Bread Financial Announces Early Tender Results of its Previously Announced Cash Tender Offers and Extends Total Consideration Through the Expiration Date

Core Viewpoint - Bread Financial Holdings, Inc. has announced the results of its cash tender offers for its Senior Notes and Subordinated Notes, with a total of $28,402,000 in 9.750% Senior Notes due 2029 and $121,000 in 8.375% Fixed-Rate Reset Subordinated Notes due 2035 validly tendered by the Early Participation Date [1][2] Summary by Category Tender Offer Details - The Company expects to accept the tendered Notes for a Total Consideration of $1,070 for each $1,000 principal amount of the 2029 Notes and $1,025 for each $1,000 principal amount of the 2035 Notes [1][2] - Settlement of the accepted Notes is anticipated to occur on August 11, 2025, subject to the satisfaction or waiver of conditions set forth in the Offer to Purchase [1][3] Financial Information - The outstanding principal amount of the 9.750% Senior Notes due 2029 is $750,012,000, while the outstanding principal amount of the 8.375% Fixed-Rate Reset Subordinated Notes due 2035 is $400,000,000 [2] - The Total Consideration includes an Early Participation Amount of $50.00 for all Notes validly tendered and not validly withdrawn by the Early Participation Date [4][5] Management and Agents - J.P. Morgan Securities LLC is acting as the Sole Lead Dealer Manager for the Tender Offers, with several other firms serving as co-dealer managers [8]