Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BREAD FINANCIAL HOLDINGS, INC. faced acceleration on senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.000% maturing due 2026.
- Instrument
- senior notes
- Principal
- $400 million aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 7.000%
- Maturity
- due 2026
- Event
- acceleration
Exact text from the filing
On January 8, 2024, Bread Financial Holdings, Inc. (the “Company”) issued a conditional notice of redemption to redeem $400 million aggregate principal amount of its outstanding 2026 Notes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
BREAD FINANCIAL HOLDINGS, INC. entered into Purchase Agreement with J.P. Morgan Securities LLC, as representative of the several initial purchasers valued at $300 million aggregate principal amount of additional 9.750% senior notes due 2029 (effective 2024-01-08).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- J.P. Morgan Securities LLC, as representative of the several initial purchasers
- Value
- $300 million aggregate principal amount of additional 9.750% senior notes due 2029
- Effective
- 2024-01-08
Exact text from the filing
On January 8, 2024 Bread Financial Holdings, Inc. (the “Company”) and certain subsidiary guarantors named therein (the “Guarantors”) entered into a purchase agreement (the “Purchase Agreement”) with J.P. Morgan Securities LLC, as representative of the several initial purchasers named therein (collectively, the “Initial Purchasers”), under which the Company agreed to sell $300 million aggregate principal amount of additional 9.750% senior notes due 2029 (the “Additional Notes”), in a private offering
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