{"schema_version":"secwatch.filing_event.v1","accession":"0001101215-25-000054","form_type":"8-K","ticker":"BFH","cik":"0001101215","company_name":"BREAD FINANCIAL HOLDINGS, INC.","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.934741+00:00","generated_at":"2026-05-25T00:49:00.083678+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bread Financial issues $400M of 8.375% subordinated notes due 2035","bullets":["$400M principal amount of 8.375% Fixed-Rate Reset Subordinated Notes due 2035.","Interest fixed at 8.375% until June 15, 2030, then reset to 5-year Treasury + 430 bps.","Notes mature June 15, 2035; subordinated unsecured with no subsidiary guarantees.","Redeemable at par on June 17, 2030 or within 90 days of a regulatory capital event.","Indenture includes no restrictive covenants except merger/asset sale restrictions."],"urls":{"canonical":"https://secwatch.observer/filing/0001101215-25-000054","json":"https://secwatch.observer/filing/0001101215-25-000054.json","markdown":"https://secwatch.observer/filing/0001101215-25-000054.md","text":"https://secwatch.observer/filing/0001101215-25-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101215/000110121525000054/0001101215-25-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101215/000110121525000054/bfh-20250310.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T00:49:00.083678+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}