secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001101215-25-000092
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000110121525000092/0001101215-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000110121525000092/bfh-20250521.htm
  HTML page:      https://secwatch.observer/filing/0001101215-25-000092

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