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

Bread Financial Holdings, Inc. announced a public offering of depositary shares representing interests in its Series B Preferred Stock, with each share having a $25 liquidation preference. The company plans to list these shares on the New York Stock Exchange and use the proceeds for general corporate purposes, including potential loans to its subsidiary bank and share repurchases. The offering is underwritten by several major financial institutions and is subject to market conditions. This move aims to strengthen Bread Financial's capital base and support its ongoing business operations and growth strategies.