We advised the underwriters on the offering

Davis Polk advised the representatives of the several underwriters, in connection with Synchrony Financial’s SEC-registered offering of $600 million aggregate principal amount of 5.450% fixed-to-floating-rate senior notes due 2030 and $500 million principal amount of 6.276% fixed-to-floating rate senior notes due 2037.

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. It has experience, expertise and scale across a broad spectrum of industries, including digital, health and wellness, retail, telecommunications, home, auto, outdoor and pet.

The Davis Polk capital markets team included partner John B. Meade and associates Cheridan Christnacht, Alexander D. Langa and Sabrina Rodriguez. Partner Margaret E. Tahyar, counsel Suiwen Liang and associate Amie Kim provided regulatory advice. Partner Patrick E. Sigmon and associate Michael Hsieh provided tax advice. All members of the Davis Polk team are based in the New York office.

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