Bed Bath & Beyond Raises About $225M in New Stock Offering, Doing Its Best to Avoid Bankruptcy

2月 17, 2023

On February 7th, American home goods retailer Bed Bath & Beyond announced that it had raised approximately $225 million through a stock offering, and may raise an additional $800 million over the next 10 months. Bed Bath & Beyond is attempting to avoid bankruptcy through this move.
According to sources familiar with the matter, asset management firm Hudson Bay Capital Management was the main investor in the Bed Bath & Beyond stock offering. In addition, Bed Bath & Beyond received an additional $100 million loan from one of its lenders, Sixth Street Partners.
In a secur …