secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001104659-24-085823
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(2024-2) Notes; Portfolio Update as of June 2024
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- 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+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465924085823/0001104659-24-085823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465924085823/tm2419515d9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-085823

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