Bread Financial Holdings initiating a cash tender offer for $150 million of senior notes.

From Nasdaq: 2025-05-21 08:24:00

Bread Financial Holdings, Inc. has announced a cash tender offer to buy up to $150 million of its 9.750% senior notes maturing in March 2029. The offer will expire on June 20, with an early participation deadline on June 4, 2025. The company will determine the total consideration for each $1,000 of notes through a modified Dutch Auction procedure. Holders who participate early may receive an additional $50 for each $1,000 of notes tendered. Payments for accepted notes are expected to be made on June 9 and June 25, 2025.



Read more at Nasdaq: Bread Financial Holdings Starts Cash Tender Offer For $150 Mln Of Senior Notes