Bed Bath & Beyond in Exchange Offers of Outstanding Senior Notes

Cleary Gottlieb represented Bed Bath & Beyond Inc. (Bed Bath & Beyond) in the launch of its offers to exchange its outstanding 3.749% senior notes due 2024, 4.915% senior notes due 2034, and 5.165% senior notes due 2044 for newly issued 3.693% senior second-lien secured non-convertible notes due 2027, 8.821% senior second-lien secured convertible notes due 2027, and 12% senior third-lien secured convertible notes due 2029.

In conjunction with the exchange offers, Bed Bath & Beyond is soliciting consents from holders of each series of its existing notes to certain proposed amendments to the indenture governing such notes.

The exchange offers and consent solicitations launched on October 18, 2022, and are initially scheduled to expire on November 15, 2022, unless extended or earlier terminated.

Bed Bath & Beyond and subsidiaries is an omnichannel retailer that makes it easy for our customers to feel at home. Bed Bath & Beyond sells a wide assortment of merchandise in the home, baby, beauty, and wellness markets.

For more information, please see the press release here.