Antelope Valley Press

Bed Bath & Beyond says it’s in default on loans

NEW YORK — Bed Bath & Beyond says it’s in default on its loans and doesn’t have sufficient funds to repay what it owes. The home goods chain based in Union, N.J., said in a Securities and Exchange Commission filing, Thursday, that the default would force the company to look at alternatives including restructuring its debt in bankruptcy court. Bed Bath & Beyond’s stock fell 22% in reaction to the news.

BUSINESS

en-us

2023-01-27T08:00:00.0000000Z

2023-01-27T08:00:00.0000000Z

https://avpress.pressreader.com/article/282239489760349

Alberta Newspaper Group