secwatch.observer — SEC 8-K summary
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Issuer:     Synchrony Card Funding, LLC (—)
CIK:        0001724786
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001104659-25-059392
Event type: debt
Sentiment:  neutral
Materiality: 0.50
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(2025-2) notes; net proceeds ~$747M for receivable purchases
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1724786/000110465925059392/0001104659-25-059392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1724786/000110465925059392/tm2517817d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-059392

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