secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001104659-25-016519
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 6.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465925016519/0001104659-25-016519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465925016519/tm254753d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-016519

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