Breaking: Bed Bath & Beyond secured investor backing for a more than $1 billion equity-financing deal to stave off bankruptcy, people familiar with the matter said
Bed Bath & Beyond Inc. has secured investor backing for a more than $1 billion capital raise to stave off bankruptcy and try to turn around its flagging business, people familiar with the matter said.
The offering of convertible stock and warrants, coupled with a $100 million additional credit line from one of its lenders, is expected to save the troubled retailer from the near-term chapter 11 filing it has warned about for weeks. Bed Bath & Beyond has received investor commitments to raise $225 million of equity capital initially and the rest of the more than $1 billion offering over time, according to people familiar with the matter.
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Bed Bath & Beyond in Wilmette to close as retailer shuts down locations nationwideWilmette’s Bed Bath & Beyond in Edens Plaze will be closing as the financially-troubled retailer is paring down operations nationwide. No final closing date has been announced.
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Bed Bath & Beyond's stock soars as much as 120% as retailer nears bankruptcyBed Bath & Beyond Inc.'s stock undefined spiked as much as 120% Monday even as the retailer indicated it has missed payments to debt holders and could file...
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Bed Bath & Beyond plans to sell shares in bid to avoid bankruptcyStruggling retailer Bed Bath & Beyond said Monday it plans to sell shares of the company in hopes of generating enough cash to avoid filing for bankruptcy.
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Bed Bath & Beyond moves to raise $1 bln as bankruptcy clouds loomBed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants, in a last-ditch effort to stave off bankruptcy.
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