Bread Financial to repay portion of term loans

By Mary-Katherine Stinson

Lexington, Ky., Dec. 11 – Bread Financial Holdings, Inc. plans to use the proceeds of its $500 million offering of 5.25-year senior notes to repay a portion of the term loans under its credit facility, according to a press release and a market source.

The company also plans to fully redeem its 4¾% senior notes due 2024.

Bread Financial is a Columbus, Ohio-based financial services company.

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