| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | ($ in millions) | Maturity date | | Interest Rate | | Weighted average interest rate | | Outstanding Amount(a)(b) | | Outstanding Amount(a)(b) | | Borrowings of consolidated securitization entities: | | | | | | | | | | Fixed securitized borrowings(c) | 2026 - 2029 | | 4.06% - 5.74% | | 4.76 | % | | $ | 5,990 | | | $ | 5,490 | | | Floating securitized borrowings | 2027 - 2028 | | 4.51% - 4.87% | | 4.65 | % | | 2,925 | | | 2,925 | | | Total borrowings of consolidated securitization entities | | | | | 4.72 | % | | 8,915 | | | 8,415 | | | Senior unsecured notes: | | | | | | | | | | | Synchrony Financial senior unsecured notes: | | | | | | | | | | | Fixed senior unsecured notes | 2027 - 2031 | | 2.88% - 5.15% | | 3.94 | % | | 2,393 | | | 2,892 | | | Fixed-to-floating senior unsecured notes | 2029 - 2037 | | 4.95% - 6.28% | | 5.55 | % | | 4,375 | | | 2,534 | | | | | | | | | | | | | Synchrony Bank senior unsecured notes: | | | | | | | | | | | Fixed senior unsecured notes | 2027 | | 5.63% | | 5.63 | % | | 599 | | | 599 | | | | | | | | | | | | | Total senior unsecured notes | | | | | 5.04 | % | | 7,367 | | | 6,025 | | | Subordinated unsecured notes: | | | | | | | | | | | Synchrony Financial subordinated unsecured notes: | | | | | | | | | | | Fixed subordinated unsecured notes | 2033 | | 7.25% | | 7.25 | % | | 743 | | | 742 | | | Total senior and subordinated unsecured notes | | | | | 5.24 | % | | 8,110 | | | 6,767 | | | Total borrowings | | | | | | | $ | 17,025 | | | $ | 15,182 | |
___________________(a)Includes unamortized debt premiums, discounts and issuance costs. (b)The Company may redeem certain borrowings prior to their original contractual maturity dates in accordance with the optional redemption provision specified in the respective instruments. (c)Includes $750 million of fixed securitized borrowings which matured and were repaid in October 2026. The following table summarizes the issuances of Synchrony Financial fixed-to-floating rate senior unsecured notes during the nine months ended September 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions): | | | | | | | | | | | | Issuance Date | | Principal Amount | | Fixed Interest Rate | | Interest Rate Reset Date | | Floating Rate Spread(a) | | Maturity | | February 2026 | | $ | 750 | | | 4.947% | | February 25, 2031 | | 153 bps | | February 2032 | | July 2026 | | $ | 600 | | | 5.450% | | October 15, 2029 | | 134.6 bps | | October 2030 | | July 2026 | | $ | 500 | | | 6.276% | | July 31, 2036 | | 202.9 bps | | July 2037 |
___________________ (a)Floating rate applicable at interest rate reset date through maturity, based on compounded Secured Overnight Financing Rate plus floating rate spread noted above.
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