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SYF 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-324143

SYF filed a 424B5 (prospectus (offering)) with the SEC on Jul 29, 2026. Synchrony Financial is offering $1.1 billion in senior notes: $600 million of 5.450% Fixed-to-Floating Rate Senior Notes due 2030 and $500 million of 6.276% Fixed-to-Floating Rate Senior Notes due 2037. The stock moved -2.8% by the first close after the filing.

Summary of the filing

Synchrony Financial is offering $1.1 billion in senior notes: $600 million of 5.450% Fixed-to-Floating Rate Senior Notes due 2030 and $500 million of 6.276% Fixed-to-Floating Rate Senior Notes due 2037. The notes are senior unsecured obligations and will be used for general corporate purposes.

For details, click here →How to read a 424B5 →

Key details

Total offering amount$1.1B
2030 notes principal amount$600.0M
2037 notes principal amount$500.0M
Proceeds to issuer (before expenses)$1.1B
IssuerSynchrony Financial
Joint book-running managerJ.P. Morgan
Joint book-running managerTD Securities
Joint book-running managerWells Fargo Securities

How SYF stock reacted

Close before

$77.12

Jul 28, 2026

First close after

-2.79%

$74.97

5 trading days

+2.54%

$79.08

Since filing

-4.38%

$73.74

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Frequently asked questions

What did SYF file with the SEC on Jul 29, 2026?

SYF filed a 424B5 (Secondary offering). Synchrony Financial is offering $1.1 billion in senior notes: $600 million of 5.450% Fixed-to-Floating Rate Senior Notes due 2030 and $500 million of 6.276% Fixed-to-Floating Rate Senior Notes due 2037. The notes are senior unsecured obligations and will be used for general corporate purposes.

What does a secondary offering mean for SYF stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did SYF stock react to this filing?

SYF closed at $77.12 before the filing and $74.97 on Jul 29, 2026 (-2.79%). Five trading days later: $79.08 (+2.54%).

Other SYF SEC filings

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