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Bread Financial Reports Tender Offer Expiration, Bond Buyback Results

BY MT Newswires | CORPORATE | 08/22/25 08:23 AM EDT

08:23 AM EDT, 08/22/2025 (MT Newswires) -- Bread Financial Holdings (BFH) said Friday that its previously announced cash tender offers dated July 24, expired on Thursday.

The company said that for the 9.750% senior notes due 2029, bondholders tendered $31.3 million worth of bonds from the $750 million outstanding. It also noted that it paid $1,070 per $1,000 bond tendered.

The company also said that for the 8.375% fixed-rate reset subordinated notes due 2035, bondholders tendered $121,000 worth of bonds from the $400 million outstanding. The company paid $1,025 per $1,000 bond tendered.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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