Synchrony Card Funding, LLC Adds $508.2M in Credit Card Accounts
Synchrony Card Funding, LLCResearch Summary
AI-generated summary of this SEC filing
Synchrony Card Funding, LLC Adds $508.2M in Credit Card Accounts
What Happened
Synchrony Card Funding, LLC filed an 8-K (Item 8.01) reporting that on April 17, 2026 (the “Addition Date”) it designated certain credit card accounts as “Accounts” under Section 2.6 of the Amended and Restated Transfer Agreement (dated May 1, 2018) between Synchrony Card Funding, LLC (Transferor) and Synchrony Card Issuance Trust. The Additional Accounts had an aggregate principal receivables balance of approximately $508,199,119.48 as of the close of business on the Addition Date.
Key Details
- Addition Date: April 17, 2026.
- Aggregate principal receivables balance added: approximately $508,199,119.48.
- Designation made under Section 2.6 of the Amended and Restated Transfer Agreement dated May 1, 2018.
- Reported in an 8-K filed April 20, 2026 (Item 8.01: Other Events).
Why It Matters
This filing notifies investors that Synchrony has added a substantial pool of credit card receivables to the accounts governed by its transfer agreement with the Synchrony Card Issuance Trust. For investors tracking asset-backed structures or the size and composition of receivable pools, the addition changes the amount of receivables designated under the agreement and may be relevant when assessing the trust’s collateral backing or ongoing funding activity. The 8-K is a factual update and does not include commentary on performance, credit quality, or expected financial impact.