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

Core Viewpoint - Bread Financial Holdings, Inc. has announced the launch of an underwritten public offering of depositary shares representing a 1/40th interest in its Non-Cumulative Perpetual Preferred Stock, Series A, with a liquidation preference of $25 per Depositary Share [1] Group 1: Offering Details - The offering will be listed on The New York Stock Exchange, and the net proceeds will be used for general corporate purposes, including potential contributions to Comenity Capital Bank and share repurchases [2] - The offering is being managed by Wells Fargo Securities, J.P. Morgan Securities, Morgan Stanley, and RBC Capital Markets as joint bookrunners [3] - The offering is made under an effective registration statement filed with the SEC, and a final prospectus supplement will be available on the SEC's website [4] Group 2: Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to millions of U.S. consumers, including general-purpose credit cards and savings products [6]