Synchrony Announces $ 1 Billion Increase in Share Buyback Authorization
STAMFORD, Connecticut., December 15, 2021 / PRNewswire / – Synchrony Financial (NYSE: SYF) (the âCompanyâ) today announced that its board of directors has increased the authorization to repurchase shares of the Company from $ 1.0 billion. The Company had $ 1.2 billion remaining under its prior authorization from September 30, 2021, this increase will therefore bring the amount available to $ 2.2 billion until the end of the period June 30th, 2022.
The authorizations allow the Company to repurchase shares from time to time subject to market conditions and other factors, including legal and regulatory restrictions and required approvals.
Synchrony (NYSE: SYF) is a leading consumer financial service company. We offer a wide range of specialized financing programs, as well as innovative banking products for consumers, in key industries such as digital, retail, home, automotive, travel, health and animals. of company. Synchrony allows our partners to increase their sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.
Synchrony is changing what’s possible with our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and personalized financing solutions.
For more information visit www.synchrony.com and Twitter: @Synchrony.
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