Synchrony Card Issuance Trust issues $500M Class A(2026-1) notes; portfolio update

Synchrony Card Funding, LLC

$500M principal of SynchronySeries Class A(2026-1) Notes issued on March 20, 2026.
Net proceeds ~$498.1M used to purchase credit card receivables and repay intercompany debt.
Underwriters: Barclays, J.P. Morgan, TD Securities; underwriting commissions of $1.25M.
Trust portfolio as of Jan 31, 2026: $11.2B total receivables, 9.6M accounts, 95.1% current.
Largest program partners: Sam's Club (26.4%), TJX (21%), Amazon (14%), Lowe's (10.9%).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Synchrony Card Funding, LLC entered into Class A(2026-1) Terms Document with Synchrony Card Issuance Trust, The Bank of New York Mellon valued at Entered into Class A(2026-1) Terms Document (effective 2026-03-20).

Action: entry
Agreement: notes offering
Counterparty: Synchrony Card Issuance Trust, The Bank of New York Mellon
Value: Entered into Class A(2026-1) Terms Document
Effective: 2026-03-20

Exact text from the filing

On March 20, 2026, Synchrony Card Issuance Trust (the “ Trust ”) and The Bank of New York Mellon, as Indenture Trustee (the “ Indenture Trustee ”), entered into the Class A(2026-1) Terms Document (the “ Class A(2026-1) Terms Document ”).

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Source: SEC EDGAR

accession 0001104659-26-035218

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