Bread financial™ announces partial repurchase of 4.25% convertible senior notes due 2028

Columbus, ohio, aug. 09, 2024 (globe newswire) -- bread financial holdings, inc. (nyse: bfh) (“bread financial” or the “company”) announced today that it has entered into separate, privately negotiated repurchase agreements with a limited number of holders of its 4.25% convertible senior notes due 2028 (the “notes”) to repurchase (the “repurchases”) $237.6 million aggregate principal amount of the notes for an aggregate cash repurchase price of approximately $350.0 million.  the final aggregate cash repurchase price is subject to adjustment as a portion of the repurchase price will be based in part on the daily volume-weighted average price per share of the company's common stock over an agreed measurement period beginning on, and including, august 9, 2024.
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