Here are the 424B prospectus supplements from BFHIV (BFHIV) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BFHIV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BFHIV filings page.
Bread Financial is offering 4,800,000 depositary shares (each representing a 1/40th interest in a share of its Series B Preferred Stock), at a public offering price of $25.00 per depositary share, for total gross proceeds of $120,000,000. The depositary shares represent 120,000 shares of 8.875% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.
The initial dividend is fixed at 8.875% per annum through the First Reset Date, with dividends payable quarterly beginning on September 15, 2026. After the First Reset Date the dividend rate will reset each five years to the Five-Year U.S. Treasury Rate plus 4.804%. Dividends are non-cumulative and payable only if declared by the Board and if funds are lawfully available.
Bread Financial granted the underwriters an option to purchase up to an additional 720,000 depositary shares to cover over-allotments. Net proceeds are intended for general corporate purposes, including potential contributions or loans to its subsidiary bank and share repurchases.
Bread Financial is offering depositary shares, each representing a 1/40th interest in a share of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25 per depositary share (equivalent to $1,000 per share). Dividends, if declared, will be payable quarterly on March 15, June 15, September 15, and December 15, beginning on September 15, 2026. Dividends are non-cumulative and will reset on the First Reset Date of December 15, 2031 and each subsequent five-year reset period based on a stated formula tied to the Five-Year U.S. Treasury Rate plus a spread.
The Series B Preferred Stock is perpetual, ranks senior to common stock but junior to Bread Financial’s indebtedness, and may be optionally redeemed by the company on or after the First Reset Date or following a regulatory capital treatment event if Bread Financial becomes a Regulated Institution. Bread Financial intends to apply to list the depositary shares on the NYSE under the symbol BFH PrB. The prospectus supplement discloses that, as of March 31, 2026, total liabilities of Bread Financial and its subsidiaries were approximately $19.0 billion, and Bread Financial’s total liabilities were approximately $0.8 billion.