Synchrony Financial to conduct offering of fixed-rate senior notes

By Devika Patel

Knoxville, Tenn., July 22 – Synchrony Financial intends to price dollar-denominated fixed-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes are initially non-callable, then feature a make-whole call and then a par call.

Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

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

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