Bed Bath & Beyond lands on a lender: report

0
13

Bed Bath & Beyond Inc. BBBY, +18.00% is in exclusive talks with Sixth Street Partners for a loan of close to $400 million, the Wall Street Journal reported Wednesday afternoon. The Journal reported on Tuesday that the struggling retailer had picked a loan partner, and the more recent report provides a name and some of the deal structure, based on people familiar with the matter. While negotiations are ongoing, the Journal reported that the loan is a first-in-last-out facility. Bed Bath & Beyond shares ended the day’s trading with an 18% gain at $10.36.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleEarnings Results: Nvidia sales forecast falls about $1 billion short of expectations, stock falls
Next articleBiden to cancel up to $10,000 in student debt, doubled for Pell Grant recipients

LEAVE A REPLY

Please enter your comment!
Please enter your name here