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.
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