{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-119920","form_type":"8-K","ticker":null,"cik":"0001724786","company_name":"Synchrony Card Funding, LLC","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.191480+00:00","generated_at":"2026-06-07T23:26:02.972640+00:00","sec_items":["1.01","6.05","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Synchrony Card Issuance Trust issues $750M Class A(2023-2) notes; portfolio data disclosed","bullets":["Issued $750M principal of Class A(2023-2) notes on Nov 15, 2023; net proceeds ~$747.19M after expenses.","Proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.","Trust portfolio as of Oct 31, 2023: $7.74B total receivables, 6.3M accounts, avg balance $1,228.","Delinquency: 94.7% of receivables current; 30+ days delinquent accounts represent 2.9% of total.","VantageScore distribution: 47.9% of receivables from scores 720+, 5.8% from scores ≤599."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-119920","json":"https://secwatch.observer/filing/0001104659-23-119920.json","markdown":"https://secwatch.observer/filing/0001104659-23-119920.md","text":"https://secwatch.observer/filing/0001104659-23-119920.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724786/000110465923119920/0001104659-23-119920-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724786/000110465923119920/tm2329680d10_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:26:02.972640+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":"d68f60325f6aa4621cfb3e5487c75a96711a6893","claim":"Synchrony Card Funding, LLC entered into Class A(2023-2) Terms Document with The Bank of New York Mellon, as Indenture Trustee (effective 2023-11-15).","evidence_excerpt":"On November 15, 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(2023-2) Terms Document (the “ Class A(2023-2) Terms Document ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1724786/000110465923119920/0001104659-23-119920-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":"2023-11-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}