The investment-grade notes are due 2029 and 2036

Davis Polk advised the representatives of the several underwriters in connection with Synchrony Financial’s SEC-registered offering of $500 million aggregate principal amount of 5.019% fixed-to-floating-rate senior notes due 2029 and $500 million aggregate principal amount of 6.000% fixed-to-floating-rate senior notes due 2036.

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 counsel Jennifer (Ying) Lan. Partner Margaret E. Tahyar, counsel Suiwen Liang and associate Patrick Q. Sullivan provided regulatory advice. Partner Michael Mollerus and associate Isaiah B. Kramer provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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