Bed Bath’s Bonds Downgraded to CCC- by S&P
US retailer Bed Bath & Beyond’s (BBBY) senior unsecured bonds were downgraded to CCC- from CCC by S&P. The rating agency left the issuer-level rating unchanged at CCC, having only recently downgraded the company. BBBY issued a new first-in-last-out...
Bed Bath Plans Raising Money via New Shares and Inks $500mn in Financing; Dollar Bonds Jump
Troubled American retailer Bed Bath & Beyond announced a plan to raise money by issuing new shares. It also said that it signed deals worth of $500mn in financing, adding that it would close down 150 of its 953 stores, cut jobs and overhaul its merchandising...
Bed Bath Nears $370mn Loan as it Hopes to Pay Debt and Build Balance Sheet
US retailer Bed Bath and Beyond (BBBY) is said to have come close to securing a a $370mn loan from investment firm Sixth Street, WSJ reported. The company is looking to shore up its liquidity, balance sheet, and repay debt. As of May, BBBY had cash & cash...
