Synchrony Financial expanded its CareCredit offering into the beauty and wellness sector via LiveLoveSpa.com and secured a new partnership with Pet Resort Hospitality Group. During this period, the company issued 500,000 depositary shares of Series C preferred stock. Despite a year-to-date decline in share price, analysts estimate the stock is trading at a 54.60% intrinsic discount with an estimated value of $145 per share.
Synchrony's CareCredit becomes the preferred financing solution across 40 Pet Resort Hospitality Group locations to meet rising demand for non-medical pet services.
Read the full storyThe company issued 500,000 Series C depositary shares at a 7.250% fixed rate to optimize its capital structure and manage future liquidity.
Synchrony Financial integrated its CareCredit solution with LiveLoveSpa.com as analysts estimate the stock trades at a massive 54.60% discount to its intrinsic value.