---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-294761"
form_type: "8-K"
ticker: "BFH"
cik: "0001101215"
company_name: "BREAD FINANCIAL HOLDINGS, INC."
filed_at: "2025-11-25T23:59:59+00:00"
generated_at: "2026-05-16T16:47:24.444355+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-294761
- form_type: 8-K
- ticker: BFH
- cik: 0001101215
- company_name: BREAD FINANCIAL HOLDINGS, INC.
- filed_at: 2025-11-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101215/000119312525294761/0001193125-25-294761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101215/000119312525294761/d48032d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-294761
- JSON: https://secwatch.observer/filing/0001193125-25-294761.json
- Plain text: https://secwatch.observer/filing/0001193125-25-294761.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101215/000119312525294761/0001193125-25-294761-index.htm

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