Bed, Bath & Beyond Inc.

NASDAQ:BBBY   4:00:00 PM EDT
0.59
-0.21 (-26.23%)
4:44:20 PM EDT: $0.59 0.00 (0.07%)
Debt Financing / Related, Earnings Announcements, Bankruptcy / Related

Bed Bath & Beyond - To Consider All Strategic Alternatives, Including Restructuring Debt Under U.S. Bankruptcy Code

Published: 01/26/2023 20:41 GMT
Bed, Bath & Beyond Inc. (BBBY) - Bed Bath & Beyond Inc Says Company Does Not Have Sufficient Resources to Repay Amounts Under Credit Facilities - Sec Filing.
Bed Bath & Beyond Inc Says Co to Consider All Strategic Alternatives, Including Restructuring Debt Under U.S. Bankruptcy Code.
Bed Bath & Beyond - on Jan 25, Received a Notice of Acceleration and Default Interest From Jpmorgan Chase Bank, N.
A Under Amended Credit Agreement.
Bed Bath & Beyond - Jpmorgan Chase Bank, N.
A Determined to Exercise Certain Rights and Remedies Available Pursuant to the Amended Credit Agreement.
Bed Bath & Beyond - Jpm to Exercise Rights Such That All Outstanding Loans Under Credit Facilities, Other Obligations Are Due and Payable Immediately.
Bed Bath & Beyond - Jpm to Exercise Rights Such That Co is Required to Cash Collateralize Letter of Credit Obligations Under the Credit Facilities.
Bed Bath & Beyond - From Jan 25, All Outstanding Loans and Obligations Under Credit Facilities Shall Have Additional Default Rate of 2% per Annum.
Further Company Coverage: Bbbyo ((reuters.
Briefs@thomsonreuters.
Com;)).
Revenue is expected to be $1.38 Billion
Adjusted EPS is expected to be -$1.98

Next Quarter Revenue Guidance is expected to be $1.04 Billion
Next Quarter EPS Guidance is expected to be -$1.47

More details on our Analysts Page.