Synchrony Financial and Springs Window Fashions Introduce New Consumer Financing Program

Financing options available through Synchrony Bank credit card

STAMFORD, Conn. & MIDDLETON, Wis.–(BUSINESS WIRE)–Synchrony Financial (NYSE:SYF),
a premier consumer financial services company with 80 years of retail
heritage, today announced a new, multi-year agreement to offer a credit
card program for consumers to finance Graber® blinds, shades,
shutters and draperies.


Springs Window Fashions, founded in 1939 as Badger Crane Drapery
Hardware, manufactures and works with retailers, designers and
distributors to provide horizontal and vertical blinds, shades,
specialty treatments and drapery hardware, including Bali®
and Graber® brands. Qualifying cardholders will have access
to special financing options and exclusive offers* available through a
network of authorized Graber dealers.

“We’re pleased to work with a company that has such a rich history, deep
product knowledge and passion for pleasing its customers,” said Glenn
Marino, executive vice president and CEO, Payment Solutions, Synchrony
Financial. “We share these same attributes and look forward to providing
financing options that add value for customers as they improve their
home.”

Synchrony Financial’s Fourth Annual Major Purchase Consumer Study**
found that home improvement shoppers conduct extensive research when
considering purchases over $500, spending an average of 97 days,
compared to the 68-day average of shoppers in all 13 categories studied.
Further, Synchrony Bank cardholders in the home improvement sector
surveyed confirmed the importance of the availability of financing, with
75 percent saying they “always” seek promotional financing when making a
large purchase.

“We pride ourselves on delivering a ‘best experience’ for our
customers,” said Sean Martin, vice president of marketing, Springs
Window Fashions. ”Partnering with Synchrony Financial will provide
financing options that help our Graber® dealers enhance their
customers’ lives and achieve their design vision through our quality
products.”

*Subject to terms and conditions

**Conducted in 2015 by a third party, the Fourth Annual Synchrony
Financial Major Purchase Consumer Study explores the customer path to
purchase and surveyed consumers who had either made, or planned to make
a $500+ purchase in one of 13 categories, including Home Improvement.

About Springs Window Fashions

Springs Window Fashions, the Best Experience Company, supplies leading
retailers and distributors with a complete line of blinds, shades,
specialty treatments and window hardware. Bali® and Graber®
are brands of Springs Window Fashions. Based in Middleton, Wis., the
company has facilities in nine locations in the United States and Mexico
and employs approximately 5,000 associates. For more information, visit www.springswindowfashions.com.

About Synchrony Financial

Synchrony Financial (NYSE: SYF)
is one of the nation’s premier consumer financial services companies.
Our roots in consumer finance trace back to 1932, and today we are the
largest provider of private label credit cards in the United States
based on purchase volume and receivables.*** We provide a range of
credit products through programs we have established with a diverse
group of national and regional retailers, local merchants,
manufacturers, buying groups, industry associations and healthcare
service providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
300,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety of
credit products to finance the purchase of goods and services. Synchrony
Financial (formerly GE Capital Retail Finance) offers private label and
co-branded Dual Card credit cards, promotional financing and installment
lending, loyalty programs and FDIC-insured savings products through
Synchrony Bank. More information can be found at www.synchronyfinancial.com,
facebook.com/SynchronyFinancial
and twitter.com/SYFNews.

***Source: The Nilson Report (April, 2015, Issue # 1062) –
based on 2014 data.

©2015 Synchrony Bank/Synchrony Financial, All rights reserved.

Contacts

For Synchrony Financial
(855) 791-8007
media.relations@synchronyfinancial.com
or
For
Springs Window Fashions
Lisa Hurley, (608) 828-4059
lisa.hurley@springswindowfashions.com