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Bread Financial prices $115M offering of preferred stock depositary shares to fund corporate needs and share buybacks.

Company Fundamentals
05 May 2026
GlobeNewsWire
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Neutral
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Bread Financial Holdings, Inc. has priced a public offering of 4.8 million depositary shares representing interests in its Series B preferred stock, with an option for underwriters to buy an additional 720,000 shares. The offering is expected to raise approximately $115.3 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 depositary shares will be listed on the New York Stock Exchange, and the offering is scheduled to close on May 12, 2026, subject to customary conditions. This move supports Bread Financial's financial flexibility and growth strategies.

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