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Bread Financial Announces Pricing of Private Offering of $500 Million of Senior Notes
COLUMBUS, Ohio, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today the pricing of its previously announced offering of $500 million in aggregate principal amount of its 6.750% senior notes due 2031 (the “Notes”), in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be sold at a price of 100% of the principal amount ther
About this update from Bread Financial Holdings, Inc.
[{"type":"image","alt":"Bread Financial Payments, Inc.","displaySize":"","headline":null,"caption":"Bread Financial Payments, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":43,"url":"https://media.zenfs.com/en/globenewswire.com/c27b8819b7b632514abbced3595e40ff"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/E2kZ.fN0WOZv.vErQHPFLw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/c27b8819b7b632514abbced3595e40ff","width":300,"height":43}},"lazy":false},{"type":"text","content":"COLUMBUS, Ohio, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today the pricing of its previously announced offering of $500 million in aggregate principal amount of its 6.750% senior notes due 2031 (the “Notes”), in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be sold at a price of 100% of the principal amount thereof. The closing of the issuance of the Notes is expected to occur on November 6, 2025, subject to customary closing conditions, and is expected to result in approximately $493 million in net proceeds to the Company, after deducting the initial purchasers’ discount and the Company’s estimated offering expenses.","length":812,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Notes offering, together with approximately $275 million of cash on hand, for the redemption in full (including the make-whole premium) of its outstanding 9.750% Senior Notes due 2029 (the “2029 Notes”) (of which there is $719 million aggregate principal amount outstanding).","length":328,"tagName":"p"},{"type":"text","content":"On October 28, 2025, the Company sent a conditional notice to holders of its 2029 Notes that it intends to redeem all of the outstanding 2029 Notes on November 7, 2025 (the “2029 Notes Redemption”). The 2029 Notes Redemption is conditioned upon the consummation of the Notes offering resulting in gross proceeds of at least $500 million to the Company no later than 11:00 a.m. New York City time on November 7, 2025.","length":416,"tagName":"p"},{"type":"text","content":"The Notes will be guaranteed, on a full, joint and several basis, by each of the Company’s domes...