secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001101215-25-000054
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121525000054/0001101215-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121525000054/bfh-20250310.htm
  HTML page:      https://secwatch.observer/filing/0001101215-25-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer