---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-25-000050"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T09:20:33.629628+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bread Financial authorizes $150M buyback and $400M subordinated notes offering

## Summary
- Board approved up to $150M share repurchase program; no expiration date set.
- Company plans $400M private offering of fixed-rate reset subordinated notes.
- At least $250M of net proceeds will lend as subordinated debt to subsidiary Comenity Capital Bank.
- Remaining proceeds for general corporate purposes, which may include share repurchases.
- Notes offered only to QIBs and non-U.S. persons; not registered under Securities Act.

## SEC filing metadata
- accession: 0001101215-25-000050
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000050/0001101215-25-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000050/bfh-20250305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000050
- JSON: https://secwatch.observer/filing/0001101215-25-000050.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000050.txt

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