secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001101215-23-000107
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bread Financial announces $275M convertible notes offering and tender for $850M senior notes
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- Convertible notes: $275M (plus $41.25M greenshoe) due 2028; proceeds used for capped calls and refinancing existing credit facility.
- Tender offer for all $850M 4.750% Senior Notes due 2024 at $980/$1,000 plus accrued interest; expires June 14, 2023.
- New $700M revolving and $575M term loan credit agreement; effectiveness conditioned on raising ≥$1.55B financing by Sept 5, 2023.
- Company had $531M outstanding under existing term loan; plans to repay with convertible notes proceeds and cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000107/0001101215-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121523000107/bfh-20230607.htm
  HTML page:      https://secwatch.observer/filing/0001101215-23-000107

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