Bread Financial Prices 5 Million Series C Preferred Depositary Shares
Bread Financial priced 5,000,000 depositary shares at $25 each, representing 1/40th of its 9.375% fixed-rate reset non-cumulative perpetual Series C preferred. The offering is expected to generate approximately $120.2 million in net proceeds; underwriters have a 30-day option to purchase up to 750,000 additional shares.
Bread Financial priced 5,000,000 depositary shares, each 1/40th of a 9.375% fixed rate reset non-cumulative perpetual Series C preferred, at $25 per share, for approx. $120.2M in net proceeds. Underwriters have a 30-day option for up to 750,000 more.Material DetailsContext by AI AnalystThis is a mi…