Bread Financial Launches Series C Preferred Stock Offering

10:27 AM EDT, 10/27/2026 (MT Newswires) -- Bread Financial Holdings (BFH) launched an underwritten public offering of depositary shares representing interests in its Series C preferred stock, the company said Tuesday. Each depositary share represents a 1/40th interest in a share of the preferred stock and carries a liquidation preference of $25, the company said. Bread Financial said it expects to apply to list the depositary shares on the New York Stock Exchange. The company said it intends to use the net proceeds for general corporate purposes, including potentially contributing or lending a portion of the proceeds to subsidiary Comenity Capital Bank and repurchasing shares. Price: 102.77, Change: +1.05, Percent Change: +1.03