Bread Financial Announces Pricing of Private Offering of $400 million of Subordinated Notes
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Bread Financial Holdings, Inc. has announced the pricing of a $400 million private offering of 8.375% fixed-rate reset subordinated notes due 2035. The offering is expected to close on March 10, 2025, and generate approximately $395 million in net proceeds.
March 06, 2025 | 12:15 am
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Bread Financial has priced a $400 million private offering of subordinated notes, expected to close on March 10, 2025, with net proceeds of $395 million.
The successful pricing of the $400 million notes offering indicates strong investor demand and confidence in Bread Financial's financial stability. The net proceeds of $395 million will provide the company with additional capital, potentially supporting growth initiatives or debt management, which is positive for the stock.
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