Davis Polk advised the representative of the several underwriters in connection with Synchrony Financial’s SEC-registered offering of $1 billion aggregate principal amount of 2.600% senior notes due 2019.

Based in Stamford, Connecticut, Synchrony Financial is one of the premier consumer financial services companies in the United States. Synchrony Financial’s roots in consumer finance trace back to 1932, and today it is the largest provider of private label credit cards in the United States based on purchase volume and receivables. Synchrony Financial provides a range of credit products to finance the purchase of goods and services through programs it has established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and health care service providers.

The Davis Polk capital markets team included partners Richard J. Sandler and John B. Meade and associates Alice Z. Chen and Andrew J. Terjesen. Counsel Daniel E. Newman provided regulatory advice. Partner Po Sit provided tax advice. All members of the Davis Polk team are based in the New York office.

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