Bed Bath & Beyond Inc. Completes Interest Payment for Senior Notes

Rhea-AI Summary

Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced the completion of interest payments on its Senior Notes, which had a due date of February 1, 2023. Holders of the 3.749% Senior Notes due in 2024, 4.915% Senior Notes due in 2034, and 5.165% Senior Notes due in 2044 received their payments on February 28, 2023, as per the Special Record Date of February 27, 2023. The Bank of New York Mellon acts as the trustee for these Senior Notes, ensuring that the interests of bondholders are managed appropriately.

Positive

• Payment of interest on Senior Notes completed timely.
• Positive cash flow management as evidenced by fulfilling debt obligations.

Negative

• None.

Interest Paid on February 28, 2023

UNION, N.J., March 1, 2023 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced the payment of interest due as of February 1, 2023 (the "February 1^st Interest") on the Company's 3.749% Senior Notes due 2024, 4.915% Senior Notes due 2034 and 5.165% Senior Notes due 2044 (collectively, the "Senior Notes"). As previously announced, holders of Senior Notes as of February 27, 2023, the Special Record Date, received payment of the February 1^st Interest on February 28, 2023.

The Bank of New York Mellon serves as trustee of the Senior Notes.

About the Company

Bed Bath & Beyond Inc. and subsidiaries (the "Company") is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise primarily in the Home and Baby markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

The Company operates websites at bedbathandbeyond.com and buybuybaby.com.

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SOURCE Bed Bath & Beyond

FAQ

What recent financial announcement did Bed Bath & Beyond make regarding its Senior Notes?

Bed Bath & Beyond announced the payment of interest on its Senior Notes, due as of February 1, 2023, completed on February 28, 2023.

What are the interest rates on Bed Bath & Beyond's Senior Notes?

The Senior Notes have interest rates of 3.749% due in 2024, 4.915% due in 2034, and 5.165% due in 2044.

Who serves as the trustee for Bed Bath & Beyond's Senior Notes?

The Bank of New York Mellon serves as the trustee for Bed Bath & Beyond's Senior Notes.

When was the interest payment for Bed Bath & Beyond's Senior Notes made?

The interest payment for Bed Bath & Beyond's Senior Notes was made on February 28, 2023.