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Bed Bath & Beyond Offers to Exchange Senior Notes. S&P Global Downgrades the Debt.

Por: MarketWatch Business October 18, 2022

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“We believe this transaction will put us in a stronger financial position going forward by significantly reducing our debt and interest expense upon a successful completion,” said interim CEO Sue Gove. “By proactively focusing on our Senior Notes, we also intend to address the maturity of our and any impact they may have on our current and future business.” For each $1,000 principal amount of old notes tendered, holders of the 3.749%... + full article



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