Why Bed Bath & Beyond Stock Was Slipping Today
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