MAY 22·Stock Titan▲
Bread Financial (NYSE: BFH) director adds 698 shares in open-market buy
John J. Fawcett, a director at Bread Financial (NYSE: BFH), purchased 698 shares of the company's common stock in an open-market transaction at $86.43 per share. This purchase increases his direct ownership to 11,000 shares, which includes 8,198 unrestricted shares and 2,802 unvested restricted stock units. The insider transaction signals a positive sentiment from management regarding the company's prospects.
MAY 7·Stock Titan→
[424B5] BREAD FINANCIAL HOLDINGS, INC. Prospectus Supplement (Debt Securities)
Bread Financial Holdings, Inc. is offering 4.8 million depositary shares, each representing a 1/40th interest in its Series B Preferred Stock, at $25.00 per depositary share, aiming for $120 million in gross proceeds. The Series B Preferred Stock will have an initial fixed dividend rate of 8.875% per annum until the First Reset Date, after which the rate will reset based on the Five-Year U.S. Treasury Rate plus 4.804%. The net proceeds, estimated at $115.3 million, are intended for general corporate purposes, including loans to a subsidiary bank and share repurchases.