Bed Bath & Beyond announced that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District...
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April 24, 2023, 08:00 AM
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Bed Bath & Beyond announced the closing of an underwritten public offering (the "Offering") of (i) shares of the Company's Series A convertible preferred stock (the "Series A Convertible Preferred Stock"), (ii) warrants to purchase shares of Series A...
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February 08, 2023, 07:54 AM
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Reuters reported Bed Bath & Beyond said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank, triggering a 22% slump in its shares.The company said in a regulatory filing it does not have sufficient resources to repay...
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January 27, 2023, 08:00 AM
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Bed Bath & Beyond successfully completed its previously disclosed financing agreements. The Company has secured more than $500 million of new financing, including its newly expanded $1.13 billion asset-backed revolving credit facility ("ABL...
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September 02, 2022, 08:00 AM
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Bed Bath & Beyond amended its asset-based revolving credit facility. The revised and expanded ABL Facility increases the Company's capacity from $850 million to $1.0 billion with improvements to borrowing terms and financial covenants. Among other...
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August 10, 2021, 07:56 AM
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Bed Bath & Beyond Inc. announced that its Board of Directors approved the planned closure of approximately 200 mostly Bed Bath & Beyond stores over the next two years as part of the Company's real estate optimization program.In an SEC filing the...
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July 13, 2020, 09:05 AM
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Bed Bath & Beyond Inc. announced it has further strengthened its liquidity position by executing an $850 million three-year secured asset-based revolving credit facility (ABL Facility) with a syndicate of banks. The ABL Facility expires in June 2023...
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June 22, 2020, 09:15 AM
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