Bread Financial Announces Launch of an Offering of Depositary Shares Representing Interests in Its Series C Preferred Stock
Globe Newswire•27/10/2026•08:10 ET
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Key Highlights
- ➤Bread Financial launches offering of Series C preferred depositary shares
- ➤Each depositary share represents 1/40th interest with $25 liquidation preference
- ➤Company expects to list depositary shares on the New York Stock Exchange
- ➤Net proceeds may fund subsidiary bank contributions, general purposes, and share repurchases
- ➤Offering completion remains subject to market conditions and is not assured
COLUMBUS, Ohio, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today the launch of an underwritten public offering of depositary shares (the “Depositary Shares”), each representing a 1/40th interest in a share of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.01 per share (the “Series C Preferred Stock”), with a liquidation preference of $25 per Depositary Share (equivalent to $1,000 per share of Series C Preferred Stock).
The Company expects to apply to list the Depositary Shares on The New York Stock Exchange.
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