Synchrony Bank, formerly GE Capital Retail Bank, upsized an offering of three-year notes backed by credit card receivables to $885 million from $660 million originally, according to a regulatory filing.

Synchrony Credit Card Master Note Trust (SYNCT) 2015-2 will issue $750 million of notes with preliminary triple-A ratings from Standard & Poor’s and Fitch Ratings at 41 basis points over swaps; a $72.96 million tranche with AA+/AA ratings and a $62.5 million tranche with AA/A ratings is being retained by the sponsor.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.