Bread Financial Announces Public Offering of Series C Preferred Depositary Shares
Bread Financial (BFH) has launched an underwritten public offering of depositary shares, which represent a fractional interest in its Series C fixed-rate reset non-cumulative perpetual preferred stock. Each depositary share is valued at a $25 liquidation preference, corresponding to a full $1,000 per preferred share. The offering aims to provide the company with additional capital through the issuance of preferred equity. This move allows Bread Financial to strengthen its balance sheet and potentially fund future growth or strategic initiatives via this fixed-rate reset structure.
Tickers: $BFH
Topics: Capital Raising Preferred Stock Public Offering
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