Replies to post #1228 on Bed Bath & Beyond Inc (fka BBBYQ)

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ByEliza Ronalds-Hannon and Rachel Butt
August 25, 2022 at 11:35 AM EDT
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Bed Bath & Beyond Inc. is looking to mortgage its prized Buybuy Baby brand in its urgent effort to raise financing as sales slump, cash runs low and unpaid vendors withhold shipments.

Company management is in exclusive talks with Sixth Street Partners for a new line of credit of around $375 million, which would be backed by assets including the baby brand, according to people with knowledge of the discussions who asked not to be named because they are private. The loan isn’t final and could change.

https://www.bloomberg.com/news/articles/2022-08-25/bed-bath-beyond-s-grasp-for-cash-puts-baby-brand-on-the-line