Bread Financial Announces Private Offering of Subordinated Notes

Core Viewpoint - Bread Financial Holdings, Inc. plans to offer $400 million in fixed-rate reset subordinated notes in a private offering, subject to market conditions [1][3]. Group 1: Offering Details - The company intends to lend at least $250 million of the net proceeds from the notes offering as subordinated debt to its subsidiary, Comenity Capital Bank, with the remaining funds for general corporate purposes, potentially including share repurchases [2]. - The notes will not be registered under the Securities Act or any state securities laws, and will be offered only to qualified institutional buyers or non-U.S. persons [4]. Group 2: Company Overview - Bread Financial is a tech-forward financial services company that provides personalized payment, lending, and saving solutions to millions of U.S. consumers, including general purpose credit cards and savings products [6]. - The company supports growth for recognized brands in various sectors through private label and co-brand credit cards and pay-over-time products [6].