Bed Bath & Beyond missed interest payments on its bonds, after it warned in January of a potential bankruptcy filing and said it's running low on funds
The home-goods retailer in January warned of a potential bankruptcy filing and said it is running low on funds
Bed Bath & Beyond recently warned it may be filing for bankruptcy soon. WSJ’s Suzanne Kapner explains the roller coaster of events over the past six months that led to this low point for the company. Illustration: John McColganBed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines.
The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a spokeswoman for the company confirmed Wednesday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bed Bath & Beyond to close its Lewisville facility, putting 374 out of workBed Bath & Beyond is exploring all options, including bankruptcy reorganization. It’s been closing stores in recent months.
Read more »
Exclusive: Bed Bath & Beyond preparing to file bankruptcy as soon as this weekBed Bath & Beyond Inc is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the matter said on Monday.
Read more »
Bed Bath & Beyond could file for bankruptcy this week, report saysMeme stock darling Bed Bath & Beyond is ready to file for bankruptcy this week, report says
Read more »
Bed Bath & Beyond likely to file for bankruptcy this week - Reuters By Investing.comBed Bath & Beyond likely to file for bankruptcy this week - Reuters
Read more »
Bed Bath & Beyond closing 87 additional stores, including 2 in JacksonvilleStruggling home goods retailer Bed Bath \u0026 Beyond is set to close dozens of additional stores, including two in Jacksonville. Here's what we know.
Read more »
2 More Chicago-Area Bed, Bath & Beyond Stores Set to CloseThe updated list of Bed, Bath & Beyond store closures includes 10 stores in Illinois.
Read more »