Bed Bath & Beyond Boosts Liquidity With New $850M Credit Line
Bed Bath & Beyond (NASDAQ: BBBY) was already in trouble before the coronavirus outbreak, but says the "unparalleled challenge of the COVID-19 pandemic" is threatening its operations. To ensure it comes out intact on the other side, the home goods retailer announced it has vastly expanded its unsecured revolving credit facility.
The new $850 million credit line will replace Bed Bath & Beyond's existing $250 million facility, which will strengthen its balance sheet and liquidity position.
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Source Fool.com
