secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001104659-24-037869
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 $750M Class A(2024-1) Notes; trust portfolio $8.46B as of Feb 29
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465924037869/0001104659-24-037869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465924037869/tm247935d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-037869

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