Synchrony Financial $5.8 billion acquisition of PayPal US consumer credit receivables portfolio

Overview:

• Synchrony Financial has acquired PayPal US consumer credit receivables portfolio for $5.8 billion.
• $6.8 billion will be acquired in receivables and $1 billion will be acquired in participant interests held by investors.
• BofA Merrill Lynch acted as financial adviser to PayPal, while Morgan Stanley acted for Synchrony Financial.

Katrin Kostadinova - Data analyst