Bread Financial raises $135M through 8.875% Series B preferred stock issuance

BREAD FINANCIAL HOLDINGS, INC.

Issued 5,400,000 depositary shares (each 1/40th interest in Series B Preferred) at $1,000 liquidation preference per share, raising ~$135M.
Series B is 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock.
Underwriting led by Morgan Stanley, RBC Capital Markets, UBS Securities, Wells Fargo Securities, and KBW.
Dividends on Series B must be declared before any dividends or repurchases of junior or parity stock if Series B dividends unpaid.
Certificate of designations filed with Delaware Secretary of State effective May 12, 2026.

Key facts

Extracted from this filing and checked against the source text.

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

BREAD FINANCIAL HOLDINGS, INC.: Filed Certificate of Designations establishing Series B Preferred Stock, amending the certificate of incorporation (effective 2026-05-12).

Change: charter amendment
Effective: 2026-05-12

Exact text from the filing

The Certificate of Designations became effective May 12, 2026 after filing with the Secretary of State of the State of Delaware on May 11, 2026 and it amends the Company’s Third Amended and Restated Certificate of Incorporation.

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42 governance changes filed in the last 30 days. Browse all governance changes →

BREAD FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-218648

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