Bread Financial Launches Offering of Depositary Shares Representing Series C Preferred Stock

By Public Technologies12:13 (UTC), 27 October 2026 Updated

Bread Financial launched an underwritten public offering of depositary shares.
Each depositary share represents a 1/40th interest in its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C.
The liquidation preference is $25 per depositary share, equivalent to $1,000 per preferred share.
Net proceeds are intended for general corporate purposes, potentially including funding Comenity Capital Bank or share repurchases.
The company expects to apply to list the depositary shares on the New York Stock Exchange.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bread Financial Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001101215-26-000095), on October 27, 2026, and is solely responsible for the information contained therein.