Sidley Represents Synchrony Financial in Its US$750 Million Subordinated Notes Offering

On February 2, 2023, Synchrony Financial closed an SEC-registered offering of US$750 million of 7.250% subordinated notes due 2033 led by J.P. Morgan, BofA Securities, Citigroup, and Wells Fargo Securities, which represented Synchrony’s initial subordinated debt offering.

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally-enabled product suites with experience, expertise, and scale encompassing a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, powersports, pets, and more.

The Sidley team was led by Robert A. Ryan (Capital Markets), and included Michael D. Lewis (Banking and Financial Services), Kostian Ciko (Capital Markets), Stefan Giudici (Capital Markets), Demetrius Watson (M&A), Nicholas R. Brown (Tax), and Ryan Kelly (Tax).