---
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"
generated_at: "2026-05-26T06:02:39.599676+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Synchrony Card Trust issues $750M in notes; portfolio $9.47B as of Jan 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-016519
- form_type: 8-K
- cik: 0001724786
- company_name: Synchrony Card Funding, LLC
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 6.05, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-016519
- JSON: https://secwatch.observer/filing/0001104659-25-016519.json
- Plain text: https://secwatch.observer/filing/0001104659-25-016519.txt

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