{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-016519","form_type":"8-K","ticker":null,"cik":"0001724786","company_name":"Synchrony Card Funding, LLC","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.624353+00:00","generated_at":"2026-05-26T06:02:39.599676+00:00","sec_items":["1.01","6.05","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Synchrony Card Trust issues $750M in notes; portfolio $9.47B as of Jan 2025","bullets":["Issued $750M Class A(2025-1) notes on Feb 18, 2025; net proceeds ~$747.2M after underwriting and expenses.","Net proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.","Trust portfolio as of Jan 31, 2025: total transferred receivables $9.47B across 8.03M accounts.","Largest program partner: Sam's Club Dual Card (28.3% of receivables; 21.3% of accounts).","Delinquency: 94.9% of receivables current or zero balance; 1.8% in 1-29 days past due."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-016519","json":"https://secwatch.observer/filing/0001104659-25-016519.json","markdown":"https://secwatch.observer/filing/0001104659-25-016519.md","text":"https://secwatch.observer/filing/0001104659-25-016519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724786/000110465925016519/0001104659-25-016519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724786/000110465925016519/tm254753d8_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:02:39.599676+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}