Bread Financial launches up to $150M cash tender offer for 9.75% Senior Notes due 2029

BREAD FINANCIAL HOLDINGS, INC.

Offers to repurchase up to $150M of its $900M outstanding 9.750% Senior Notes due Mar 2029 via modified Dutch auction.
Holders tendering by June 4, 2025, 5:00 PM ET receive an extra $50 per $1,000 principal (early participation amount).
Acceptable bid range: $1,040-$1,080 per $1,000 principal. Tender offer expires June 20, 2025.
Early settlement expected June 9, 2025; final settlement June 25, 2025.
J.P. Morgan is sole lead dealer manager; BMO, CIBC, KeyBanc, RBC, Scotia, Truist, Fifth Third, U.S. Bancorp, Wells Fargo are co-dealers.

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