Capital One Financial Corporation (NYSE:COF) entered into an agreement to acquire Walmart Loan Portfolio from Synchrony Financial (NYSE:SYF) on January 23, 2019. The transaction is expected to close in to transfer late in the third quarter or early in the fourth quarter of 2019. Matthew M. Guest, Brandon C. Price, David M. Adlerstein, Steven R. Green and Joshua M. Holmes of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor to Capital One Financial Corporation.

Jon-Paul Bernard of Weil, Gotshal & Manges LLP served as legal advisor Synchrony Bank on the transaction.