Sidley Represents Synchrony Financial in Its US$750 Million Fixed-to-Floating Rate Senior Notes Offering

On August 2, 2024, Synchrony Financial (NYSE: SYF) closed an SEC-registered offering of US$750 million of 5.935% fixed-to-floating rate senior notes due 2030. Barclays Capital Inc., BofA Securities, Inc., and Mizuho Securities USA LLC acted as representatives for the several underwriters in connection with the offering.

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 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, Demetrius Watson, and Nicholas V. Sgroi (all Capital Markets); Henry Dickinson (M&A); and Nicholas R. Brown, Ryan M. Kelly, and Rachel Ellison (all Tax).