IFLR1000

Synchrony Financial $1 billion 2.6% notes issue

4/12/2015
Investment grade bond/note issue
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$ 1 billion

Completed

4/12/2015

Overview:

  • Synchrony Financial has made a $1 billion debt offering.
  • The offering consisted of 2.6% notes due 2019.
  • The joint bookrunners were Citigroup, Barclays, Guggenheim Securities and RBC Capital Markets.
  • Proceeds will be used to repay an existing loan facility. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Financial services

Firms:
Davis Polk & Wardwell

Party: Citigroup (Joint bookrunner)

Party: Barclays (Joint bookrunner)

Party: Guggenheim Securities (Joint bookrunner)

Party: RBC Capital Markets (Joint bookrunner)

Lawyers: John Meade, Richard Sandler

Weil Gotshal & Manges

Party: Synchrony Financial (Issuer)

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