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Bed Bath & Beyond Completes Its Equity Offering

Sabrina Escobar
·1 min read
Bed Bath & Beyond Completes Its Equity Offering

Bed Bath & Beyond has successfully closed its equity offering, the company said Tuesday. Bed Bath (ticker: BBBY) received initial proceeds of approximately $225 million in the offering and expects to receive an additional $800 million in future installments. The offer’s completion means that Bed Bath can enter into a new agreement with creditors, which waives any outstanding defaults and rescinds requests for the company to repay the loans in full immediately.

Continue reading

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