fintech / news / / The Manila Times
Bread Financial Holdings, Inc. announced today the pricing of its previously announced underwritten public offering of 4,800,000 depositary shares.
Bread Financial priced 4,800,000 depositary shares of its 8.875% Series B Preferred Stock.
KEY POINTS
- The net proceeds from the offering are expected to total approximately $115.32 million.
- The company granted underwriters a 30-day option to purchase up to 720,000 additional shares.
- Proceeds may be used for subsidiary bank funding and share repurchases.
- Bread Financial will apply to list the Depositary Shares on the New York Stock Exchange.
COMPANIES
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