09:32 AM EDT, 08/09/2024 (MT Newswires) -- Bread Financial Holdings ( BFH ) said Friday it has signed separate repurchase agreements with a limited number of holders of its 4.25% convertible senior notes due 2028 to repurchase $237.6 million total principal amount of the notes for a cash repurchase price of roughly $350 million.

The financial services company said it expects to close the repurchases before the end of its current fiscal quarter.

Upon closing, roughly $78.6 million principal amount of the notes will remain outstanding, it added.

Bread shares up 5.7% in early Friday.

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