Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Bread Financial Holdings (BFH)

Bread Financial launches public offering of Series C preferred depositary shares

Neutral Impact 3 of 5 financing

Bread Financial announced the launch of an underwritten public offering of depositary shares, each representing a 1/40th interest in its Series C Non-Cumulative Perpetual Preferred Stock, with a $25 liquidation preference per depositary share. The company intends to use net proceeds for general corporate purposes, which may include contributing or lending funds to its subsidiary bank, Comenity Capital Bank, and share repurchases. The filing does not state the offering size, and completion depends on market and other conditions.

Key points

  • Each depositary share has a $25 liquidation preference, equivalent to $1,000 per Series C preferred share
  • Proceeds may go to general corporate purposes, including the subsidiary bank Comenity Capital Bank and share repurchases
  • The company expects to apply to list the depositary shares on the New York Stock Exchange
  • Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are joint bookrunners

The filing

CompanyBread Financial Holdings (BFH)
Form8-K, current report
Filed with the SECOct 27, 2026, 8:12 AM ET
Accession number0001101215-26-000095

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.