---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-25-000052"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T04:52:39.630160+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bread Financial prices $400M 8.375% subordinated notes due 2035

## Summary
- $400M aggregate principal, 8.375% fixed-rate reset, due June 15, 2035; priced at par.
- Net proceeds of ~$395M; closing expected March 10, 2025.
- At least $250M of net proceeds to be lent as subordinated debt to subsidiary Comenity Capital Bank.
- Remaining proceeds for general corporate purposes, including potential share repurchases.
- Offering exempt from SEC registration under Rule 144A and Regulation S.

## SEC filing metadata
- accession: 0001101215-25-000052
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000052/0001101215-25-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000052/bfh-20250305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000052
- JSON: https://secwatch.observer/filing/0001101215-25-000052.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000052.txt

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