---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-25-000175"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:52:07.508059+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bread Financial issues $500M senior notes, plans to redeem $719M 9.75% notes

## Summary
- 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.

## SEC filing metadata
- accession: 0001101215-25-000175
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000175/0001101215-25-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000175/bfh-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000175
- JSON: https://secwatch.observer/filing/0001101215-25-000175.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000175.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000175/0001101215-25-000175-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.