Bread Financial Announces Pricing of an Offering of Depositary Shares Representing Interests in Its Series B Preferred Stock

Bread Financial priced an underwritten public offering of 4.8 million depositary shares, each representing a 1/40th interest in its 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The offering is expected to generate approximately $115.3 million in net proceeds, which the company intends to use for general corporate purposes, including contributing capital to its subsidiary bank Comenity Capital Bank and share repurchases.

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