Bread Financial launches $150M cash tender for 2029 senior and 2035 subordinated notes

BREAD FINANCIAL HOLDINGS, INC.

Up to $150M total: $100M for 9.750% Senior Notes due 2029 and $50M for 8.375% Subordinated Notes due 2035.
Modified Dutch auction: bid range $1,040-$1,070 for senior notes, $995-$1,025 for sub notes.
Early participation deadline Aug 6, 2025; expiration Aug 21, 2025; early settlement expected Aug 11.
Holders tendering early receive $50 per $1,000 principal as early participation amount.
J.P. Morgan sole lead dealer manager; D.F. King information and tender agent.

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