BREAD FINANCIAL HOLDINGS, INC. (BFH) Form 424B5 — Oct 27, 2026
Bread Financial Holdings filed a preliminary prospectus supplement (424B5) to offer depositary shares, each representing a 1/40th interest in a share of its new Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, with a $25 liquidation preference per depositary share. The offering terms — share count, dividend rate, reset spread, and net proceeds — are all left blank pending pricing. Dividends are quarterly and non-cumulative, with a fixed rate until the First Reset Date of December 15, 2031, after which the rate resets to the Five-Year U.S. Treasury Rate plus a spread.
Key figures
- Liquidation Preference
- $25 per depositary share ($1,000 per Series C preferred share)
- Preferred Shares Outstanding
- 210,000 (75,000 Series A, 135,000 Series B)
- Total Liabilities As Of Sep30 2026
- approximately $19.9 billion
- Par Value
- $0.01 per share
- Reset Formula
- Five-Year U.S. Treasury Rate plus spread
- Listing Symbol
- BFH PrC (NYSE)
- First Reset Date
- December 15, 2031
- Dividend Frequency
- quarterly, non-cumulative
- First Dividend Payment Date
- March 15, 2027
AI analysis
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