{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-059392","form_type":"8-K","ticker":null,"cik":"0001724786","company_name":"Synchrony Card Funding, LLC","filed_at":"2025-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.477624+00:00","generated_at":"2026-05-19T08:39:36.053408+00:00","sec_items":["1.01","6.05","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Synchrony Card Issuance Trust issues $750M Class A(2025-2) notes; net proceeds ~$747M for receivable purchases","bullets":["Issued $750M SynchronySeries Class A(2025-2) Notes on June 9, 2025.","Net proceeds after underwriting and expenses are ~$747.2M.","Proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.","Trust portfolio had $9.62B in total receivables across 8.2M accounts as of May 31, 2025.","Delinquency rate low: 95.3% of receivables current; VantageScore 720+ on 48% of receivables."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-059392","json":"https://secwatch.observer/filing/0001104659-25-059392.json","markdown":"https://secwatch.observer/filing/0001104659-25-059392.md","text":"https://secwatch.observer/filing/0001104659-25-059392.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724786/000110465925059392/0001104659-25-059392-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724786/000110465925059392/tm2517817d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T08:39:36.053408+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"}