---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-085823"
form_type: "8-K"
ticker: null
cik: "0001724786"
company_name: "Synchrony Card Funding, LLC"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:10:32.026958+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Synchrony Card Issuance Trust Issues $750M Class A(2024-2) Notes; Portfolio Update as of June 2024

## Summary
- Issued $750,000,000 principal amount of Class A(2024-2) Notes on July 30, 2024; net proceeds ~$747.1M after underwriting and expenses.
- Net proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.
- Trust portfolio as of June 30, 2024: total transferred receivables $8.81B, 7.4M accounts, average balance $1,189, average credit limit $6,327.
- Largest program partners: Sam's Club Dual Card (28.2% of receivables), TJX Dual Card (20.2%), Lowe's Private Label (14.2%).
- Delinquency low: 94.8% of receivables current; VantageScore: 47.7% of receivables from accounts with score 720+.

## SEC filing metadata
- accession: 0001104659-24-085823
- form_type: 8-K
- cik: 0001724786
- company_name: Synchrony Card Funding, LLC
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 6.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1724786/000110465924085823/0001104659-24-085823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1724786/000110465924085823/tm2419515d9_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-085823
- JSON: https://secwatch.observer/filing/0001104659-24-085823.json
- Plain text: https://secwatch.observer/filing/0001104659-24-085823.txt

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