Synchrony Financial, the holding company for Draper, Utah-based Synchrony Bank, entered into an underwriting agreement to issue and sell in a public offering $750 million in aggregate principal amount of its 4.875% senior notes due June 13, 2025.

Interest on the notes will be payable semiannually in arrears on June 13 and Dec. 13 of each year, beginning on Dec. 13.

Barclays Capital Inc., BofA Securities Inc. and Citigroup Global Markets Inc. are joint bookrunning managers for the offering. TD Securities (USA) LLC is senior co-manager, while Academy Securities Inc., Blaylock Van LLC, CastleOak Securities LP, Mischler Financial Group Inc., R. Seelaus & Co. LLC, Samuel A. Ramirez & Co. Inc. and Siebert Williams Shank & Co. LLC are co-managers.