Synchrony Financial
Synchrony Financial Announces Issuance of $800M Senior Notes
Summary
On March 3, 2025, Synchrony Financial announced the issuance of $800 million aggregate principal amount of 5.450% Fixed-to-Floating Rate Senior Notes due 2031 through an underwriting agreement with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC. The notes will be governed by an Indenture supplemented by a Thirteenth Supplemental Indenture. Legal opinion on the validity of the notes is provided by Sidley Austin LLP.
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Exhibits (3)
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About Synchrony Financial
Synchrony Financial is a consumer financial services company primarily focused on providing private-label credit cards. It serves as a key partner to a variety of retailers, manufacturers, and healthcare providers, enabling them to offer customized credit solutions to their customers. Synchrony Financial's products extend beyond credit cards to include promotional financing, installment lending, and loyalty programs, often aimed at enhancing customer retention and satisfaction for its partners. The company plays a significant role in industries such as retail, health and wellness, automotive, and home, where it provides targeted financial solutions that are integrated into the point of sale. This integration makes Synchrony a crucial player in consumer finance, as it supports both businesses and consumers through flexible payment options. Headquartered in Stamford, Connecticut, Synchrony Financial was established in 2003. It is a major issuer of private-label credit cards in the United States, contributing to the retail sector's growth by empowering consumers to make purchases and manage payments over time. The company's financial products are influential in promoting accessible credit, supporting economic activity, and fostering customer loyalty within numerous commercial sectors.
Official SEC Documents
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