Bread Financial issues 3M depositary shares of 8.625% Non-Cumulative Perpetual Preferred Series A for $75M

BREAD FINANCIAL HOLDINGS, INC.

Issued 3M depositary shares of 8.625% Non-Cumulative Perpetual Preferred (Series A) for $75M liquidation.
Underwriting agreement with Wells Fargo, J.P. Morgan, Morgan Stanley, RBC Capital Markets dated Nov 20, 2025.
Certificate of Designations filed Nov 25, 2025, amending certificate of incorporation for Series A terms.
Dividend restrictions on junior stock if preferred dividends not declared for prior period.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.8

BREAD FINANCIAL HOLDINGS, INC. issued 3,000,000 depositary shares of preferred stock to public investors for not specified.

Security: preferred stock
Shares: 3,000,000 depositary shares
Purchaser: public investors
Consideration: not specified

Exact text from the filing

On November 25, 2025, the Company issued and sold 3,000,000 depositary shares (the “Depositary Shares”), each representing a 1/40th interest in a share of the Series A Preferred Stock.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BREAD FINANCIAL HOLDINGS, INC.: Filed Certificate of Designations establishing terms of 8.625% Non-Cumulative Perpetual Preferred Stock, Series A, amending the Third Amended and Restated Certificate of Incorporation (effective 2025-11-25).

Change: charter amendment
Effective: 2025-11-25

Exact text from the filing

The Certificate of Designations became effective November 25, 2025 after filing with the Secretary of State of the State of Delaware on November 24, 2025 and it amends the Company’s Third Amended and Restated Certificate of Incorporation.

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BREAD FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-294761

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