Synchrony Financial entered into an underwriting agreement on July 30, 2024 with Barclays Capital Inc., BofA Securities, Inc. and Mizuho Securities USA LLC, as representatives of the underwriters, to issue and sell $750,000,000 of senior notes in a public offering.

1. 01

   Synchrony Financial entered into an underwriting agreement on July 30, 2024 with Barclays Capital Inc., BofA Securities, Inc. and Mizuho Securities USA LLC, as representatives of the underwriters, to issue and sell $750,000,000 of senior notes in a public offering.

2. 02

   The company said the notes are 5.935% Fixed-to-Floating Rate Senior Notes due 2030. However, the exhibit list (Exhibit 4.2) shows the interest rate on the same notes as 4.935%, so the wording differs within the filing.

3. 03

   The company said the notes will be governed by the Base Indenture dated August 11, 2014, with The Bank of New York Mellon as trustee. The indenture will be further supplemented by the Twelfth Supplemental Indenture dated August 2, 2024, the 12th supplemental indenture.

4. 04

   The company said the notes are being issued in a public offering under Form S-3 registration statement (File No. 333-266264) and the related prospectus. The opinion of Sidley Austin LLP on the validity of the notes was filed as Exhibit 5.1.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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