Bread Financial Announces Launch of an Offering of Depositary Shares Representing Interests in Its Series C Preferred Stock

Bread Financial launched an underwritten public offering of depositary shares representing interests in its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, with a liquidation preference of $25 per depositary share. The company plans to list the depositary shares on the NYSE and will use net proceeds for general corporate purposes, potentially including funding its subsidiary bank Comenity Capital Bank and share repurchases.

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