Bread Financial Announces Private Offering of Senior Notes and Redemption of 2029 Notes

Bread Financial Holdings, Inc. announced a private offering of $500 million in senior notes on October 28, 2025. The company intends to use the net proceeds from this offering, along with approximately $275 million in cash on hand, to redeem all of its outstanding 9.750% senior notes due 2029. The redemption is conditioned upon the completion of the debt financing and the receipt of at least $500 million in gross proceeds by the Redemption Date, which is expected to be November 7, 2025. The offering is subject to market and other conditions, and there is no guarantee that the conditions will be met. The senior notes will be guaranteed by the company's domestic subsidiaries and will not be registered under the Securities Act of 1933.