Bed Bath & Beyond Creditor Group Seeks to Sweeten Debt Swap Plan

A group of Bed Bath & Beyond creditors is seeking better terms on part of a bond swapthe retailer proposed last month in a bid to reduce its debt load, according to people with knowledge of the matter.

Members of the group hold more than 30% of the company’s 3.749% notes due 2024 and are asking for changes to the swap as a condition of participation, according to the people, who asked not to be named discussing private communications. Their requests include a higher exchange price on a class of new second-lien 2027 notes the company is offering to ...