{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-115005","form_type":"8-K","ticker":null,"cik":"0001724786","company_name":"Synchrony Card Funding, LLC","filed_at":"2025-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.258253+00:00","generated_at":"2026-05-16T17:39:54.702107+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(2025-3) notes; portfolio $10.26B","bullets":["$750M principal of SynchronySeries Class A(2025-3) Notes issued on Nov 17, 2025; net proceeds ~$747.3M.","Net proceeds used to purchase credit card receivables from Synchrony Bank and repay intercompany debt.","Trust portfolio as of Oct 31, 2025: $10.26B total receivables, 8.92M accounts, average balance $1,150.","47.7% of portfolio receivables have VantageScore 720+; 27.5% 660-719; 6.6% 599 or below.","Largest program partners: Sam's Club (27.8% of receivables), TJX (21.7%), Amazon (14.1%), Lowe's (12.0%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-115005","json":"https://secwatch.observer/filing/0001104659-25-115005.json","markdown":"https://secwatch.observer/filing/0001104659-25-115005.md","text":"https://secwatch.observer/filing/0001104659-25-115005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1724786/000110465925115005/0001104659-25-115005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1724786/000110465925115005/tm2530159d8_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:39:54.702107+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"}