The investment-grade notes are due 2033

Davis Polk advised the representatives of the several underwriters, in connection with Synchrony Financial’s SEC-registered offering of $750 million aggregate principal amount of 7.250% subordinated notes due 2033.

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, counsel Jake Tyshow and associate Marquis J. Pullen. Partner Margaret E. Tahyar and associate Boaz B. Goldwater provided regulatory advice. Partner Mario J. Verdolini and associate Benjamin Helfgott provided tax advice. All members of the Davis Polk team are based in the New York office.