Synchrony Card Funding Enters Material Agreement
| Field | Detail |
|---|---|
| Company | Synchrony Card Funding, LLC |
| Form Type | 8-K |
| Filed Date | Jun 4, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, credit-card, definitive-agreement
TL;DR
Synchrony Card Funding inked a new deal, check the 8-K.
AI Summary
On June 2, 2025, Synchrony Card Issuance Trust and Synchrony Card Funding, LLC entered into a material definitive agreement. This filing is a current report (8-K) related to asset-backed securities, specifically credit card assets, with Synchrony Bank also mentioned. The filing details are associated with the SEC file number 333-224689.
Why It Matters
This filing indicates a significant contractual development for Synchrony's credit card securitization trust and funding arm, potentially impacting its financing structure.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement, which is routine for structured finance entities.
Key Players & Entities
- Synchrony Card Funding, LLC (company) — Filer and party to agreement
- Synchrony Card Issuance Trust (company) — Filer and party to agreement
- Synchrony Bank (company) — Related entity
- June 2, 2025 (date) — Date of earliest event reported
- 333-224689 (document_id) — SEC file number
FAQ
What type of material definitive agreement was entered into by Synchrony Card Funding, LLC and Synchrony Card Issuance Trust?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on June 2, 2025.
What is the primary asset class involved in this filing?
The primary asset class is Credit card, as indicated by the ABS Asset Class.
Who are the main entities filing this report?
The main entities filing this report are Synchrony Card Issuance Trust and Synchrony Card Funding, LLC.
What is the SEC file number associated with this report?
The SEC file number associated with this report is 333-224689.
Where are Synchrony Card Funding, LLC and Synchrony Card Issuance Trust located?
Both entities are located at 777 Long Ridge Road, Stamford, CT 06902.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 4, 2025 regarding Synchrony Card Funding, LLC.