secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001101215-24-000015
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Bread Financial closes $300M add-on of 9.750% senior notes; to redeem $400M 7% notes due 2026
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- $300M principal of additional 9.750% Senior Notes due 2029 issued at 101% of par; net proceeds ~$300M after discount.
- Proceeds plus cash on hand will fund redemption of $400M outstanding 7.000% Senior Notes due 2026.
- Additional Notes form a single series with existing $600M of 9.750% Notes, all maturing March 15, 2029.
- Interest payable semi-annually March 15 and September 15, beginning March 15, 2024.
- Notes are jointly and severally guaranteed by domestic subsidiaries that guarantee existing senior notes and credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000015/0001101215-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121524000015/bfh-20240119.htm
  HTML page:      https://secwatch.observer/filing/0001101215-24-000015

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