Bread Financial Holdings, Inc. announced the pricing of a public offering of 5 million depositary shares representing interests in its Series C Preferred Stock, with an option for underwriters to purchase an additional 750,000 shares. The offering is expected to raise approximately $120 million in net proceeds, which the company plans to use for general corporate purposes, including potential loans to its subsidiary bank and share repurchases. The shares are expected to be listed on the New York Stock Exchange, with the closing anticipated on November 3, 2026. This move supports Bread Financial's financial flexibility and growth strategy amid a competitive financial services market.
Bread Financial announced a public offering of depositary shares. For readers following Financials, here is Pluang's market snapshot as of Oct 28, 2026 06:51 WIB: 78 of 142 Financials stocks rose, 64 fell. Notable movers include WULF at USD 12.67 (+5.76%), HOOD at USD 87.62 (-5.62%), and CLSK at USD 8.20 (+5.53%).
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