secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001104659-22-081196
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 6.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465922081196/0001104659-22-081196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465922081196/tm2221405d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-081196

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