Bread Financial prices $500M 6.750% notes, uses proceeds plus $275M cash to redeem $719M 9.750% notes

BREAD FINANCIAL HOLDINGS, INC.

$500M aggregate principal of 6.750% senior notes due 2031 priced at 100%; net proceeds ~$493M.
Proceeds plus $275M cash to redeem all $719M 9.750% senior notes due 2029, including make-whole premium.
Redemption conditional on closing of note offering; notes close Nov 6, redemption expected Nov 7, 2025.
Notes guaranteed by domestic subsidiaries that guarantee existing senior notes and credit facility.
Offering is a private placement under Rule 144A and Regulation S; not registered under Securities Act.

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