---
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"
generated_at: "2026-05-25T00:49:00.083678+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000054
- JSON: https://secwatch.observer/filing/0001101215-25-000054.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000054.txt

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