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Replies to post #3211 on Bed Bath & Beyond Inc (fka BBBYQ)
Talc Moan
03/08/23 10:04 PM
#3226 RE: Stevenvegas #3211
addition to the proceeds already received by the Company during February 2023, and the requirement to receive an additional $100,000,000 of proceeds under the Equity Commitment Documents on or prior to April 6, 2023, and every twenty-two trading days thereafter. The Amendment also includes certain other amendments, modifications or supplements to certain other terms and provisions as more specifically contemplated therein. The Amendment also contemplates additional reserves which shall be applied against the Company’s revolving borrowing base. Pursuant to the Amendment, the Administrative Agent and the FILO Agent may perform desktop inventory appraisals. Under the Amended Credit Agreement, the Company continues to be required to repay any outstanding revolving loans under the revolving credit facility with any net cash proceeds received pursuant to certain of the Equity Commitment Documents and to submit a monthly budget (with the next budget being due on April 18, 2023
03/08/23 10:10 PM
#3227 RE: Stevenvegas #3211
addition to the proceeds already received by the Company during February 2023, and the requirement to receive an additional $100,000,000 of proceeds under the Equity Commitment Documents on or prior to April 6, 2023, and every twenty-two trading days thereafter. The Amendment also includes certain other amendments, modifications or supplements to certain other terms and provisions as more specifically contemplated therein. The Amendment also contemplates additional reserves which shall be applied against the Company’s revolving borrowing base. Pursuant to the Amendment