secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001104659-22-048647
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 6.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465922048647/0001104659-22-048647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465922048647/tm2211672-8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-048647

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