Bed Bath & Beyond asset sales, Sixth Street considers bankruptcy debt: Bloomberg News – Business & Finance
Bed Bath & Beyond Inc. is considering a sale of assets and intellectual property as part of a possible bankruptcy filing that could come as soon as this week. bloomberg news reported citing people with knowledge of the situation.
The home goods retailer is also looking to secure funding from US-based investment firm Sixth Street Partners to support its operations through Chapter 11 proceedings, but plans could still change. bloomberg news Reported on Friday.
Bed Bath & Beyond did not respond to a request for comment, while Sixth Street Partners declined to comment.
In January, reuters It is reported that the embattled retailer was negotiating a loan to help it navigate bankruptcy proceedings, with Sixth Street in talks to provide some funding.
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The investment firm loaned Bed Bath and Beyond $375 million in 2022.
Bed Bath & Beyond raised doubts about its ability to continue as a going concern in January, just months after announcing more than $500 million in new financing, job cuts and closing 150 stores.
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