$100.01 - $150.00		1,371		2.18	%		170,031			2.23	%
$150.01 - $250.00		1,982		3.15	%		390,551			5.12	%
$250.01 - $350.00		1,184		1.88	%		351,321			4.61	%
$350.01 - $500.00		1,223		1.94	%		515,727			6.77	%
$500.01 - $1,000.00		2,300		3.65	%		1,659,615			21.78	%
$1,000.01 - $1,500.00		1,036		1.64	%		1,261,502			16.55	%
$1,500.01 or more		1,154		1.83	%		3,103,153			40.72	%
Total ⁽¹⁾		63,011		100.00	%	$	7,620,796			100.00	%

^{________________________________}

⁽¹⁾ Amounts and percentages may not add up to the total due to rounding.

Composition by Credit Limit

Trust Portfolio

(Dollars in Thousands; Accounts in Thousands)

Credit Limit Range	Number of Accounts		Percentage of Total Number of Accounts			Principal Receivables		Percentage of Total Principal Receivables
No Credit Limit		1,862		2.95	%	$	13,281		0.17	%
$0.01 - $100.00		813		1.29	%		13,023		0.17	%
$100.01 - $250.00		4,802		7.62	%		158,980		2.09	%
$250.01 - $350.00		1,942		3.08	%		98,720		1.30	%
$350.01 - $500.00		3,905		6.20	%		223,809		2.94	%
$500.01 - $750.00		8,729		13.85	%		414,881		5.44	%
$750.01 - $1,000.00		13,805		21.91	%		577,186		7.57	%
$1,000.01 - $1,250.00		3,504		5.56	%		489,619		6.42	%
$1,250.01 - $1,500.00		4,819		7.65	%		556,993		7.31	%
$1,500.01 - $2,000.00		5,208		8.27	%		1,001,091		13.14	%
$2,000.01 - $2,500.00		1,938		3.08	%		700,494		9.19	%
$2,500.01 or more		11,684		18.54	%		3,372,720		44.26	%
Total ⁽¹⁾		63,011		100.00	%	$	$7,620,796		100.00	%

^{________________________________}

⁽¹⁾Amounts and percentages may not add up to the total due to rounding.

Composition by Account Age

Trust Portfolio

(Dollars in Thousands; Accounts in Thousands)

Account Age Range	Number of Accounts		Percentage of Total Number of Accounts			Principal Receivables		Percentage of Total Principal Receivables
Not More than 12 Months		6,879		10.92	%	$	1,495,362		19.62	%
Over 12 Months to 24 Months		6,391		10.14	%		954,016		12.52	%
Over 24 Months to 36 Months		6,453		10.24	%		873,943		11.47	%
Over 36 Months to 48 Months		6,876		10.91	%		792,552		10.40	%
Over 48 Months to 60 Months		6,731		10.68	%		673,425		8.84	%
Over 60 Months		29,681		47.11	%		2,831,499		37.15	%
Total ⁽¹⁾		63,011		100.00	%	$	7,620,796		100.00	%

^{________________________________}

⁽¹⁾Amounts and percentages may not add up to the total due to rounding.

Cardholders whose accounts are designated for the trust portfolio had billing addresses in all 50 states,
the District of Columbia and other U.S. territories, except for approximately 0.22% of the principal receivables balance for the trust for which cardholders had billing addresses located outside of the United States, the
District of Columbia or other U.S. territories. Except for the five states listed below, no state accounted for more than 5% of the number of accounts or 5% of the total principal receivables balances as of November 30,
2019.

Composition by Billing Address

Trust Portfolio

State	Percentage of Total Number of Accounts	Percentage of Total Principal Receivables
Texas	8.47%	11.15%
California	9.11%	10.30%
Florida	7.52%	7.54%
New York	7.52%	7.03%
Illinois	4.60%	5.24%

The bank uses credit bureau scoring and a proprietary scoring model developed for the bank as tools in the
underwriting process and for making credit decisions. The bank uses credit bureau scoring and a proprietary scoring model also for purposes of monitoring obligor credit quality. The bank’s proprietary scoring model is
based on historical data and requires the bank to make various assumptions about future performance. As a result, the bank’s proprietary model is not intended, and should not be relied upon, to forecast actual future
performance.

Information regarding customer performance is factored into these proprietary scoring models to determine
the probability of an account becoming 91 or more days past due or becoming charged off at any time within the next 12 months. Obligor credit quality is monitored at least monthly during the life of an account. The
information in the table below is based on the most recent information available for each account in the trust portfolio. Because the future composition of the trust portfolio will change over time, obligor credit quality
as shown in the table below is not indicative of obligor credit quality for the trust portfolio at any subsequent time. In addition, the bank’s assessment of obligor credit quality may change over time depending on the
conduct of the cardholder and changes in the proprietary scoring models used by the bank.

Composition by Obligor Credit Quality

Trust Portfolio

(Dollars in Thousands)

Probability of an Account Becoming 91 or More Days Past Due or Becoming Charged-off (within the next 12 months)	Principal Receivables		Percentage of Total Principal Receivables
No Score	$	69,806		0.92	%
27.1% and higher		763,964		10.02	%
17.1% – 27.0%		503,561		6.61	%
12.6% – 17.0%		502,063		6.59	%
3.7% – 12.5%		3,189,770		41.86	%
1.9% – 3.6%		1,275,236		16.73	%
Lower than 1.9%		1,316,396		17.27	%
Total ⁽¹⁾	$	7,620,796		100.00	%

^{________________________________}

⁽¹⁾ Amounts and percentages may not add up to the total due to
rounding.

B. Receivables Performance

The tables below contain performance information for the receivables in the trust portfolio for the eleven
months ended November 30, 2019. The composition of the trust portfolio is expected to change over time, including as a result of the addition of new accounts and as a result of the removal of accounts under certain
circumstances. The future performance of the receivables in the trust portfolio may be different from the historical performance set forth below.

All data set forth in the tables below is reported on a collected basis. Average principal receivables
outstanding is the average of the principal receivables balances at the beginning of each month in the period indicated. Fees include late fees and return check fees.

Delinquency and Loss Experience

The following tables set forth the aggregate delinquency and loss experience for cardholder payments on the
credit card accounts in the trust portfolio for each of the dates or periods shown.

We generally expect that net losses and delinquencies in the trust portfolio will
correlate with the general economy and unemployment rates. During the years that followed the global financial and economic crisis of 2008-2010, the trust portfolio experienced low levels of delinquencies and losses as the
global economy recovered from such crisis. Recent increased global economic volatility and cyclicality of the lending/credit markets may have an adverse effect on the trust portfolio. More specifically, increases in
delinquencies and charge-offs could occur, particularly if conditions in the general economy deteriorate.

We cannot assure you that the future delinquency and loss experience for the receivables
will be similar to the historical experience set forth below.

Receivables Delinquency Experience

Trust Portfolio

(Dollars in Thousands)

	As of November 30,
	2019
	Principal Receivables		Percentage of Total Principal Receivables
Total Principal Receivables		7,620,796
Principal Receivables Delinquent:
31-60 Days		152,894		2.01	%
61-90 Days		115,592		1.52	%
91-120 Days		92,084		1.21	%
121-150 Days		76,720		1.01	%
151 or More Days		65,232		0.86	%
Total ⁽¹⁾		502,521		6.59	%

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⁽¹⁾Amounts and percentages may not add up to the total due to rounding.

Account Delinquency Experience

Trust Portfolio

	As of November 30,
	2019
	Total Active Accounts		Percentage of Total Active Accounts
Total Active Accounts		13,928,863
Active Accounts Delinquent:⁽¹⁾
31-60 Days		267,196		1.92	%
61-90 Days		193,482		1.39	%
91-120 Days		156,810		1.13	%
121-150 Days		131,499		0.94	%
151 or More Days		117,117		0.84	%
Total ⁽²⁾		866,104		6.22	%

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⁽¹⁾ Excludes Zero Balance Accounts.

⁽²⁾ Percentages may not add up to the total due to rounding.

Loss Experience

Trust Portfolio

(Dollars in Thousands)

	Eleven Months Ended November 30,
	2019
Average Receivables Outstanding	$	7,467,314
Gross Charge-Offs ⁽¹⁾	$	708,359
Recoveries ⁽²⁾	$	105,678
Net Charge-Offs⁽³⁾⁽⁴⁾	$	602,681
Net Charge-Offs as a percentage of Average Receivables Outstanding (annualized)⁽⁵⁾		8.80	%

^{________________________________}

⁽¹⁾ Gross Charge-Offs includes gross charge-offs of principal receivables.

⁽²⁾ Recoveries includes recoveries of principal and finance charge receivables and fees.

⁽³⁾ Net Charge-Offs equal Gross Charge-Offs minus Recoveries.

⁽⁴⁾ Amounts may not add up to the total due to rounding.

⁽⁵⁾ Annualized figures are not necessarily indicative of actual results for the entire year.

Revenue Experience

The gross revenues from finance charges and fees related to accounts in the trust portfolio for each of the
periods shown are set forth in the following table. The figures reflected in the following table represent balances before deductions for charge-offs, returned merchandise, and customer disputes or other expenses and
reductions due to fraud.

Revenue Experience

Trust Portfolio

(Dollars in Thousands)

	Eleven Months Ended November 30,
	2019
Average Receivables Outstanding	$	7,467,314
Total Finance Charges and Fees	$	2,349,684
Total Finance Charges and Fees as a percentage of Average Receivables Outstanding (annualized) ⁽¹⁾		34.33	%

^{________________________________}

⁽¹⁾ Annualized figures are not necessarily indicative of actual results for the entire year.

C.
Compliance with Underwriting Criteria

The information set forth under the headings “Review of Pool Asset Disclosure” and “Compliance with Underwriting Criteria” in
the Prospectus dated as of September 10, 2019 (and filed on September 12, 2019) has not materially changed.

D. Repurchase of Receivables

No assets securitized by the depositor and held by World Financial Network Credit Card Master Note Trust were the subject of a
demand to repurchase or replace for breach of the representations and warranties during the distribution period from November 1, 2019 to November 30, 2019.

The depositor filed its most recent Form ABS-15G on February 1, 2019. The CIK number of the depositor is 0001139552.

Are there any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the
distribution period or that have cumulatively become material over time? Yes £ No S

Are there any material breaches of pool asset representations and warranties or transaction covenants? Yes £ No S

Are there any material changes in the solicitation, credit-granting, underwriting, origination or pool selection criteria or
procedures? Yes £ No S

For each of Series 2015-B, Series 2016-A, Series 2017-A, Series 2017-C, Series 2018-A, Series 2018-B, Series 2018-C, Series
2019-A, Series 2019-B, and Series 2019-C is the applicable Portfolio Yield averaged over any three consecutive Monthly Periods less than the applicable Base Rate averaged over such period? Yes £ No S

Was the depositor required to designate additional accounts during the distribution period because: (i) the average Transferor
Amount was less than the average Minimum Transferor Amount during any period of 30 consecutive days or (ii) the aggregate amount of principal receivables plus amounts in the Excess Funding Account was less than the
Required Principal Balance on any business day during the distribution period? Yes £ No S

Item 1A.

Asset-Level Information.

Not applicable.

Item 1B.

Asset Representations Reviewer and Investor Communication.

Not applicable.

Item 3.

Sales of Securities and Use of Proceeds.

Not applicable.

Item 5.

Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 7.

Change in Sponsor Interest in the Securities.

Not applicable.

Item 10.

Exhibits.

Exhibit No.		Document Description
99.1		Monthly Noteholder’s Statement for World Financial Network Credit Card Master Note Trust, Series 2015-B, Series 2016-A, Series 2017-A, Series 2017-C, Series 2018-A, Series 2018-B, Series 2018-C, Series 2019-A, Series 2019-B, and Series 2019-C for the December 16, 2019 Payment Date.

SIGNATURES

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

	WFN Credit Company, LLC, as depositor

Dated: December 16, 2019	By:	/s/ Randy J. Redcay
	Name:	Randy J. Redcay
	Title:	Chief Financial Officer

INDEX TO EXHIBITS

Exhibit No.		Document Description
99.1		Monthly Noteholder’s Statement for World Financial Network Credit Card Master Note Trust, Series 2015-B, Series 2016-A, Series 2017-A, Series 2017-C, Series 2018-A, Series 2018-B, Series 2018-C, Series 2019-A, Series 2019-B, and Series 2019-C for the December 16, 2019 Payment Date.

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A, SERIES
2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

Pursuant to the Master Indenture, dated as of August
1, 2001, (as amended and supplemented, the "Indenture") between World Financial Network Credit Card Master Note Trust (the "Issuer") and MUFG Union Bank, N.A., as indenture trustee (the "Indenture
Trustee"), the 2015-B Indenture Supplement, dated as of August 21, 2015, the 2016-A Indenture Supplement, dated as of July 27, 2016, the 2017-A Indenture Supplement, dated as of May 22, 2017, the
2017-C Indenture Supplement, dated as of November 15, 2017, the 2018-A Indenture Supplement, dated as of February 28, 2018, the 2018-B Indenture Supplement, dated as of September 27, 2018, the
2018-C Indenture Supplement, dated as of November 7, 2018, the 2019-A Indenture Supplement, dated as of February 20, 2019, the 2019-B Indenture Supplement, dated as of June 26, 2019, and the 2019-C Indenture Supplement, dated as of September 18, 2019 (each, an "Indenture
Supplement"), Comenity Bank, as Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as of August 1, 2001 (as amended, the "Transferor and Servicing Agreement") between the
Servicer, WFN Credit Company, LLC, as Transferor and the Issuer, is required to prepare certain information each month regarding current distributions to the Noteholders and the performance as of
the Trust during the previous month. The information required to be prepared with respect to the Distribution Date of December 16, 2019 and with respect to the performance of the Trust during the
month of November 2019 is set forth below. Capitalized terms used herein are defined in the Indenture and the Indenture Supplements.

	Monthly Period:		Nov-19
	Determination Date:		12/12/2019
	Distribution Date:		12/16/2019
	Number of Days in Period:		31
	Number of Days in Month:		30
	Record Date:		11/30/2019

I. DEAL PARAMETERS

	Series 2015-B			Series 2016-A			Series 2017-A			Series 2017-C			Series 2018-A			Series 2018-B			Series 2018-C			Series 2019-A			Series 2019-B			Series 2019-C

(a) Class A Initial Note Principal Balance	$	475,000,000.00		$	650,000,000.00		$	400,000,000.00		$	550,000,000.00		$	525,000,000.00		$	300,000,000.00		$	300,000,000.00		$	500,000,000.00		$	350,000,000.00		$	600,000,000.00
(b) Class M Initial Note Principal Balance	$	26,562,000.00		$	32,500,000.00		$	30,667,000.00		$	42,167,000.00		$	40,250,000.00		$	22,297,000.00		$	22,297,000.00		$	37,162,000.00		$	31,165,000.00		$	53,425,000.00
(c) Class B Initial Note Principal Balance	$	26,562,000.00		$	41,166,000.00		$	20,000,000.00		$	27,500,000.00		$	26,250,000.00		$	15,203,000.00		$	15,203,000.00		$	25,338,000.00		$	17,980,000.00		$	30,822,000.00
(d) Class C Initial Note Principal Balance	$	71,877,000.00		$	108,334,000.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(e) Class D Initial Note Principal Balance	$	25,001,000.00		$	34,667,000.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(f) Total Initial Note Principal Balance	$	625,002,000.00		$	866,667,000.00		$	450,667,000.00		$	619,667,000.00		$	591,500,000.00		$	337,500,000.00		$	337,500,000.00		$	562,500,000.00		$	399,145,000.00		$	684,247,000.00
(g) Initial Excess Collateral Amount	$	21,260,000.00		$	23,750,000.00		$	93,557,000.00		$	133,767,000.00		$	127,700,000.00		$	67,906,000.00		$	67,906,000.00		$	113,176,000.00		$	80,309,000.00		$	137,672,000.00

(h) Class A Initial Note Principal Balance %		73.50	%		73.00	%		73.50	%		73.00	%		73.00	%		74.00	%		74.00	%		74.00	%		73.00	%		73.00	%
(i) Class M Initial Note Principal Balance %		4.11	%		3.65	%		5.63	%		5.60	%		5.60	%		5.50	%		5.50	%		5.50	%		6.50	%		6.50	%
(j) Class B Initial Note Principal Balance %		4.11	%		4.62	%		3.67	%		3.65	%		3.65	%		3.75	%		3.75	%		3.75	%		3.75	%		3.75	%
(k) Class C Initial Note Principal Balance %, if applicable		11.12	%		12.17	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
(l) Class D Initial Note Principal Balance %, if applicable		3.87	%		3.89	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
(m) Excess Collateral Amount %		3.29	%		2.67	%		17.19	%		17.75	%		17.76	%		16.75	%		16.75	%		16.75	%		16.75	%		16.75	%

(n) Required Retained Transferor Percentage		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%		4.00	%
(o) Additional Minimum Transferor % (2% Nov-Jan; 0% otherwise)		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%

(p) LIBOR rate as of most recent reset day, if applicable
(q) Class A Note Interest Rate		2.55	%		2.03	%		2.12	%		2.31	%		3.07	%		3.46	%		3.55	%		3.14	%		2.49	%		2.21	%
(r) Class A Swap Rate, if applicable
(s) Class A Swap Rate plus Spread, if applicable
(t) Class A Margin, if applicable
(u) Class A Margin plus Libor, if applicable

(v) Class M Note Interest Rate		0.00	%		2.33	%		2.30	%		2.66	%		3.17	%		3.81	%		3.95	%		3.61	%		3.04	%		2.71	%
(w) Class M Swap Rate, if applicable
(x) Class M Swap Rate plus Spread, if applicable

(y) Class B Note Interest Rate		0.00	%		2.53	%		2.50	%		2.85	%		3.27	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
(z) Class B Swap Rate, if applicable
(aa) Class B Swap Rate plus Spread, if applicable

(ab) Class C Note Interest Rate, if applicable		0.00	%		2.83	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
(ac) Class C Swap Rate, if applicable
(ad) Class C Swap Rate plus Spread, if applicable

(ae) Class D Note Interest Rate, if applicable		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%

(af) Servicing Fee Percentage		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%		2.00	%

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

II. COLLATERAL AMOUNTS AND ALLOCATION PERCENTAGES

	Series 2015-B			Series 2016-A			Series 2017-A			Series 2017-C			Series 2018-A			Series 2018-B			Series 2018-C			Series 2019-A			Series 2019-B			Series 2019-C

(a) Initial Collateral Amount	$	646,262,000.00		$	890,417,000.00		$	544,224,000.00		$	753,434,000.00		$	719,200,000.00		$	405,406,000.00		$	405,406,000.00		$	675,676,000.00		$	479,454,000.00		$	821,919,000.00
(b) Initial Excess Collateral Amount	$	21,260,000.00		$	23,750,000.00		$	93,557,000.00		$	133,767,000.00		$	127,700,000.00		$	67,906,000.00		$	67,906,000.00		$	113,176,000.00		$	80,309,000.00		$	137,672,000.00

(c) Principal Payments made to Noteholders	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(d) Principal Accumulation Account Balances	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(e) Unreimbursed Investor Charge-offs and Reallocated Principal Collections	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00

(f) Collateral Amount - End of Current Monthly Period	$	646,262,000.00		$	890,417,000.00		$	544,224,000.00		$	753,434,000.00		$	719,200,000.00		$	405,406,000.00		$	405,406,000.00		$	675,676,000.00		$	479,454,000.00		$	821,919,000.00
(g) Excess Collateral Amount - End of Current Monthly Period	$	21,260,000.00		$	23,750,000.00		$	93,557,000.00		$	133,767,000.00		$	127,700,000.00		$	67,906,000.00		$	67,906,000.00		$	113,176,000.00		$	80,309,000.00		$	137,672,000.00
(h) Required Excess Collateral Amount	$	21,260,000.00		$	23,750,000.00		$	93,557,000.00		$	133,767,000.00		$	127,700,000.00		$	67,906,000.00		$	67,906,000.00		$	113,176,000.00		$	80,309,000.00		$	137,672,000.00

(i) Beginning Class A Note Principal Balance	$	475,000,000.00		$	650,000,000.00		$	400,000,000.00		$	550,000,000.00		$	525,000,000.00		$	300,000,000.00		$	300,000,000.00		$	500,000,000.00		$	350,000,000.00		$	600,000,000.00
(j) Beginning Class M Note Principal Balance	$	26,562,000.00		$	32,500,000.00		$	30,667,000.00		$	42,167,000.00		$	40,250,000.00		$	22,297,000.00		$	22,297,000.00		$	37,162,000.00		$	31,165,000.00		$	53,425,000.00
(k) Beginning Class B Note Principal Balance	$	26,562,000.00		$	41,166,000.00		$	20,000,000.00		$	27,500,000.00		$	26,250,000.00		$	15,203,000.00		$	15,203,000.00		$	25,338,000.00		$	17,980,000.00		$	30,822,000.00
(l) Beginning Class C Note Principal Balance, if applicable	$	71,877,000.00		$	108,334,000.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(m) Beginning Class D Note Principal Balance, if applicable	$	25,001,000.00		$	34,667,000.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(n) Total Beginning Note Principal Balance	$	625,002,000.00		$	866,667,000.00		$	450,667,000.00		$	619,667,000.00		$	591,500,000.00		$	337,500,000.00		$	337,500,000.00		$	562,500,000.00		$	399,145,000.00		$	684,247,000.00

(o) Ending Class A Note Principal Balance	$	475,000,000.00		$	650,000,000.00		$	400,000,000.00		$	550,000,000.00		$	525,000,000.00		$	300,000,000.00		$	300,000,000.00		$	500,000,000.00		$	350,000,000.00		$	600,000,000.00
(p) Ending Class M Note Principal Balance	$	26,562,000.00		$	32,500,000.00		$	30,667,000.00		$	42,167,000.00		$	40,250,000.00		$	22,297,000.00		$	22,297,000.00		$	37,162,000.00		$	31,165,000.00		$	53,425,000.00
(q) Ending Class B Note Principal Balance	$	26,562,000.00		$	41,166,000.00		$	20,000,000.00		$	27,500,000.00		$	26,250,000.00		$	15,203,000.00		$	15,203,000.00		$	25,338,000.00		$	17,980,000.00		$	30,822,000.00
(r) Ending Class C Note Principal Balance, if applicable	$	71,877,000.00		$	108,334,000.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(s) Ending Class D Note Principal Balance, if applicable	$	25,001,000.00		$	34,667,000.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(t) Total Ending Note Principal Balance	$	625,002,000.00		$	866,667,000.00		$	450,667,000.00		$	619,667,000.00		$	591,500,000.00		$	337,500,000.00		$	337,500,000.00		$	562,500,000.00		$	399,145,000.00		$	684,247,000.00

(u) Allocation Percentage- Finance Charges Collections and Default Amounts		8.73	%		12.03	%		7.35	%		10.18	%		9.72	%		5.48	%		5.48	%		9.13	%		6.48	%		11.11	%
(v) Allocation Percentage- Principal Collections		8.73	%		12.03	%		7.35	%		10.18	%		9.72	%		5.48	%		5.48	%		9.13	%		6.48	%		11.10	%

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

III. RECEIVABLES IN THE TRUST

(a) Beginning of the Month Principal Receivables	$	7,362,669,758.96

(b) Collection of Principal Receivables	$	889,422,198.30
(c) Defaulted Receivables (principal charge-offs):	$	67,729,572.25
(d) Dilution (Principal net of Debit Adjustments):	$	110,276,070.42
(e) Sales (principal receivables generated):	$	1,325,554,575.99
(f) Net (Removal)/Addition of Principal Receivables:	$	0.00

(g) End of Month Principal Receivables (a - b - c - d + e + f)	$	7,620,796,493.98

(h) Recoveries of previously Charged-off Receivables:	$	10,429,207.92

(i) Beginning of the Month Finance Charge Receivables	$	361,703,291.95
(j) End of the Month Finance Charge Receivables	$	359,182,168.31


IV.RECEIVABLES PERFORMANCE SUMMARY

COLLECTIONS:
(a) Collections of Principal Receivables	$	889,422,198.30
(b) Collections of Finance Charge Receivables	$	227,232,596.33
(c) Total Collections (a+b).	$	1,116,654,794.63
(d) Monthly Payment Rate (% of Beginning Principal Receivables)		15.17	%

DELINQUENCIES AND LOSSES:	PRINCIPAL			% OF PRINCIPAL					% OF
End of the month delinquencies:	RECEIVABLES			RECEIVABLES			ACCOUNTS		ACCOUNTS
(e) 1-30 days delinquent (CA1)	$	413,919,792.77			5.43	%		767,617		1.22	%
(f) 31-60 days delinquent (CA2)	$	152,894,274.40			2.01	%		268,616		0.43	%
(g) 61-90 days delinquent (CA3)	$	115,591,794.32			1.52	%		194,053		0.31	%
(h) 91-120 days delinquent (CA4)	$	92,084,136.49			1.21	%		157,147		0.25	%
(i) 121-150 days delinquent (CA5)	$	76,719,659.02			1.01	%		131,789		0.21	%
(j) 151+ days delinquent (CA6)	$	65,231,606.74			0.86	%		117,297		0.19	%

(k) Total delinquencies (e +f + g + h + i + j)	$	916,441,263.74			12.03	%		1,636,519		2.59	%

(l) Total 60+ days delinquent	$	349,627,196.57			4.59	%
(m) Lowest Delinquency Trigger (all series)					9.50	%
(n) Investor Requests for Communications				None

CHARGE-OFFS:
(o) Number of Charged-Off Accounts		123,853
(p) Gross Charge-Offs (principal charge-offs):	$	67,729,572.25
(q) Number of Charged-Off Accounts with Recoveries		107,451
(r) Recoveries (includes principal, finance charges and fees)	$	10,429,207.92
(s) Gross Principal Charge-Off Rate (% of Total Principal Receivables - End of Monthly Period) - annualized
(i) Current		10.66	%
(ii) Prior Monthly Period		10.97	%
(iii) Two Months Prior Monthly Period		9.29	%
(iv) Three Months Prior Monthly Period		9.58	%
(v) Three -Month Average		10.31	%
(vi) Four-Month Average		10.13	%
(t) Net Principal Charge-Offs (Gross Charge-Offs - recoveries)	$	57,300,364.33
(u) Net Principal Charge-Off Rate (% of Total Principal Receivables - End of Monthly Period) - annualized
(i) Current		9.02	%
(ii) Prior Monthly Period		9.39	%
(iii) Two Months Prior Monthly Period		7.80	%
(iv) Three Months Prior Monthly Period		8.16	%
(v) Three -Month Average		8.74	%
(vi) Four-Month Average		8.60	%
(v) Average Net Charge Off (net principal charge-offs/number of charged-off accounts)	$	462.65


V. TRANSFEROR INTEREST AND SELLER'S INTEREST

(a) Required Retained Transferor Percentage		4.00	%
(b) Additional Minimum Transferor Percentage (2% Nov-Jan; 0% otherwise)		2.00	%

(c) Beginning Transferor's Amount	$	953,703,842.29
(d) Ending Transferor's Amount (including Excess Funding/Principal Accounts)	$	705,071,202.29
(e) Minimum Transferor's Amount	$	457,247,789.64
(f) Excess Funding Account Balance at end of Monthly Period	$	0.00
(g) Principal Accounts Balance at end of Monthly Period		-
(h) Sum of Principal Receivables, Excess Funding and Principal Accounts	$	7,620,796,493.98
(i) Required Seller's Interst (as of the most recent RR measurement date)	$	276,154,800.00
(j) Seller's Interest (as of the most recent RR measurement date)	$	1,579,734,827.31

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

VI. TRUST ACCOUNT BALANCES AND EARNINGS

	Series 2015-B		Series 2016-A		Series 2017-A		Series 2017-C		Series 2018-A		Series 2018-B		Series 2018-C		Series 2019-A		Series 2019-B		Series 2019-C
BEGINNING ACCOUNT BALANCES:

(a) Finance Charge Account	$	8,520,570.28	$	11,853,859.34	$	7,132,367.99	$	9,974,337.06	$	9,879,902.24	$	5,647,633.72	$	5,672,735.04	$	9,273,189.20	$	6,377,666.72	$	7,805,467.68
(b) Cash Collateral Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(c) Spread Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(d) Reserve Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(e) Principal Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(f) Principal Accumulation Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

ENDING ACCOUNT BALANCES:

(g) Finance Charge Account	$	9,961,122.42	$	13,838,645.87	$	8,345,472.04	$	11,653,781.24	$	11,483,037.02	$	6,551,305.14	$	6,576,406.46	$	10,779,306.71	$	7,446,395.01	$	12,610,525.20
(h) Cash Collateral Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(i) Spread Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(j) Reserve Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(k) Principal Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(l) Principal Accumulation Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

INTEREST AND EARNINGS:

(m) Interest and Earnings on Finance Charge Account	$	14,378.86	$	19,941.80	$	12,059.52	$	16,809.99	$	16,456.58	$	9,366.09	$	9,394.80	$	15,450.60	$	10,731.96	$	16,372.83
(n) Interest and Earnings on Cash Collateral Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(o) Interest and Earnings on Spread Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(p) Interest and Earnings on Reserve Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(q) Interest and Earnings on Principal Accumulation Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(r) Interest and Earnings on Principal Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(s) Interest and Earnings on Collection Account (allocated)	$	19.50	$	26.86	$	16.42	$	22.73	$	21.70	$	12.23	$	12.23	$	20.38	$	14.46	$	24.79

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

VII. ALLOCATION and APPLICATION of COLLECTIONS

	Series 2015-B		Series 2016-A		Series 2017-A		Series 2017-C		Series 2018-A		Series 2018-B		Series 2018-C		Series 2019-A		Series 2019-B		Series 2019-C

APPLICATIONS OF FINANCE CHARGE COLLECTIONS:

(a) Floating Allocation of Finance Charges	$	19,860,017.54	$	27,363,177.29	$	16,724,279.74	$	23,153,523.79	$	22,101,900.78	$	12,458,714.80	$	12,458,743.51	$	20,764,344.64	$	14,733,972.45	$	25,256,147.86

(b) Class A Monthly Interest	$	1,009,375.00	$	1,099,583.33	$	706,666.67	$	1,058,750.00	$	1,343,125.00	$	865,000.00	$	887,500.00	$	1,308,333.33	$	726,250.00	$	1,105,000.00
(c) Class A Swap Payment Due to (from) Swap Provider, if applicable

(d) Class M Monthly Interest	$	0.00	$	63,104.17	$	58,778.42	$	93,470.18	$	106,327.08	$	70,792.98	$	73,394.29	$	111,795.68	$	78,951.33	$	120,651.46
(e) Class M Swap Payment Due to (from) Swap Provider, if applicable

(f) Class B Monthly Interest	$	0.00	$	86,791.65	$	41,666.67	$	65,312.50	$	71,531.25	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(g) Class B Swap Payment Due to (from) Swap Provider, if applicable

(h) Servicing Fee (Beginning Collateral Amount*2%/12)	$	1,077,103.33	$	1,484,028.33	$	907,040.00	$	1,255,723.33	$	1,198,666.67	$	675,676.67	$	675,676.67	$	1,126,126.67	$	799,090.00	$	1,369,865.00

(i) Class C Monthly Interest	$	0.00	$	255,487.68	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(j) Class C Swap Payment Due to (from) Swap Provider, if applicable

(k) Class D Monthly Interest	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(l) Investor Default Amounts	$	5,910,573.84	$	8,143,563.18	$	4,977,356.14	$	6,890,746.00	$	6,577,649.16	$	3,707,756.45	$	3,707,756.45	$	6,179,587.98	$	4,384,983.60	$	7,517,095.14
(m) Uncovered Dilution Amounts	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(n) Unreimbursed Investor Chargeoffs & Reallocated Principal Collections	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(o) Required to be Deposited into Cash Collateral Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(p) Required Reserve Account Amount, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(q) Required to be Deposited into the Spread Account, if applicable	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(r) Required Payments and Deposits Relating to Interest Rate Swaps	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(s) Other Payments Required to be made	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(t) Excess Finance Charge Collections (a-b-c-d-e-f-g-h-i-j-k-l-m-n-o-p-q-r-s)	$	11,862,965.37	$	16,230,618.95	$	10,032,771.84	$	13,789,521.78	$	12,804,601.62	$	7,139,488.70	$	7,114,416.10	$	12,038,500.98	$	8,744,697.52	$	15,143,536.26

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

APPLICATION OF PRINCIPAL COLLECTIONS:
	Series 2015-B		Series 2016-A		Series 2017-A		Series 2017-C		Series 2018-A		Series 2018-B		Series 2018-C		Series 2019-A		Series 2019-B		Series 2019-C

(u) Investor Principal Collections	$	77,660,133.99	$	106,999,798.11	$	65,398,412.34	$	90,538,799.11	$	86,424,961.34	$	48,716,904.72	$	48,716,904.72	$	81,194,761.09	$	57,615,118.76	$	98,768,517.51

(v) Less Reallocated Principal Collections	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(w) Plus Shared Principal Collections from other Principal Sharing Series	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(x) Plus Aggregate amount of Finance Charge Collections applied to cover Defaults and Uncovered Dilution and to be treated as Available Principal Collections	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(y) Available Principal Collections (u+v+w+x)	$	77,660,133.99	$	106,999,798.11	$	65,398,412.34	$	90,538,799.11	$	86,424,961.34	$	48,716,904.72	$	48,716,904.72	$	81,194,761.09	$	57,615,118.76	$	98,768,517.51

(z) Deposits to Principal Accumulation Account	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(aa) Monthly Principal applied for payments to the Class A Noteholders	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(ab) Monthly Principal applied for payments to the Class M Noteholders	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(ac) Monthly Principal applied for payments to the Class B Noteholders	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(ad) Monthly Principal applied for payments to the Class C Noteholders	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(ae) Shared Principal Collections applied to other Principal Sharing	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

VIII. INVESTOR CHARGE-OFFS

	Series 2015-B			Series 2016-A			Series 2017-A			Series 2017-C			Series 2018-A			Series 2018-B			Series 2018-C			Series 2019-A			Series 2019-B			Series 2019-C

(a) Investor Defaults and Uncovered Dilution	$	5,910,573.84		$	8,143,563.18		$	4,977,356.14		$	6,890,746.00		$	6,577,649.16		$	3,707,756.45		$	3,707,756.45		$	6,179,587.98		$	4,384,983.60		$	7,517,095.14
(b) Reimbursed from Available Funds	$	5,910,573.84		$	8,143,563.18		$	4,977,356.14		$	6,890,746.00		$	6,577,649.16		$	3,707,756.45		$	3,707,756.45		$	6,179,587.98		$	4,384,983.60		$	7,517,095.14
(c) Reimbursed from Cash Collateral Account	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
(d) Total reimbursed in respect of Investor Defaults and Dilution	$	5,910,573.84		$	8,143,563.18		$	4,977,356.14		$	6,890,746.00		$	6,577,649.16		$	3,707,756.45		$	3,707,756.45		$	6,179,587.98		$	4,384,983.60		$	7,517,095.14
(e) Investor Charge-off (a - d)	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00		$	0.00


IX. YIELD and BASE RATE
	Series 2015-B			Series 2016-A			Series 2017-A			Series 2017-C			Series 2018-A			Series 2018-B			Series 2018-C			Series 2019-A			Series 2019-B			Series 2019-C
Base Rate
(Monthly interest, any net swap payments and monthly servicing fees divided by collateral amounts plus amounts on deposit in the principal accumulation account)

(a) Base Rate (current month)		3.87	%		4.03	%		3.78	%		3.94	%		4.54	%		4.77	%		4.84	%		4.52	%		4.02	%		3.79	%
(b) Base Rate (prior month)		3.87	%		4.03	%		3.78	%		3.94	%		4.54	%		4.77	%		4.84	%		4.52	%		4.02	%		3.33	%
(c) Base Rate (2 months prior)		3.87	%		4.03	%		3.78	%		3.94	%		4.54	%		4.77	%		4.84	%		4.52	%		4.02	%

(d) 3 Month Average Base Rate		3.87	%		4.03	%		3.78	%		3.94	%		4.54	%		4.77	%		4.84	%		4.52	%		4.02	%		3.56	%

Gross Portfolio Yield
(Finance charge collections allocable to each series divided by collateral amounts plus amounts on deposit in the principal accumulation account)

(e) Gross Portfolio Yield (current month)		36.88	%		36.88	%		36.88	%		36.88	%		36.88	%		36.88	%		36.88	%		36.88	%		36.88	%		36.87	%
(f) Gross Portfolio Yield (prior month)		36.31	%		36.31	%		36.31	%		36.31	%		36.31	%		36.31	%		36.31	%		36.31	%		36.31	%		34.12	%
(g) Gross Portfolio Yield (2 months prior)		36.47	%		36.47	%		36.47	%		36.47	%		36.47	%		36.47	%		36.47	%		36.47	%		36.47	%

(h) 3 Month Average Gross Portfolio Yield		36.55	%		36.55	%		36.55	%		36.55	%		36.55	%		36.55	%		36.55	%		36.55	%		36.55	%		35.49	%

Net Portfolio Yield
(Finance charge collections less defaults allocable to each series divided by collateral amounts plus amounts on deposit in the principal accumulation account)

(i) Net Portfolio Yield (current month)		25.90	%		25.90	%		25.90	%		25.90	%		25.90	%		25.90	%		25.90	%		25.90	%		25.90	%		25.90	%
(j) Net Portfolio Yield (prior month)		25.23	%		25.23	%		25.23	%		25.23	%		25.23	%		25.23	%		25.23	%		25.23	%		25.23	%		23.81	%
(k) Net Portfolio Yield (2 months prior)		27.17	%		27.17	%		27.17	%		27.17	%		27.18	%		27.18	%		27.18	%		27.18	%		27.17	%

(l) 3 Month Average Net Portfolio Yield		26.10	%		26.10	%		26.10	%		26.10	%		26.10	%		26.10	%		26.10	%		26.10	%		26.10	%		24.86	%

Excess Spread Percentage
(Net Portfolio Yield less Base Rate)

(m) Net Portfolio Adjusted Yield (current month)		22.03	%		21.87	%		22.12	%		21.96	%		21.36	%		21.13	%		21.06	%		21.38	%		21.89	%		22.11	%
(n) Net Portfolio Adjusted Yield (prior month)		21.35	%		21.20	%		21.45	%		21.29	%		20.69	%		20.46	%		20.38	%		20.71	%		21.21	%		20.48	%
(o) Net Portfolio Adjusted Yield (2 months prior)		23.30	%		23.15	%		23.39	%		23.24	%		22.64	%		22.41	%		22.33	%		22.65	%		23.16	%

(p) Net Portfolio Adjusted Yield (3 month average)		22.23	%		22.07	%		22.32	%		22.16	%		21.56	%		21.33	%		21.26	%		21.58	%		22.09	%		21.29	%

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A, SERIES
2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

X. PRINCIPAL ACCUMULATION ACCOUNT

	Series 2015-B		Series 2016-A		Series 2017-A		Series 2017-C		Series 2018-A		Series 2018-B		Series 2018-C		Series 2019-A		Series 2019-B		Series 2019-C

(a) Cumulative Class A principal distributed to PAA (as of prior distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(b) Class A Principal deposited in the Principal Accumulation Account (PAA)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(c) Total Class A Principal deposited in the PAA (a + b)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(d) Cumulative Class M principal distributed to PAA (as of prior distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(e) Class M Principal deposited in the Principal Accumulation Account (PAA)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(f) Total Class M Principal deposited in the PAA (d +e)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(g) Cumulative Class B principal distributed to PAA (as of prior distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(h) Class B Principal deposited in the Principal Accumulation Account (PAA)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(i) Total Class B Principal deposited in the PAA (g + h)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(j) Cumulative Class C principal distributed to PAA (as of prior distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(k) Class C Principal deposited in the Principal Accumulation Account (PAA)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(l) Total Class C Principal deposited in the PAA (j + k)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(m) Cumulative Class D principal distributed to PAA (as of prior distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(n) Class D Principal deposited in the Principal Accumulation Account (PAA)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(o) Total Class D Principal deposited in the PAA (m + n)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(p) Ending PAA balance (c + f + i + l + o)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

MONTHLY NOTEHOLDER'S STATEMENT

WORLD FINANCIAL NETWORK CREDIT CARD

MASTER NOTE TRUST

SERIES 2015-B, SERIES 2016-A, SERIES 2017-A,
SERIES 2017-C, SERIES 2018-A, SERIES 2018-B, SERIES 2018-C, SERIES 2019-A, SERIES 2019-B and SERIES 2019-C

XI. PRINCIPAL REPAYMENT

	Series 2015-B		Series 2016-A		Series 2017-A		Series 2017-C		Series 2018-A		Series 2018-B		Series 2018-C		Series 2019-A		Series 2019-B		Series 2019-C

(a) Class A Principal Paid (as of prior distribution dates)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(b) Class A Principal Payments (to be paid on current distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(c) Total Class A Principal Paid (a + b)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(d) Class M Principal Paid (as of prior distribution dates)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(e) Class M Principal Payments (to be paid on current distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(f) Total Class M Principal Paid (d + e)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(g) Class B Principal Paid (as of prior distribution dates)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(h) Class B Principal Payments (to be made on current distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(i) Total Class B Principal Paid (g + h)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(j) Class C Principal Paid (as of prior distribution dates)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(k) Class C Principal Payments (to be made on current distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(l) Total Class C Principal Paid (j + k)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(m) Class D Principal Paid (as of prior distribution dates)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(n) Class D Principal Payments (to be made on current distribution date)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
(o) Total Class D Principal Paid (m + n)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

(o) Total Principal Paid (c + f + i + l + o)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

XII. SUPPLEMENTAL INFORMATION

Solely
with respect to the Series 2017-A, 2017-C, 2018-A, 2018-B and 2018-C Notes and
with respect to the Series 2019-A,
2019-B and 2019-C Notes and in each case with reference to the EU Retention Rules
in
effect and applicable on the date of issuance of the relevant Series of Notes:

Comenity
Bank (the “Bank”), as “originator” for the purposes of those EU Retention
Rules, will retain on an ongoing basis a material net economic interest that is
not less than five percent of the nominal value of the securitized exposures
with respect to the relevant Series of Notes, in the form of a first loss
tranche in accordance with the text of (in the case of the Series 2017-A,
2017-C, 2018-A, 2018-B and 2018-C Notes) option (d) of each of Article 405(1)
of the CRR (as supplemented by Article 8 of the CRR Delegated Regulation),
Article 51(1) of the AIFM Regulation and Article 254(2) of the Solvency II
Regulation or (in the case of the Series 2019-A, 2019-B and 2019-C Notes)
option (d) of Article 6(3) of the EU Securitization Regulation (as supplemented
by Article 8 of the CRR Delegated Regulation), by holding, through the
Transferor (its wholly-owned subsidiary), the right to receive distributions in
respect of the excess collateral amount relating to that Series of Notes (the
“Retained Interest”).

The
Bank will not allow the Retained Interest to be subject to any credit risk
mitigation or other credit risk hedge or to be sold or transferred if, as a
result, the bank would not retain a material net economic interest in an amount
that is not less than five percent of the nominal value of the securitized
exposures, except to the extent permitted in accordance with (in the case of
the Series 2017-A, 2017-C, 2018-A, 2018-B and 2018-C Notes) Article 405(1) of
the CRR (as supplemented by Article 12 of the CRR Delegated Regulation),
Article 51(1) of the AIFM Regulation and Article 254 of the Solvency II
Regulation or (in the case of the Series 2019-A,
2019-B and 2019-C Notes) option (d) of Article 6(1) of the EU Securitization
Regulation
(as supplemented by Article 12 of the CRR Delegated Regulation).

For
purposes of the foregoing: (i) “AIFM Regulation” means Commission Delegated
Regulation (EU) No. 231/2013, (ii) “CRR” means Regulation (EU) No. 575/2013 of
the European Parliament and of the Council of 26 June 2013, as supplemented by
the CRR Delegated Regulation, (iii) “CRR Delegated Regulation” means Commission
Delegated Regulation (EU) No. 625/2014 (in relation to the Series 2019-A, 2019-B and 2019-C
Notes), as and to the extent applicable on the date of issuance of the relevant
Series of Notes pursuant to Article 43(7) of the EU Securitization Regulation),
[references to CRR Delegated Regulation to be updated for Series issued after
adoption of final regulatory technical standards under Article 6(7) SR],
(iv) “EU Retention Rules” means (in relation to the Series 2017-A, 2017-C,
2018-A, 2018-B and 2018-C Notes) (a) Articles 404 – 410 (inclusive) of the CRR,
(b) Articles 50 – 56 (inclusive) of the AIFM Regulation, and (c) Articles 254 –
257 (inclusive) of the Solvency II Regulation, or (in relation to the Series
2019-A, 2019-B and 2019-C
Notes) Articles 5 and 6 of the EU Securitization Regulation, in each case, as
in effect and applicable on the date of issuance of the relevant Series of
Notes, together with any guidance published in relation thereto by the relevant
European Union supervisory authorities or the European Commission and any relevant regulatory and/or implementing
technical standards adopted by the European Commission in relation thereto or
to precedent legislation, in each case as in effect and applicable on the date
of issuance of the relevant Series of Notes, (v) “EU Securitization Regulation”
means Regulation (EU) 2017/2402 of the European Parliament and of the Council
of 12 December 2017, and (vi) “Solvency II Regulation” means Commission
Delegated Regulation (EU) No. 2015/35.



Comenity Bank, as Servicer

By:	/s/ Randy J. Redcay
Name:	Randy J. Redcay
Title:	Chief Financial Officer