Bread Financial Announces Pricing of an Offering of Depositary Shares Representing Interests in Its Series C Preferred Stock
Bread Financial priced an underwritten offering of 5,000,000 depositary shares representing 1/40th interests in its 9.375% Fixed Rate Reset Series C Preferred Stock, with a $25 liquidation preference per depositary share. The deal includes a 30-day option for underwriters to buy up to 750,000 additional shares, and the offering is expected to close November 3, 2026 with approximately $120.2 million in net proceeds.
Key figures
- Deal Value Usd
- 120162500
- Shares Offered
- 5000000
- Coupon rate
- 9.375%
- Closing date
- 2026-11-03
- Depositary ratio
- 1/40th interest per share of Series C Preferred Stock
- Greenshoe shares
- 750000
- Liquidation preference
- $25 per Depositary Share
AI analysis
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