Davis Polk advised the representatives of the several underwriters in connection with Synchrony Financial’s SEC-registered offering of $1.25 billion aggregate principal amount of senior notes. The offering consisted of $600 million aggregate principal amount of 4.375% senior notes due 2024 and $650 million aggregate principal amount of 5.150% senior notes due 2029.

Based in Stamford, Connecticut, Synchrony Financial is a premier consumer financial services company delivering customized financing programs across key industries including retail, health, auto, travel and home, along with award-winning consumer banking products.

The Davis Polk capital markets team included partner John B. Meade and associates Yoojin L. Kim and Joanna Sedlak. Partner Margaret E. Tahyar and associate Jung Eun (Claire) Choi provided regulatory advice. Partner Po Sit and associate Ben Levenback provided tax advice. All members of the Davis Polk team are based in the New York office.

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