---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-081196"
form_type: "8-K"
ticker: null
cik: "0001724786"
company_name: "Synchrony Card Funding, LLC"
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:25:32.748721+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Synchrony Card Issuance Trust issues $675M Class A(2022-2) notes; portfolio $7.18B as of June 30

## Summary
- Issued $675M Class A(2022-2) notes on July 15, 2022; net proceeds ~$672.4M after expenses.
- Trust portfolio total receivables $7.18B, 6.47M accounts, 96.3% current as of June 30, 2022.
- Average account balance $1,109; credit utilization 17.9%; average account age 81 months.
- Top program partners: Sam's Club 28.2%, TJX 19.7%, Lowe's 17.4% of total receivables.
- Proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.

## SEC filing metadata
- accession: 0001104659-22-081196
- form_type: 8-K
- cik: 0001724786
- company_name: Synchrony Card Funding, LLC
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 6.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1724786/000110465922081196/0001104659-22-081196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1724786/000110465922081196/tm2221405d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-081196
- JSON: https://secwatch.observer/filing/0001104659-22-081196.json
- Plain text: https://secwatch.observer/filing/0001104659-22-081196.txt

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