Bread Financial Announces Early Tender Results of Its Cash Tender Offer for 9.750% Senior Notes Due 2029 as of June 4, 2025

Published: 2025-06-05 08:50:45 ET BFH

Published on 06/05/2025 at 08:50

Bread Financial Holdings, Inc. announced that as of June 4, 2025, approximately $536,786,000 in aggregate principal amount of the Company?s 9.750% Senior Notes due 2029 had been validly tendered and not validly withdrawn. The Company plans to accept for purchase up to $150,000,000 in aggregate principal amount of Notes, which would result in Total Consideration of $1,071.25 for each $1,000 principal amount of Notes. The Tender Offer is described in the Offer to Purchase dated May 21, 2025.

Holders of Notes who validly tendered and did not withdraw their Notes on or prior to the Early Participation Date will receive the Total Consideration, which includes an early participation amount of $50.00 per $1,000 principal amount of Notes. The Withdrawal Date occurred at 5:00 p.m., New York City time, on June 4, 2025, and has not been extended. The Tender Offer is scheduled to expire on June 20, 2025, unless extended or terminated.

The Company anticipates that settlement of Notes accepted for purchase will occur on June 9, 2025.