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 “2029 Notes”) and the Company’s 8.375% Fixed-Rate Reset Subordinated Notes due 2035 (the “2035 Notes” and, together with the 2029 Notes, the “Notes”) validly tendered (and not validly withdrawn) pursuant to the Tender Offers.
Related Questions
What is the total amount of notes tendered and how does it affect Bread Financial's capital structure?
How will the expiration of the tender offers impact the liquidity and pricing of the 9.750% Senior Notes due 2029 and 8.375% Subordinated Notes due 2035?
What are the expected market reactions to the tender results and could this trigger a revaluation of BFH's equity or credit rating?