Financing ·
Prices $120M of depositary shares representing interests in Series C Preferred Stock
BFHBread Financial Holdings, Inc.
Bread Financial Holdings priced an underwritten public offering of 5,000,000 depositary shares, each representing a 1/40th interest in its 9.375% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C. The company granted the underwriters an option to purchase up to an additional 750,000 depositary shares at the same price within 30 days. Net proceeds are expected to be approximately $120,162,500 after deducting underwriting discounts and offering expenses, with closing expected on November 3, 2026. Proceeds will be used for general corporate purposes, including lending to its subsidiary bank or share repurchases. Bread Financial is a tech-forward financial services company providing payment, lending, and saving solutions to U.S. consumers.