---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-045714"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T03:54:54.621164+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Bread Financial amends credit agreement to replace LIBOR with SOFR as benchmark

## Summary
- Entered Eighth Amendment to existing credit agreement transitioning benchmark rate from LIBOR to SOFR.
- Updated borrower name to Bread Financial Holdings, Inc. (formerly Alliance Data Systems Corp.) – no economic changes.
- No new borrowings; existing term loans and commitments unchanged.
- Amendment executed with all lenders, effective December 13, 2022.

## SEC filing metadata
- accession: 0001140361-22-045714
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000114036122045714/0001140361-22-045714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000114036122045714/brhc10045235_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-045714
- JSON: https://secwatch.observer/filing/0001140361-22-045714.json
- Plain text: https://secwatch.observer/filing/0001140361-22-045714.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000114036122045714/0001140361-22-045714-index.htm
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000114036122045714/0001140361-22-045714-index.htm

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