Bread Financial Holdings, Inc. Announces $500 Million Senior Notes Offering

Bread Financial Holdings, Inc. (the "Company") has entered into a purchase agreement to issue $500 million aggregate principal amount of 6.750% senior notes due 2031. The notes will be sold in a private offering to qualified institutional buyers under Rule 144A and Regulation S of the Securities Act of 1933. The offering is expected to close on November 6, 2025, subject to customary closing conditions. The net proceeds from the offering, along with approximately $275 million of cash on hand, will be used to redeem the Company's outstanding 9.750% Senior Notes due 2029. The purchase agreement includes customary representations, warranties, and conditions to closing. The Company has also issued a press release related to the pricing of the notes.