Bread Financial (BFH) intends to offer, subject to market and other conditions, $500M aggregate principal amount of senior notes in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The Company intends to use the net proceeds from the Notes offering, together with approximately $275M of cash on hand, for the redemption in full of its outstanding 9.750% Senior Notes due 2029.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BFH:
- Bread Financial Announces $500M Senior Notes Offering
- Bread Financial price target raised to $70 from $64 at RBC Capital
- Bread Financial price target raised to $55 from $53 at Morgan Stanley
- Bread Financial price target raised to $68 from $63 at TD Cowen
- Bread Financial price target raised to $72 from $70 at JPMorgan