secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001104659-23-119920
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 6.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synchrony Card Issuance Trust issues $750M Class A(2023-2) notes; portfolio data disclosed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465923119920/0001104659-23-119920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465923119920/tm2329680d10_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-119920

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer