{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-037869","form_type":"8-K","ticker":null,"cik":"0001724786","company_name":"Synchrony Card Funding, LLC","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.261226+00:00","generated_at":"2026-06-04T09:08:04.783904+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 $750M Class A(2024-1) Notes; trust portfolio $8.46B as of Feb 29","bullets":["Issued $750M principal amount of SynchronySeries Class A(2024-1) Notes on March 18, 2024.","Net proceeds to Funding ~$747.2M; used to purchase credit card receivables from Synchrony Bank.","Trust portfolio: $8.46B total receivables, 7.1M accounts, 27.6% from Sam's Club Dual Card.","Delinquency: 94.6% current; 30+ days delinquent total 5.4% of receivables.","Average account balance $1,190; average credit limit $6,329; utilization 18.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-037869","json":"https://secwatch.observer/filing/0001104659-24-037869.json","markdown":"https://secwatch.observer/filing/0001104659-24-037869.md","text":"https://secwatch.observer/filing/0001104659-24-037869.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724786/000110465924037869/0001104659-24-037869-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724786/000110465924037869/tm247935d8_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:08:04.783904+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":"44811a87b5b9cc0d7f8d0a3cadecb95c7e2e8905","claim":"Synchrony Card Funding, LLC entered into Class A(2024-1) Terms Document with The Bank of New York Mellon, as Indenture Trustee (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, Synchrony Card Issuance Trust (the “ Trust ”) and The Bank of New York Mellon, as Indenture Trustee (the “ Indenture Trustee ”), entered into the Class A(2024-1) Terms Document","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1724786/000110465924037869/0001104659-24-037869-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":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}