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Bed Bath & Beyond lands on a lender: report

bed-bath-&-beyond-lands-on-a-lender:-report

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.

Source: Marketwatch

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