Core Points - Bread Financial Holdings, Inc. has initiated cash tender offers to purchase up to $150 million of its Senior Notes and Subordinated Notes [1] - The tender offers are subject to specific sublimits for each series of notes, with a maximum of $100 million for the 2029 Notes and $50 million for the 2035 Notes [1] - The tender offers will expire on August 21, 2025, with an early participation deadline on August 6, 2025 [2] Tender Offer Details - The total consideration for each $1,000 principal amount of notes will be determined through a modified "Dutch Auction" procedure [3] - Holders who tender their notes before the early participation deadline will receive an additional $50 for each $1,000 principal amount [3][11] - The expected final payment date for accepted notes is August 26, 2025 [3] Participation and Bidding - Holders can specify a minimum bid price for their notes, which must be within a defined range and in increments of $1.25 [4] - The aggregate principal amount of notes accepted may be subject to proration if the total validly tendered exceeds the applicable sublimits [6] Withdrawal and Conditions - Notes can be withdrawn until the withdrawal date of August 6, 2025 [7] - The tender offers are subject to various conditions that may be waived or modified by the company [8] Management and Agents - J.P. Morgan Securities LLC is the lead dealer manager for the tender offers, with several co-dealer managers assisting [9] - D.F. King, Inc. serves as the information and tender agent for the offers [9]