Synchrony Financial’s $750 Million Senior Notes Offering

Davis Polk advised the underwriters in connection with Synchrony Financial’s SEC-registered offering of $750 million aggregate principal amount of 2.850% senior notes due 2022.

Based in Stamford, Connecticut, Synchrony Financial is a premier consumer financial services company delivering customized financing programs across key industries including retail, health, auto, travel and home, along with award-winning consumer banking products.

Mizuho Securities, Morgan Stanley, RBC Capital Markets, BofA Merrill Lynch, MUFG, Academy Securities Blaylock Van, LLC CastleOak Securities, L.P., Mischler Financial Group, Inc. R. Seelaus & Co., LLC Ramirez & Co., Inc. and The Williams Capital Group, L.P. acted as underwriters on the deal.

Sidley Austin LLP advised Synchrony Financial on the transaction.

The Davis Polk capital markets team included partner John B. Meade (Picture) and associates Yoojin L. Kim and Cameron Adamson. Partner Margaret E. Tahyar and associate Jung Eun (Claire) Choi provided regulatory advice. Partner Po Sit and associate Ben Levenback provided tax advice.

Involved fees earner: Cameron Adamson – Davis Polk & Wardwell; Jung Eun Choi – Davis Polk & Wardwell; Yoojin Kim – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Margaret Tahyar – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Academy Securities Inc.; Bank of America Securities; Blaylock Van, LLC; CastleOak Securities; Mischler Financial Group; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; R. Seelaus & Co.; RBC Capital Markets; Samuel A. Ramirez & Company, Inc.; The Williams Capital Group;

Author: Ambrogio Visconti