COLUMBUS, Ohio, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced that as of 5:00 p.m., New York City time, on August 6, 2025 (the “Early Participation Date”), pursuant to and in accordance with its previously announced cash tender offers (the “Tender Offers”) described in the Offer to Purchase, dated July 24, 2025 (as it may be amended or supplemented, the “Offer to Purchase”), $28,402,000 in aggregate principal amount of the Company’s 9.750% Senior Notes due 2029 (the “2029 Notes”) and $121,000 in aggregate principal amount of the Company’s 8.375% Fixed-Rate Reset Subordinated Notes due 2035 (the “2035 Notes” and, together with the 2029 Notes, the “Notes”) had been validly tendered (and not validly withdrawn) on or prior to the Early Participation Date and such Notes are expected to be accepted for purchase for Total Consideration (as defined below) (excluding accrued interest payable) of $1,070 for each $1,0
Related Questions
What is the timeline for the remaining notes to be tendered after the Early Participation Date and how might that influence future market dynamics?
Will the early tender results trigger any covenant or credit rating changes for Bread Financial?
What is the total cash outlay required for the tender and how will it affect Bread Financial's liquidity and balance sheet?
What is the expected effect on the yield spread of Bread Financial's remaining outstanding debt after the tender?
What is the expected impact of the tender offer on Bread Financial's share price and trading volume?
Are there any tax implications for shareholders who hold the notes being tendered?
How does the $1,070 per $1,000 principal consideration compare to the current market price of the notes and the company's stock?
Will the tender result lead to any changes in the company's capital allocation strategy or future financing plans?
How might the tender offer influence investor sentiment toward Bread Financial's long‑term growth prospects?
How does this tender offer compare to similar actions taken by peer companies in the financial services sector?
Is there any indication that the company will issue new debt or equity to replace the tendered notes?
How does the redemption of the 9.750% Senior Notes due 2029 and 8.375% Subordinated Notes due 2035 affect the company's overall debt maturity profile?