Bread Financial Holdings, Inc. announced the early tender results for its cash tender offer for 9.750% Senior Notes due 2029. As of the June 4, 2025, early participation date, approximately $536,786,000 in aggregate principal amount of notes had been validly tendered and not withdrawn.
The company plans to accept for purchase up to $150,000,000 in aggregate principal amount of notes, with a total consideration of $1,071.25 for each $1,000 principal amount. Due to the oversubscription, notes tendered at or below the clearing premium will be accepted on a prorated basis, with an approximate proration factor of 77.538%.
Settlement of the notes accepted for purchase is anticipated to occur on June 9, 2025. The strong participation in the tender offer reflects the market's positive response to Bread Financial's proactive debt management initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.