Bread Financial launches public offering of Series B Preferred Stock depositary shares

BREAD FINANCIAL HOLDINGS, INC.

Offering of depositary shares, each representing 1/40th interest in Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.
Liquidation preference $25 per depositary share ($1,000 per preferred share).
Net proceeds for general corporate purposes, may include contribution to Comenity Capital Bank and share repurchases.
Joint bookrunners: Morgan Stanley, RBC, UBS, Wells Fargo, Keefe Bruyette & Woods.
Offering subject to market conditions; no assurance of completion.

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