---
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"
generated_at: "2026-06-04T09:08:04.783904+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Synchrony Card Issuance Trust issues $750M Class A(2024-1) Notes; trust portfolio $8.46B as of Feb 29

## Summary
- 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%.

## SEC filing metadata
- accession: 0001104659-24-037869
- form_type: 8-K
- cik: 0001724786
- company_name: Synchrony Card Funding, LLC
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 6.05, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-037869
- JSON: https://secwatch.observer/filing/0001104659-24-037869.json
- Plain text: https://secwatch.observer/filing/0001104659-24-037869.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon, as Indenture Trustee
  - Effective: 2024-03-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1724786/000110465924037869/0001104659-24-037869-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.