other material
confidence high
sentiment neutral
materiality 0.60
Synchrony Financial issues 500,000 depositary shares of 7.250% Series C perpetual preferred stock
Synchrony Financial
- Issued 500,000 depositary shares, each representing 1/100th interest in a share of 7.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C.
- Underwriting agreement dated June 2, 2026 with BofA Securities, Barclays Capital and Morgan Stanley for public offering.
- Dividend and repurchase restrictions apply if prior-period Series C dividend not declared or paid.
- Certificate of Designations filed June 4, 2026 amending Amended and Restated Certificate of Incorporation.