Synchrony Financial : and Kawasaki Extend Strategic Relationship

Synchrony and Kawasaki Extend Strategic Relationship

FOOTHILL RANCH, Calif. and STAMFORD, Conn., January 25, 2021 - Kawasaki Motors Corp., U.S.A. (Kawasaki), a leading distributor of motorcycles, ATVs, utility and sport recreation vehicles and personal watercraft, and Synchrony (NYSE: SYF), a premier consumer financial services company, today announced a renewed multi-year financing program agreement. Synchrony's innovative financing and business solutions empower participating Kawasaki dealers to offer additional financing options to customers.

Since 2010, Synchrony has provided Kawasaki vehicle buyers with affordable financing solutions and exclusive offers through Kawasaki's extensive network of independent powersports dealers.

Enrolled Kawasaki dealers have 24/7 access to Synchrony's innovative, mobile-responsive Business Center technology for enhancing the consumer credit process. In addition, participating Kawasaki dealers have access to Synchrony's Advertising Center, which provides dealers with customized in-store and online marketing collateral, including signage and banners.

'For more than 10 years, this mutually successful relationship has provided our loyal customers with the flexibility needed to support their excitement and passion for Kawasaki products, such as our bestselling Ninja® motorcycles, classic Vulcan® cruisers, rugged Brute Force® ATVs, Mule™ and Teryx™ Side x Side vehicles and exclusive JET SKI® watercraft,' said Bill Jenkins, SVP, Sales & Operations, Kawasaki Motors Corp., U.S.A. 'Our dealers know they can count on Synchrony to provide excellent, simplified financing options and service to their customers. Synchrony has been instrumental in helping our dealers stand out from the competition and nurture customer loyalty.'

'We are thrilled to continue this long-term and exciting powersports relationship with Kawasaki,' said Keith Mait, SVP and General Manager, Payment Solutions, Synchrony. 'We are dedicated to providing excellent service to both Kawasaki and their U.S. dealer network through the availability of flexible financing solutions and innovative, turnkey business tools they have come to rely on.'

About Kawasaki

Kawasaki Heavy Industries, Ltd. (KHI) started full-scale production of motorcycles over a half century ago. The first Kawasaki motorcycle engine was designed based on technical know-how garnered from the development and production of aircraft engines, and Kawasaki's entry into the motorcycle industry was driven by the company's constant effort to develop new technologies. Numerous new Kawasaki models introduced over the years have helped shape the market, and in the process have created enduring legends based on their unique engineering, power, design and riding pleasure. In the future, Kawasaki's commitment to maintaining and furthering these strengths will surely give birth to new legends.

Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes Kawasaki motorcycles, ATVs, side x sides, and Jet Ski® watercraft through a network of approximately 1,100 independent retailers, with close to an additional 7,700 retailers specializing in general purpose engines. KMC and its affiliates employ nearly 3,100 people in the United States, with approximately 260 of them located at KMC's Foothill Ranch, California headquarters.

Kawasaki's tagline, 'Let the good times roll.®', is recognized worldwide. The Kawasaki brand is synonymous with powerful, stylish and category-leading vehicles. Information about Kawasaki's complete line of powersports products and Kawasaki affiliates can be found on the Internet at www.kawasaki.com.

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.
Synchrony is changing what's possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions.

For more information, visit www.synchrony.com and Twitter: @Synchrony

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Media Contacts:

Ken Essex
Kawasaki Motors Corp., U.S.A.
Sr. Manager, Public Relations
[e-mail]

Farrah Aper
Synchrony
VP, Senior Business Communications
[e-mail]