secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001104659-23-090476
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 $1B Class A(2023-1) Notes; portfolio at $7.86B as of July 31, 2023
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465923090476/0001104659-23-090476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465923090476/tm2322099d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-090476

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