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Why Bed Bath & Beyond Stock Was Slipping Today

TheMotleyFool

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Why Bed Bath & Beyond Stock Was Slipping TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were pulling back today after the struggling retailer announced another debt exchange.

The stock closed down 5.3% as a result.

In a press release this morning, Bed Bath & Beyond said it was entering into a privately negotiated exchange agreement with institutional investors, having lenders exchange notes due in 2024, 2034, and 2044 with a combined face value of $69 million for 11.7 million shares of common stock.

Source Fool.com

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