secwatch.observer — SEC 8-K summary
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Issuer:     BREAD FINANCIAL HOLDINGS, INC. (BFH)
CIK:        0001101215
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001140361-23-029627
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bread Financial issues $316.25M of 4.25% convertible senior notes due 2028
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- Issued $316.25M aggregate principal of 4.25% Convertible Senior Notes due 2028; net proceeds ~$305.5M.
- Proceeds used to repay outstanding borrowings under existing credit agreement; new credit agreement became available.
- Initial conversion price ~$38.43 per share; capped call transactions limit dilution, cap price $61.48.
- Capped call transactions cost $39.2M; entered with initial purchasers and affiliates.
- Notes are senior unsecured, guaranteed by certain domestic subsidiaries, mature June 15, 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101215/000114036123029627/0001140361-23-029627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101215/000114036123029627/brhc20054250_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-029627

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