COLUMBUS, Ohio, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated: For themonth endedOctober 31, 2025 For themonth endedOctober 31, 2024 (dollars in millions)End-of-period credit card and other loans$1 ...

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].

Core Viewpoint - Bread Financial Holdings, Inc. plans to offer $500 million in senior notes to redeem its outstanding 9.750% Senior Notes due 2029, totaling $719 million [1][2]. Group 1: Notes Offering - The company intends to offer $500 million aggregate principal amount of senior notes in a private offering exempt from registration requirements [1]. - The offering is subject to market and other conditions, with no assurance of successful completion [3]. - The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers or non-U.S. persons [4]. Group 2: Use of Proceeds - The net proceeds from the notes offering, along with approximately $275 million in cash, will be used to fully redeem the outstanding 2029 Notes, including any make-whole premium [2]. Group 3: Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to U.S. consumers [6]. - The company offers general purpose credit cards and savings products, supporting recognized brands in various sectors through private label and co-brand credit cards [6].

Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting a net loss rate of 6.9% for the three months ended September 30, 2025, a decrease from 7.4% in the same period last year [1] - The delinquency rate improved to 6.0% as of September 30, 2025, down from 6.4% a year earlier [1] - The company experienced a year-over-year decline in average credit card and other loans, with a 2% decrease in the three months ended September 30, 2025, compared to the previous year [1] Financial Performance - End-of-period credit card and other loans stood at $17.655 billion as of September 30, 2025, unchanged from the previous year [1] - Average credit card and other loans were reported at $17.605 billion for the three months ended September 30, 2025, compared to $17.596 billion in the same period last year [1] - Net principal losses for the period were $101 million, a significant decrease from $328 million in the previous year [1] Delinquency and Loss Rates - The net loss rate for the company was recorded at 6.9% for the three months ended September 30, 2025, compared to 7.4% for the same period in 2024 [1] - The total amount of 30 days or more delinquencies in principal was $963 million as of September 30, 2025, down from $1.062 billion a year prior [1] - The delinquency rate reflects an improvement, indicating better credit performance and management [1]

Core Viewpoint - Bread Financial Holdings, Inc. announced its third quarter 2025 financial results, highlighting its position as a tech-forward financial services company that offers flexible payment, lending, and saving solutions [1]. Group 1: Financial Performance - The company has made its third quarter 2025 financial results available on its investor relations website [1]. - A conference call will be hosted by the President and CEO Ralph Andretta and CFO Perry Beberman to discuss the results [2]. Group 2: Company Overview - Bread Financial provides personalized payment, lending, and saving solutions to millions of U.S. consumers, including general purpose credit cards and savings products [3]. - The company supports growth for recognized brands in various sectors such as travel & entertainment, health & beauty, jewelry, and specialty apparel through private label and co-brand credit cards [3].

Core Viewpoint - Bread Financial Holdings, Inc. has announced a quarterly cash dividend increase and a significant share repurchase authorization, reflecting strong financial health and commitment to shareholder value [1][2][3]. Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.23 per share, which is a 10% increase from the previous dividend of $0.21 per share [1]. - The dividend is payable on December 12, 2025, to stockholders of record as of November 7, 2025 [1]. Share Repurchase Authorization - The company approved a $200 million increase to its existing share repurchase authorization, bringing the total available for repurchases to $340 million [2]. - There is no expiration date for the share repurchase authorization [2]. Financial Strength and Strategy - The company emphasizes its strong capital and cash flow generation, along with a robust balance sheet, which allows it to pursue capital and growth priorities simultaneously [3]. - This strategy aims to deliver additional value to shareholders through increased dividends and share repurchases [3].

Core Viewpoint - Bread Financial Holdings, Inc. will host a conference call on October 23, 2025, to discuss its third quarter 2025 results, highlighting its focus on personalized financial services [1]. Group 1: Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [3]. - The company provides general purpose credit cards and savings products, aiming to empower customers and enhance their quality of life [3]. - Bread Financial also supports growth for recognized brands in various sectors, including travel, health, beauty, jewelry, and specialty apparel through private label and co-brand credit cards [3]. Group 2: Conference Call Details - The conference call will take place at 8:30 a.m. ET, and participants can register in advance through the company's investor relations website [2]. - Analysts wishing to participate in the Q&A session are encouraged to register beforehand, and a webcast will accompany the call, which will also be archived for later access [2].

Core Viewpoint - Bread Financial Holdings, Inc. is actively participating in the Barclays 23rd Annual Global Financial Services Conference, highlighting its commitment to engaging with investors and stakeholders in the financial services sector [1][2]. Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [1][3]. - The company provides general purpose credit cards and savings products, aiming to empower customers and enhance their quality of life [3]. - Bread Financial also supports growth for recognized brands in various sectors, including travel, entertainment, health, beauty, jewelry, and specialty apparel through private label and co-brand credit cards [3]. Event Details - The fireside chat featuring Bread Financial's President and CEO Ralph Andretta, along with EVP and CFO Perry Beberman, is scheduled for September 9 at 11:15 a.m. ET and will be broadcast live [2]. - A replay of the webcast will be available for 90 days after the event, ensuring accessibility for interested parties [2].

Core Viewpoint - Bread Financial Holdings, Inc. has authorized a new share repurchase plan of up to $200 million with no expiration date, indicating a commitment to returning value to shareholders and strengthening its capital position [1][2]. Group 1: Share Repurchase Plan - The Board of Directors has approved a plan to repurchase up to $200 million of common stock [1]. - The repurchase plan is flexible and does not obligate the company to acquire a specific number of shares, allowing for suspension or termination based on market conditions and other factors [3]. Group 2: Company Positioning - The company is focused on strengthening its balance sheet and executing capital priorities to grow responsibly while returning value to shareholders [2]. - Bread Financial is described as a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [4].

Core Viewpoint - Bread Financial Holdings, Inc. has completed its cash tender offers for its senior and subordinated notes, with the offers expiring on August 21, 2025, and details regarding the amounts tendered are provided [1][2]. Group 1: Tender Offer Details - The cash tender offers included the Company's 9.750% Senior Notes due 2029 and 8.375% Fixed-Rate Reset Subordinated Notes due 2035 [1]. - A total of $31,288,000 of the 2029 Notes and $121,000 of the 2035 Notes were validly tendered [2]. - The total outstanding principal amount for the 2029 Notes was $750,012,000, while the 2035 Notes had an outstanding principal of $400,000,000 [2]. Group 2: Financial Considerations - The consideration for the 2029 Notes was $1,070 per $1,000 principal amount, while the 2035 Notes had a consideration of $1,025 per $1,000 principal amount [2]. - The Company accepted $28,402,000 of the 2029 Notes and $121,000 of the 2035 Notes for purchase on the Early Participation Date, with settlement occurring on August 11, 2025 [2]. Group 3: Management and Execution - J.P. Morgan Securities LLC acted as the sole lead dealer manager for the tender offers, with several other firms serving as co-dealer managers [4]. - The tender offers were conducted in accordance with the terms outlined in the Offer to Purchase, and no tenders submitted after the expiration date were valid [2][4]. Group 4: Company Overview - Bread Financial is a tech-forward financial services company that provides payment, lending, and saving solutions to U.S. consumers [8]. - The Company offers general purpose credit cards and savings products, as well as private label and co-brand credit cards for recognized brands in various sectors [8].