other material
confidence high
sentiment neutral
materiality 0.55
Bread Financial prices $75M preferred stock offering; net proceeds ~$72.6M
BREAD FINANCIAL HOLDINGS, INC.
- Offering of 3,000,000 depositary shares at $25/share, each representing 1/40th interest in 8.625% Series A Preferred Stock.
- Expected net proceeds of approximately $72,637,500 after underwriting discounts and expenses.
- Proceeds for general corporate purposes, including potential contributions to Comenity Capital Bank and share repurchases.
- Closing expected on November 25, 2025; joint bookrunners: Wells Fargo, J.P. Morgan, Morgan Stanley, RBC.
- Company will apply to list depositary shares on NYSE.