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Bread Financial Announces Approval of $200 Million Share Repurchase Program
Globenewswire· 2025-08-27 11:30
COLUMBUS, Ohio, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) today announced that its Board of Directors (the “Board”) has authorized a new plan to repurchase up to $200 million of shares of its common stock. There is no expiration date for the repurchase plan. “We are pleased with the progress we have made to strengthen our company. Bread Financial is well-positioned to execute against our capital priorities to grow responsibly, maintain ...
Bread Financial Announces Expiration and Results of Its Previously Announced Cash Tender Offers
Globenewswire· 2025-08-22 11:30
COLUMBUS, Ohio, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced that its previously announced cash tender offers (the “Tender Offers”) described in the Offer to Purchase, dated July 24, 2025 (as amended, the “Offer to Purchase”) expired at 5:00 p.m., New York City time, on August 21, 2025 (the “Expiration Date”). The following table sets forth the total aggregate principal amount of the Company’s 9.750% Senior Notes due 2029 (the “2 ...
Bread Financial Provides Performance Update for July 2025
Globenewswire· 2025-08-15 11:30
Performance Update - Bread Financial Holdings, Inc. reported a net loss rate of 7.6% for July 2025, down from 8.0% in July 2024, indicating an improvement in credit performance [1] - The delinquency rate decreased to 5.8% as of July 31, 2025, compared to 6.2% a year earlier, reflecting better loan management [1] - Net principal losses for July 2025 were $114 million, a slight decrease from $120 million in July 2024 [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 [2] - The company provides general purpose credit cards and savings products, aiming to empower customers and enhance their quality of life [2] - Bread Financial also supports growth for recognized brands in various sectors through private label and co-brand credit cards [2]
Bread Financial Provides Performance Update for June 2025
Globenewswire· 2025-07-24 10:55
Core Insights - Bread Financial Holdings, Inc. reported a net loss rate of 7.8% for the three months ended June 30, 2025, slightly down from 7.9% in the previous year [1] - The delinquency rate improved to 5.7% as of June 30, 2025, compared to 6.0% a year earlier [1] - The company experienced a year-over-year decline of 1% in average credit card and other loans, totaling $17.631 billion [1] Financial Performance - End-of-period credit card and other loans stood at $17.656 billion as of June 30, 2025 [1] - Net principal losses for the quarter were reported at $113 million, with a total of $348 million for the year [1] - The company noted that the impact of hurricanes Helene and Milton led to a temporary freeze on delinquency progression, affecting net principal losses and loss rates in the second quarter of 2025 [1] Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to millions of U.S. consumers [2] - The company offers general purpose credit cards and savings products, aiming to empower customers and enhance their quality of life [2] - Bread Financial collaborates with recognized brands in various sectors, including travel, health, and specialty apparel, through private label and co-brand credit cards [2]
Bread Financial Reports Second Quarter 2025 Results
Globenewswire· 2025-07-24 10:50
Core Insights - Bread Financial Holdings, Inc. reported its second quarter 2025 financial results, emphasizing its position as a tech-forward financial services company [1] - The company provides a range of payment, lending, and saving solutions tailored to U.S. consumers, enhancing customer experience and brand partnerships [3] Financial Performance - The financial results for the second quarter of 2025 were announced, with all related materials available on the investor relations website [1] - A conference call was scheduled to discuss these results, indicating a commitment to transparency and investor engagement [2] Company Overview - Bread Financial specializes in personalized financial solutions, including general purpose credit cards and savings products, aimed at improving customers' financial well-being [3] - The company collaborates with well-known brands across various sectors, including travel, entertainment, health, beauty, jewelry, and specialty apparel, through private label and co-brand credit card offerings [3]
Bread Financial Schedules Second Quarter 2025 Earnings Conference Call for July 24
Globenewswire· 2025-07-08 11:30
Core Insights - Bread Financial Holdings, Inc. is set to host a conference call on July 24, 2025, at 8:30 a.m. ET to discuss its second quarter 2025 results [1] - The company is recognized as a tech-forward financial services provider, offering personalized payment, lending, and saving solutions [3] Company Overview - Bread Financial provides payment solutions, including general purpose credit cards and savings products, aimed at enhancing customer experiences [3] - The company supports growth for well-known brands in various sectors such as travel & entertainment, health & beauty, jewelry, and specialty apparel through private label and co-brand credit cards [3] Conference Call Details - Participants can register in advance for the conference call, which will also feature accompanying slides [2] - The webcast will be archived on the company's investor relations website for future access [2]
Bread Financial Provides Performance Update for May 2025
GlobeNewswire News Room· 2025-06-11 11:00
Core Insights - Bread Financial Holdings, Inc. reported a performance update highlighting a decrease in net loss rate and delinquency rate year-over-year [1] Financial Performance - As of May 31, 2025, the end-of-period credit card and other loans stood at $17,702 million, a slight decrease from $17,847 million in the same period of 2024, reflecting a year-over-year change of -1% [1] - The net principal losses for May 2025 were $120 million, down from $133 million in May 2024, resulting in a net loss rate of 8.0%, compared to 8.8% a year earlier [1] - The delinquency rate as of May 31, 2025, was 5.7%, a decrease from 5.9% in May 2024, with 30 days + delinquencies totaling $926 million, down from $976 million [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 [2] - The company provides general purpose credit cards and savings products, aiming to empower customers and enhance their lifestyles [2] - Bread Financial also supports growth for recognized brands in various sectors through private label and co-brand credit cards [2]
Bread Financial Announces Early Tender Results of Its Previously Announced Cash Tender Offer
Globenewswire· 2025-06-05 11:30
Core Points - Bread Financial Holdings, Inc. announced a cash tender offer for its 9.750% Senior Notes due 2029, with approximately $536,786,000 validly tendered by the Early Participation Date [1][3] - The company plans to accept up to $150,000,000 in aggregate principal amount of the Notes, resulting in a Total Consideration of $1,071.25 for each $1,000 principal amount of Notes accepted [1][5] - The Tender Offer includes an early participation amount of $50.00 per $1,000 principal amount of Notes for those who tendered by the Early Participation Date [3][5] Tender Offer Details - The total outstanding principal amount of the 9.750% Senior Notes is $900,000,000, with $536,786,000 tendered as of the Early Participation Date [2] - The expected total consideration for the accepted Notes includes the early participation amount and accrued interest [3][5] - The company anticipates settlement of the accepted Notes on June 9, 2025, subject to the conditions set forth in the Offer to Purchase [7] Proration and Acceptance - Due to the Tender Cap being exceeded, the company will accept Notes on a prorated basis, with an expected proration factor of approximately 77.538% for those tendered at the Clearing Premium [7] - Notes tendered at a Bid Price resulting in a Bid Premium exceeding the Clearing Premium will not be accepted [7] Dealer Managers - J.P. Morgan Securities LLC is the sole lead dealer manager for the tender offer, with several co-dealer managers assisting in the process [8]
Bread Financial to Participate in the Morgan Stanley US Financials Conference
Globenewswire· 2025-06-04 11:30
Core Viewpoint - Bread Financial Holdings, Inc. is actively participating in the Morgan Stanley US Financials Conference, highlighting its commitment to engaging with investors and stakeholders in the financial services sector [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 various payment solutions, including general purpose credit cards and savings products, aimed at empowering customers and enhancing their quality of life [3]. - Bread Financial also supports growth for well-known brands in sectors such as travel & entertainment, health & beauty, jewelry, and specialty apparel through private label and co-brand credit cards [3]. Event Participation - The Chief Financial Officer of Bread Financial, Perry Beberman, will participate in a fireside chat at the Morgan Stanley US Financials Conference on June 11 at 1:45 p.m. ET, which 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].
Bread Financial Announces Modified Dutch Auction Cash Tender Offer for 9.750% Senior Notes Due 2029
Globenewswire· 2025-05-21 11:30
Core Points - Bread Financial Holdings, Inc. has initiated a cash tender offer to purchase up to $150 million of its 9.750% Senior Notes maturing in March 2029 [1] - The tender offer will expire on June 20, 2025, with an early participation deadline on June 4, 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, with an early participation amount of $50 for those who tender before the early participation deadline [3][4] - Holders can specify a minimum total consideration (Bid Price) they are willing to accept, which must be within a specified range of $1,040 to $1,080 [4] - The expected final payment date for accepted Notes is June 25, 2025 [3] Participation and Withdrawal - Holders may withdraw their tendered Notes until the withdrawal date of June 4, 2025 [7][8] - The Company reserves the right to amend, extend, or terminate the tender offer at its discretion [9] Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to U.S. consumers [15]