Synchrony Bank (NYSE:SYF) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
| Entry into Material Definitive Agreements. |
On May 31, 2017, RFS Holding, L.L.C. (the Depositor)
entered into the Thirteenth Amendment to Receivables Sale
Agreement, dated as of May 31, 2017, a copy of which is filed
with this Form 8-K as Exhibit 4.1, between Synchrony Bank and the
Depositor, in order to clarify the calculation of the average
recovery price ratio set forth in the Receivables Sale Agreement,
dated June 27, 2003.
| Item 9.01. | Financial Statements and Exhibits. |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits. |
| Exhibit No. | Document Description |
| 4.1 |
Thirteenth Amendment to Receivables Sale Agreement, dated as of May 31, 2017, between Synchrony Bank and the Depositor |
About Synchrony Bank (NYSE:SYF)
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards. Synchrony Bank (NYSE:SYF) Recent Trading Information
Synchrony Bank (NYSE:SYF) closed its last trading session up +0.18 at 27.40 with 8,658,445 shares trading hands.
