{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-090476","form_type":"8-K","ticker":null,"cik":"0001724786","company_name":"Synchrony Card Funding, LLC","filed_at":"2023-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.999759+00:00","generated_at":"2026-06-11T14:48:32.075147+00:00","sec_items":["1.01","6.05","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Synchrony Card Issuance Trust issues $1B Class A(2023-1) Notes; portfolio at $7.86B as of July 31, 2023","bullets":["Issued $1,000,000,000 principal amount of SynchronySeries Class A(2023-1) Notes on August 9, 2023.","Net proceeds to Funding of $996.6M used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.","Trust portfolio as of July 31, 2023: $7.86B total receivables, 6.47M accounts; average balance $1,214, average credit limit $6,416.","Delinquency rates: 95.1% of receivables current, 0.5% 90+ days past due.","Largest program partners: Sam's Club Dual Card (27.8% of receivables), TJX Dual Card (20.1%), Lowe's Private Label (15.2%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-090476","json":"https://secwatch.observer/filing/0001104659-23-090476.json","markdown":"https://secwatch.observer/filing/0001104659-23-090476.md","text":"https://secwatch.observer/filing/0001104659-23-090476.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724786/000110465923090476/0001104659-23-090476-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724786/000110465923090476/tm2322099d7_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T14:48:32.075147+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7306205aa979d74697e8ae6a34b8379be0eab541","claim":"Synchrony Card Funding, LLC entered into Class A(2023-1) Terms Document with The Bank of New York Mellon, as Indenture Trustee (effective 2023-08-09).","evidence_excerpt":"On August 9, 2023, Synchrony Card Issuance Trust (the “ Trust ”) and The Bank of New York Mellon, as Indenture Trustee (the “ Indenture Trustee ”), entered into the Class A(2023-1) Terms Document (the “ Class A(2023-1) Terms Document ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1724786/000110465923090476/0001104659-23-090476-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon, as Indenture Trustee"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}