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. amended credit facility with Wells Fargo Bank, National Association at replacing the London Interbank Offered Rate (LIBOR) with the Secured Overnight F.
- Instrument
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- replacing the London Interbank Offered Rate (LIBOR) with the Secured Overnight F
- Event
- amendment
Exact text from the filing
The Eighth Amendment, among other things, (i) updated the name of the borrower from Alliance Data Systems Corporation to Bread Financial Holdings, Inc. to reflect the previously reported change in the Company’s name that became effective on March 23, 2022 and (ii) revised the method of determining interest rates to be charged in connection with the loans under the Amended Credit Agreement, replacing the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate (SOFR) as the benchmark.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BREAD FINANCIAL HOLDINGS, INC. amended Eighth Amendment to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (effective 2022-12-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Effective
- 2022-12-13
Exact text from the filing
On December 13, 2022, Bread Financial Holdings, Inc., as the borrower (the “Company”), and certain of the Company’s subsidiaries entered into an Eighth Amendment to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the lenders party thereto (the “Eighth Amendment”)
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