$Synchrony Financial(SYF-B)$ has entered into an underwriting agreement with BofA Securities, Inc., Mizuho Securities USA LLC, and Wells Fargo Securities, LLC, to issue and sell $1 billion in aggregate principal amount of Fixed-to-Floating Rate Senior Notes. The offering includes $500 million of 5.019% Notes due 2029 and $500 million of 6.000% Notes due 2036. The transaction will be facilitated through a public offering, supported by a registration statement filed with the Securities and Exchange Commission. The Notes will be governed by an indenture agreement with The Bank of New York Mellon acting as trustee. This move is part of Synchrony Financial's strategic financial management initiatives.
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