The investment-grade notes are due 2031

Davis Polk advised the representatives of the several underwriters, in connection with Synchrony Financial’s SEC-registered offering of $800 million aggregate principal amount of 5.450% fixed-rate / floating-rate senior notes due 2031.

Based in Stamford, Connecticut, Synchrony Financial is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites, with experience, expertise and scale across a broad spectrum of industries, including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more.

The Davis Polk capital markets team included partner John B. Meade and associate Steven Glendon. Partner Margaret E. Tahyar and associates Suiwen Liang and Patrick Q. Sullivan provided regulatory advice. Partners Mario J. Verdolini and associate Isaiah B. Kramer provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.