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Bed Bath and Beyond Is Said to Mull Private Loans for Liquidity

Aug. 3, 2022, 4:11 PM

Bed Bath & Beyond Inc.is considering tapping the private credit market to boost liquidity as the struggling retailer burns through its cash.

Company management consulted with direct lenders about a potential new asset-based credit line, according to people with knowledge of the talks who asked not to be named because the talks are private. The company had about $108 million in cash and equivalents at the end of May, down from $1.1 billion a year earlier.

The retailer’s talks with private credit providers are preliminary and it is still weighing other options, the people said.

A representative for the ...