---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-24-000006"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:16:55.111170+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bread Financial issues $300M additional 9.75% notes due 2029; conditional redemption of $400M 7% notes due 2026

## Summary
- Upsized from $200M to $300M; priced at 101% of par for net proceeds ~$300M.
- Closing expected Jan 19, 2024; new notes form single series with existing $600M 9.75% notes.
- Proceeds plus cash to redeem $400M of 7.000% Senior Notes due 2026 at 101.75% plus accrued interest.
- Redemption conditioned on completion of at least $300M debt financing, expected to be this offering.
- Redemption expected Jan 23, 2024 if condition satisfied.

## SEC filing metadata
- accession: 0001101215-24-000006
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000006/0001101215-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000006/bfh-20240108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-24-000006
- JSON: https://secwatch.observer/filing/0001101215-24-000006.json
- Plain text: https://secwatch.observer/filing/0001101215-24-000006.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000006/0001101215-24-000006-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000110121524000006/0001101215-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.