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Stocks•6 May 2026•

1 min read

Bread Financial Prices Public Offering of Series B Preferred Stock

Key Facts

1Bread Financial announced the pricing of a public offering of 4,800,000 depositary shares representing interests in Series B Preferred Stock.

2The fixed interest rate for the preferred stock was set at 8.875% with a liquidation preference of $25 per depositary share.

3The company granted underwriters an option to purchase up to an additional 720,000 depositary shares for a 30-day period.

Bread Financial Holdings, Inc. has announced the pricing of a public offering of 4,800,000 depositary shares, each representing a fractional interest in its Series B Preferred Stock. The fixed interest rate for the offering was set at 8.875% with a liquidation preference of $25 per depositary share. Additionally, the company has granted underwriters a 30-day option to purchase up to an additional 720,000 depositary shares. This capital-raising activity is intended to bolster the company's balance sheet through the issuance of non-cumulative perpetual preferred stock. Major financial institutions, including Morgan Stanley, RBC Capital Markets, and UBS Securities, are managing the offering. The 8.875% yield reflects current market conditions for such instruments and the associated funding costs for the issuer.