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Bread Financial Announces Pricing of an Offering of Depositary Shares Representing Interests in Its Series B Preferred Stock
COLUMBUS, Ohio, May 05, 2026 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today the pricing of its previously announced underwritten public offering of 4,800,000 depositary shares (the “Depositary Shares”), each representing a 1/40th interest in a share of its 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share (the “Series B Preferred Stock”), with a liquidation preference of $25 p
About this update from Bread Financial Holdings, Inc.
[{"type":"image","alt":"Bread Financial Payments, Inc.","displaySize":"","headline":null,"caption":"Bread Financial Payments, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":43,"url":"https://media.zenfs.com/en/globenewswire.com/c27b8819b7b632514abbced3595e40ff"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2wzA8_W9YAnSTjp8FmpYhw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYw/https://media.zenfs.com/en/globenewswire.com/c27b8819b7b632514abbced3595e40ff","width":300,"height":43}},"lazy":false},{"type":"text","content":"COLUMBUS, Ohio, May 05, 2026 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today the pricing of its previously announced underwritten public offering of 4,800,000 depositary shares (the “Depositary Shares”), each representing a 1/40th interest in a share of its 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share (the “Series B Preferred Stock”), with a liquidation preference of $25 per Depositary Share (equivalent to $1,000 per share of Series B Preferred Stock). In addition, pursuant to the underwriting agreement, dated May 5, 2026, between the Company and Morgan Stanley & Co., LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC and Keefe, Bruyette & Woods, Inc., as representatives for the underwriters named therein (the “Underwriters”), the Company granted the Underwriters an option to purchase up to an additional 720,000 Depositary Shares at the same price for a period of 30 days following May 5, 2026.","length":1067,"tagName":"p"},{"type":"text","content":"The Company expects to apply to list the Depositary Shares on The New York Stock Exchange.","length":90,"tagName":"p"},{"type":"text","content":"The closing of the offering of the Depositary Shares is expected to occur on May 12, 2026, subject to the satisfaction of customary closing conditions, and is expected to result in approximately $115,320,000 in net proceeds to the Company, assuming no exercise of the Underwriters’ option, after deducting the underwriting discounts and the estimated offering expenses payable by the Company.","length":392,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the sale of the Depositary Shares for general corporate purposes, ...