---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-048647"
form_type: "8-K"
ticker: null
cik: "0001724786"
company_name: "Synchrony Card Funding, LLC"
filed_at: "2022-04-22T23:59:59+00:00"
generated_at: "2026-06-26T05:24:29.228634+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Synchrony Card Issuance Trust issues $1B Class A(2022-1) ABS notes

## Summary
- Issued $1,000,000,000 principal amount of Class A(2022-1) notes on April 18, 2022.
- Net proceeds to Trust after underwriting and expenses: ~$996.6 million.
- Proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.
- Trust portfolio as of March 31, 2022: total receivables $7.08B; avg balance $1,068; avg credit limit $6,103.
- Delinquency low: 96.6% of receivables current; 78-month average account age.

## SEC filing metadata
- accession: 0001104659-22-048647
- form_type: 8-K
- cik: 0001724786
- company_name: Synchrony Card Funding, LLC
- filed_at: 2022-04-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 6.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1724786/000110465922048647/0001104659-22-048647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1724786/000110465922048647/tm2211672-8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-048647
- JSON: https://secwatch.observer/filing/0001104659-22-048647.json
- Plain text: https://secwatch.observer/filing/0001104659-22-048647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.