---
schema_version: "secwatch.filing_event.v1"
accession: "0001101215-25-000198"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:32:24.076939+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bread Financial prices $75M preferred stock offering; net proceeds ~$72.6M

## Summary
- 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.

## SEC filing metadata
- accession: 0001101215-25-000198
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000198/0001101215-25-000198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000110121525000198/bfh-20251120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101215-25-000198
- JSON: https://secwatch.observer/filing/0001101215-25-000198.json
- Plain text: https://secwatch.observer/filing/0001101215-25-000198.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.