Synchrony Financial to price five-year fixed-, floating-rate notes

By Aleesia Forni

Virginia Beach, Jan. 26 – Synchrony Financial is expected to price a benchmark offering of senior notes due 2020 in fixed- and floating-rate tranches, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, Barclays, Credit Suisse Securities (USA) LLC and Mizuho Securities are the bookrunners.

Proceeds will be used to prepay outstanding amounts under the company’s General Electric Capital Corp. term loan facility and/or a bank term loan facility.

Synchrony is a consumer financial services company based in Stamford, Conn.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.