Bread Financial (Alliance Data) starts tender offer for 4¾% notes

Chicago, June 8 – Bread Financial Holdings, Inc. (previously known as Alliance Data Systems Corp.) started a tender offer for any and all of its $850 million outstanding 4¾% senior notes due 2024 (Cusips: 018581AK4, U01797AH9) on Thursday, according to a press release.

The company is offering a purchase price of $980 per $1,000 note. Accrued interest will also be paid to the settlement date.

The tender offer will expire at 5 p.m. ET on June 14.

There are guaranteed delivery procedures, and notes tendered by that method are due by June 16.

Settlement is expected on June 20.

The company announced a new offering of convertible notes on Thursday morning.

J.P. Morgan Securities LLC is the sole lead dealer manager (866 834-4666, 212 834-4087).

BMO Capital Markets Corp., BNP Paribas Securities Corp., CIBC World Capital Markets Corp., KeyBanc Capital Markets Inc., Scotia Capital (USA) Inc., Truist Securities, Inc., RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc. are working as co-dealer managers.

D.F. King & Co., Inc. is the information and tender agent for the offer (888 628-1041, 212 269-5550, bread@dfking.com, www.dfking.com/breadfinancial).

Bread Financial is a Columbus, Ohio-based marketing services provider.

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