{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-044482","form_type":"8-K","ticker":"SYF","cik":"0001601712","company_name":"Synchrony Financial","filed_at":"2024-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.770452+00:00","generated_at":"2026-06-05T17:06:46.714015+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Synchrony issues 20M depositary shares of 8.250% Series B Perpetual Preferred Stock","bullets":["Issued 20M depositary shares (each 1/40th interest) of 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.","Underwriters include Morgan Stanley, BofA, J.P. Morgan, RBC, and Wells Fargo per underwriting agreement dated Feb 15.","Certificate of Designations filed Feb 22, establishing rights, preferences, and restrictions of Series B Preferred.","Dividend restrictions on common and junior/preferred stock if Series B dividends are not paid for prior period.","Total offering likely $500M based on $25 liquidation preference per depositary share."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-044482","json":"https://secwatch.observer/filing/0001193125-24-044482.json","markdown":"https://secwatch.observer/filing/0001193125-24-044482.md","text":"https://secwatch.observer/filing/0001193125-24-044482.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1601712/000119312524044482/0001193125-24-044482-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1601712/000119312524044482/d745125d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T17:06:46.714015+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":[{"claim_id":"0adf319b38a5cee47870a254cb275be79f2a2e15","claim":"Synchrony Financial: Filed Certificate of Designations for Series B Preferred Stock, amending the Amended and Restated Certificate of Incorporation (effective 2024-02-22).","evidence_excerpt":"The Certificate of Designations became effective upon filing with the Secretary of State of the State of Delaware and it amends the Company’s Amended and Restated Certificate of Incorporation.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1601712/000119312524044482/0001193125-24-044482-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-02-22"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}