BREAD FINANCIAL HOLDINGS, INC. (BFH): debt financing — Bread Financial closes $600M offering of 9.750% Senior Notes due 2029

BREAD FINANCIAL HOLDINGS, INC.

$600M principal amount of 9.750% Senior Notes due March 15, 2029, interest payable semi-annually.
Notes are senior unsecured obligations, guaranteed by certain domestic subsidiaries.
Company may redeem notes on/after March 15, 2026 at specified redemption prices; prior to that, make-whole premium applies.
Holders can require repurchase at 101% upon a Change of Control.
Indenture contains standard covenants limiting indebtedness, liens, investments, and asset sales.

Key facts

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. incurred senior notes of $600 million principal amount with U.S. Bank Trust Company, National Association at 9.750% maturing March 15, 2029.

Instrument: senior notes
Principal: $600 million principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.750%
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

On December 22, 2023, Bread Financial Holdings, Inc. (the “Company”) closed its previously announced offering of $600 million principal amount of 9.750% Senior Notes due 2029 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

BREAD FINANCIAL HOLDINGS, INC. entered into Indenture for 9.750% Senior Notes due 2029 with U.S. Bank Trust Company, National Association valued at $600 million principal amount (effective 2023-12-22).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600 million principal amount
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, Bread Financial Holdings, Inc. (the “Company”) closed its previously announced offering of $600 million principal amount of 9.750% Senior Notes due 2029 (the “Notes”). The Notes were issued pursuant to an indenture (the “Indenture”) dated as of December 22, 2023 among the Company, certain of the Company’s domestic subsidiaries as guarantors and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

BREAD FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-059189

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