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GlobeNewswire·

Bread Financial Announces Pricing of Private Offering of $500 Million of Senior Notes

BFH
  • Bread Financial Holdings, Inc. priced a private offering of $500 million aggregate principal amount of 6.750% senior notes due 2031.
  • The notes were sold at 100% of principal amount in an exemption from Securities Act of 1933 registration requirements.
  • Closing of the note issuance is expected on November 6, 2025, generating approximately $493 million in net proceeds.
  • Proceeds will fund redemption of $719 million outstanding 9.750% senior notes due 2029, supplemented by $275 million in existing cash on hand.
  • Holders of the 2029 notes received a conditional notice on October 28, 2025, regarding a potential redemption on November 7, 2025.
  • The 2029 notes redemption is conditioned upon receipt of gross proceeds of at least $500 million by 11:00 a.m. New York City time on November 7, 2025.
  • The new notes are fully guaranteed on a joint and several basis by domestic subsidiaries guaranteeing existing senior obligations.
  • The notes were offered exclusively to qualified institutional buyers under Rule 144A or outside the U.S. to non-U.S. persons under Regulation S.
  • The news release does not constitute an offer to sell or a redemption notice for the 2029 notes.