Bread Financial Announces Pricing of Private Offering of $500 Million of Senior Notes

Core Viewpoint - Bread Financial Holdings, Inc. has announced the pricing of a $500 million offering of 6.750% senior notes due 2031, with expected net proceeds of approximately $493 million after expenses [1][2]. Group 1: Notes Offering Details - The senior notes will be sold at 100% of their principal amount and are expected to close on November 6, 2025, subject to customary conditions [1]. - The net proceeds from the notes offering, along with $275 million in cash, will be used to fully redeem the outstanding 9.750% Senior Notes due 2029, which have an aggregate principal amount of $719 million [2]. - A conditional notice has been sent to holders of the 2029 Notes, indicating the intention to redeem them on November 7, 2025, contingent upon the successful completion of the notes offering [3]. Group 2: Guarantees and Regulatory Information - The notes will be guaranteed by the Company's domestic subsidiaries that also guarantee its existing senior notes and senior credit facility [4]. - The notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers or non-U.S. persons in compliance with applicable regulations [5].