Bread Financial Launches Offering of Depositary Shares Representing Series C Preferred Stock
Bitget2026/10/27 12:13- Bread Financial launched an underwritten public offering of depositary shares.
- Each depositary share represents a 1/40th interest in its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C.
- The liquidation preference is $25 per depositary share, equivalent to $1,000 per preferred share.
- Net proceeds are intended for general corporate purposes, potentially including funding Comenity Capital Bank or share repurchases.
- The company expects to apply to list the depositary shares on the New York Stock Exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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