Synchrony Card Entities Enter Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Synchrony Card Funding, LLC |
| Form Type | 8-K |
| Filed Date | Nov 12, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: definitive-agreement, securitization, credit-card
TL;DR
Synchrony Card Funding, Trust, and Bank just signed a big deal. 8-K filed.
AI Summary
On November 10, 2025, Synchrony Card Funding, LLC, Synchrony Card Issuance Trust, and Synchrony Bank entered into a material definitive agreement. This filing is a current report on Form 8-K, indicating significant events for these entities.
Why It Matters
This filing signals a significant contractual development for Synchrony's credit card securitization trusts and funding entities, potentially impacting their financial operations and structure.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or alter existing ones related to financial obligations, operational structure, or regulatory compliance.
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) — Party to agreement
- November 10, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Synchrony Card Funding, LLC, Synchrony Card Issuance Trust, and Synchrony Bank?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on November 10, 2025.
What is the primary purpose of a Form 8-K filing for these Synchrony entities?
A Form 8-K is a current report used to announce major corporate events that shareholders should know about, such as the entry into a material definitive agreement.
Which specific Synchrony entities are listed as filers in this report?
Synchrony Card Issuance Trust and Synchrony Card Funding, LLC are listed as filers, along with Synchrony Bank as an issuing entity.
What is the SIC code associated with Synchrony Card Funding, LLC and Synchrony Card Issuance Trust?
The Standard Industrial Classification (SIC) code for both Synchrony Card Funding, LLC and Synchrony Card Issuance Trust is 6189, which corresponds to Asset-Backed Securities.
When was this Form 8-K report filed with the SEC?
This Form 8-K report was filed on November 12, 2025.
Filing Stats: 890 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2025-11-12 16:44:28
Filing Documents
- tm2530159d7_8k.htm (8-K) — 29KB
- tm2530159d7_ex1-1.htm (EX-1.1) — 191KB
- tm2530159d7_ex4-1.htm (EX-4.1) — 55KB
- tm2530159d7_ex4-2.htm (EX-4.2) — 42KB
- tm2530159d7_ex5-1.htm (EX-5.1) — 17KB
- tm2530159d7_ex8-1.htm (EX-8.1) — 13KB
- tm2530159d7_ex36-1.htm (EX-36.1) — 7KB
- tm2530159d7_ex5-1img0101.jpg (GRAPHIC) — 4KB
- tm2530159d7_ex8-1img01.jpg (GRAPHIC) — 4KB
- 0001104659-25-110469.txt ( ) — 367KB
01. Entry into Material Definitive Agreement
Item 1.01. Entry into Material Definitive Agreement. On November 10, 2025, Synchrony Card Funding, LLC (“ Funding ”) and Synchrony Bank entered into an Underwriting Agreement by and among Funding, Synchrony Bank, Wells Fargo Securities, LLC, BofA Securities, Inc. and RBC Capital Markets, LLC (the “ Class A(2025-3) Underwriting Agreement ”), with respect to certain notes (the “ Class A(2025-3) Notes ”) to be issued by Synchrony Card Issuance Trust (the “ Trust ”) pursuant to the Amended and Restated Master Indenture, dated as of May 1, 2018, as supplemented by the SynchronySeries Indenture Supplement, dated as of September 26, 2018, and the Class A(2025-3) Terms Document (as defined below), each between the Trust and The Bank of New York Mellon, as indenture trustee (the “ Indenture Trustee ”). A copy of the Class A(2025-3) Underwriting Agreement is filed as Exhibit 1.1 to this Form 8-K and is incorporated herein by reference.
01. Other Events
Item 8.01. Other Events. On or about November 17, 2025, the Trust and the Indenture Trustee intend to enter into the Class A(2025-3) Terms Document (the “ Class A(2025-3) Terms Document ”). An unexecuted copy of the Class A(2025-3) Terms Document is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference. On or about November 17, 2025, the Trust, Funding and Synchrony Bank intend to enter into a Risk Retention Agreement with respect to the SynchronySeries Class A(2025-3) Notes (the “ Class A(2025-3) Risk Retention Agreement ”). An unexecuted copy of the Class A(2025-3) Risk Retention Agreement is filed as Exhibit 4.2 to this Current Report on Form 8-K and is incorporated herein by reference. In connection with the issuance of the Class A(2025-3) Notes, the chief executive officer of Funding has made the certifications required by paragraph I.B.1(a) of Form SF-3. Such certifications are being filed with this Form 8-K as Exhibit 36.1 in order to satisfy the requirements of Item 601(b)(36) or Regulation S-K. The Registrant is also filing with this Form 8-K Exhibits 5.1 and 8.1 in connection with the issuance of the Class A(2025-3) Notes.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits. 2 Exhibit No. Document Description Exhibit 1.1 Underwriting Agreement, dated November 10, 2025, among Funding, Synchrony Bank, Wells Fargo Securities, LLC, BofA Securities, Inc. and RBC Capital Markets, LLC with respect to the Class A(2025-3) Notes Exhibit 4.1 Form of Class A(2025-3) Terms Document, between the Trust and the Indenture Trustee Exhibit 4.2 Form of Risk Retention Agreement, among Funding, Synchrony Bank and the Trust, with respect to the Class A(2025-3) Notes Exhibit 5.1 Opinion of Mayer Brown LLP as to the legality of the Class A(2025-3) Notes Exhibit 8.1 Opinion of Mayer Brown LLP as to certain federal tax matters concerning the Class A(2025-3) Notes Exhibit 36.1 Depositor Certification for Shelf Offerings of Asset-Backed Securities, dated November 10, 2025, with respect to the Class A(2025-3) Notes 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. November 12, 2025 Synchrony Card Funding, LLC By: /s/ Christopher Coffey Name: Christopher Coffey Title: Vice President 4