BREAD FINANCIAL HOLDINGS, INC. (BFH): debt financing — Bread Financial issues $500M senior notes, plans to redeem $719M 9.75% notes

BREAD FINANCIAL HOLDINGS, INC.

Conditional redemption of $719M aggregate principal 9.750% senior notes due 2029 on Nov 7, 2025, at par plus make-whole premium.
Private offering of $500M senior notes; net proceeds plus ~$275M cash on hand to fund the redemption.
Redemption conditioned on receipt of at least $500M gross proceeds from debt financings by 11 a.m. NY time on Nov 7.
New notes guaranteed on a full, joint and several basis by domestic subsidiary guarantors of existing debt.
Offering subject to market and other conditions; no assurance of completion.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BREAD FINANCIAL HOLDINGS, INC. faced acceleration on senior notes of all of its outstanding 9.750% senior notes due 2029 with U.S. Bank Trust Company, National Association at 9.750% maturing due 2029.

Instrument: senior notes
Principal: all of its outstanding 9.750% senior notes due 2029
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.750%
Maturity: due 2029
Event: acceleration

Exact text from the filing

On October 28, 2025, Bread Financial Holdings, Inc. (the “Company”) issued a conditional notice of redemption to redeem all of its outstanding 9.750% senior notes due 2029 (the “2029 Notes”).

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304 debt financings filed in the last 30 days. Browse all debt financings →

BREAD FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001101215-25-000175

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