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Bread Financial Prices $500 Million Private Debt Offering

BY MT Newswires | CORPORATE | 10/29/25 04:44 AM EDT

04:44 AM EDT, 10/29/2025 (MT Newswires) -- Bread Financial (BFH) said late Tuesday it priced a $500 million private offering of 6.75% senior notes due 2031 at 100% of their principal amount, for about $493 million in expected net proceeds.

Proceeds from the offering, set to close Nov. 6, along with $275 million in cash, would be used to fully redeem the company's 9.75% senior notes due 2029.

Bread Financial (BFH) shares were down 1.4% in recent premarket activity Wednesday.

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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