Bread Financial prices $120M preferred stock offering at 8.875% dividend rate

Filed May 6, 2026 · Period ending May 5, 2026 · ~1 min read

Key Changes

• high

  Company priced 4.8 million depositary shares at $25 each, representing fractional interests in new Series B perpetual preferred stock paying 8.875% dividends. Total raise of $120 million, with potential $18 million more if underwriters exercise their option.

  Item 8.01 verify on EDGAR →
• medium

  Proceeds earmarked for general corporate purposes, including potential capital contributions to subsidiary bank Comenity Capital Bank or share buybacks. Bank capital injection could strengthen regulatory position.

  Item 8.01 verify on EDGAR →
• medium

  Underwriters granted 30-day option to purchase additional 720,000 depositary shares (15% greenshoe) at same $25 price, standard for offerings of this type.

  Item 8.01 verify on EDGAR →