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 story : Bed Bath & Beyond extends exchange offers for certain debt securities #FinanceUSA #StockMarketNEWS Bed Bath & Beyond Inc. said MOnday it has further extended offers to exchange some of its outstanding

@stockMarketNEWS 18 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Bed Bath & Beyond extends exchange offers for certain debt securities #FinanceUSA #StockMarketNEWS
Bed Bath & Beyond Inc. said MOnday it has further extended offers to exchange some of its outstanding debt securities for cheaper debt to reflect changes to some of the new notes. The troubled retailer said it's now offering to exchange 3.749% senior notes that mature in 2024 for new 3.693% senior second lien secured non-convertible notes that mature in 2027 and/or new 8.821% senior second lien secured convertible notes maturing in 2027, at the option of the holder. The company will exchange its 4.915% senior notes that mature in 2034 for new 12.000% senior third lien secured convertible notes due 2029, and 5.165% senor notes that mature in 2044 for new third lien convertible notes. The exchanges will now expire on Dec.5, instead of Nov. 18. Shares were flat premarket and have fallen 77% in the year to date, while the S&P 500 has fallen 17%.


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