UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of Earliest Event Reported)		September 16, 2019

Synchrony Credit Card Master Note Trust RFS Holding, L.L.C. Synchrony Bank
(Exact Name of Issuing Entity, Depositor/Registrant and Sponsor as Specified in their respective Charters)

Delaware
(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant)

333-107495, 333-130030, 333-144945, 333-169151, 333-181466-01, 333-229815, 333-229815-01, 333-181466, 333-206176, 333-107495-02, 333-130030-01, 333-144945-01, 333-169151-01, 333-206176-01	57-1173164 (RFS Holding, L.L.C.) 20-0268039 (Synchrony Credit Card Master Note Trust)
(Commission File Numbers for Registrant and Issuing Entity, respectively)	(Registrants’ I.R.S. Employer Identification Nos. for Registrant and Issuing Entity, respectively)

0001226006 (RFS Holding, L.L.C.) and 0001290098 (Synchrony Credit Card Master Note Trust)
(Central Index Key for Registrant and Issuing Entity, respectively)

777 Long Ridge Road Stamford, Connecticut			06902
(Address of Principal Executive Offices)			(Zip Code)

(877) 441-5094
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported)	May 10, 2019
Synchrony Credit Card Master Note Trust RFS Holding, L.L.C. Synchrony Bank
(Exact Name of Issuing Entity, Depositor/Registrant and Sponsor as Specified in their respective Charters)
Delaware
(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant)

333-107495, 333-130030, 333-144945, 333-169151, 333-181466-01, 333-229815, 333-229815-01, 333-181466, 333-206176, 333-107495-02, 333-130030-01, 333-144945-01, 333-169151-01, 333-206176-01		57-1173164 (RFS Holding, L.L.C.) 20-0268039 (Synchrony Credit Card Master Note Trust)
(Commission File Numbers for Registrant and Issuing Entity, respectively)		(Registrants’ I.R.S. Employer Identification Nos. for Registrant and Issuing Entity, respectively)

0001226006 (RFS Holding, L.L.C.) and 0001290098 (Synchrony Credit Card Master Note Trust)
(Central Index Key for Registrant and Issuing Entity, respectively)
777 Long Ridge Road Stamford, Connecticut	06902
(Address of Principal Executive Offices)	(Zip Code)

(877) 441-5094 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

N/A

Item 1.0102. ~~Entry~~Termination ~~into~~of a Material Definitive Agreement.

OnPursuant ~~May~~to 10that certain Servicer Performance Guaranty, ~~2019~~dated as of December 2, 2015 (as amended, the “~~Addition~~Servicer ~~Date~~Performance Guaranty”), ~~(i)~~between ~~Synchrony~~GE ~~Bank~~Capital Global ~~and~~Holdings, ~~RFS Holding~~LLC, ~~L.L.C.~~as Servicer Performance Guarantor (the “~~Transferor~~Servicer Performance Guarantor”), ~~entered~~and ~~into~~SYNCHRONY ~~Assignment~~FINANCIAL, ~~No.~~an 40affiliate of ~~Receivables~~the inregistrant, ~~Additional~~as ~~Accounts~~Servicer (the “~~Transferor Assignment~~Servicer”), athe ~~copy~~Servicer Performance Guarantor agreed to cause the due performance and observance by the Servicer of ~~which~~all isof ~~filed with~~the ~~this~~terms, ~~Current~~covenants, ~~Report~~conditions, agreements and undertakings on ~~Form~~the ~~8-K~~part of the Servicer under that certain Servicing Agreement, dated as ~~Exhibit~~of ~~4.1~~June 27, ~~and~~2003, ~~(ii)~~between the ~~Transferor~~Servicer and Synchrony Credit Card Master Note Trust ~~(the~~. ~~“Trust”)~~Pursuant ~~entered~~to ~~into~~its ~~Assignment~~terms, ~~No.~~the 37Servicer ofPerformance ~~Transferred~~Guaranty ~~Receivables~~will interminate ~~Additional~~on ~~Accounts~~the ~~(“Trust~~date on which the ~~Assignment”),~~noteholders aof ~~copy~~all series of ~~which~~notes isissued ~~filed~~by ~~with~~Synchrony ~~this~~Credit ~~Current~~Card ~~Report~~Master onNote ~~Form~~Trust ~~8-K~~that aswere ~~Exhibit~~outstanding ~~4.2. The~~on ~~Transferor~~July 16, 2014 shall ~~Assignment~~have ~~and~~been paid in full or shall have consented to the ~~Trust~~termination ~~Assignment~~of ~~(i)~~the ~~designated~~Servicer ~~certain~~Performance ~~credit~~Guaranty. ~~card~~As ~~accounts~~of asSeptember ~~“Accounts”~~16, ~~(ii) transferred~~2019, ~~receivables~~the ~~arising~~noteholders inof ~~those~~all ~~certain~~series ~~credit~~of ~~card~~notes ~~accounts~~issued by Synchrony Credit Card Master Note Trust that were ~~existing~~outstanding ason ofJuly ~~the~~16, ~~Addition~~2014 had ~~Date~~either been paid in full or had consented to the ~~Transferor~~termination ~~and~~of the Servicer Performance Guaranty. Therefore, on September 16, 2019, the ~~Trust~~Servicer ~~and~~Performance ~~(iii)~~Guaranty ~~designated~~terminated ~~Amazon~~pursuant ~~Services~~to ~~LLC~~its asterms anand ~~Additional~~is ~~Retailer~~of no further force or effect.

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(d) Exhibits.

Exhibit No.		Document Description
4.1		Assignment No. 40 of Receivables in Additional Accounts, dated as of May 10, 2019, between Synchrony Bank and RFS Holding, L.L.C.
4.2		Assignment No. 37 of Transferred Receivables in Additional Accounts, dated as of May 10, 2019, between RFS Holding, L.L.C. and Synchrony Credit Card Master Note Trust

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.

May 15, 2019	RFS Holding, L.L.C., as depositor
September 17, 2019		RFS Holding, L.L.C., as depositor
	~~By:~~	~~/s/ Andrew Lee~~By:	/s/ Andrew Lee
	~~Name:~~	~~Andrew Lee~~Name:		Andrew Lee
	~~Title:~~	~~Vice President~~Title:		Vice President

Filing Compare · Synchrony Credit Card Master Note Trust