Bloomberg Law
Aug. 16, 2022, 4:57 PM

Bed Bath & Beyond Debt Rises Amid Meme Stock Wave

Olivia Raimonde
Olivia Raimonde
Bloomberg News

Debt tied to Bed Bath & Beyond Inc. rose Tuesday amid a wave of meme stock buying and a rally in the company’s shares.

  • The company’s 3.749% bond due 2024 rose 2 cents on the dollar to 51.75 cents, while its 5.165% notes due 2044 gained 2.5 cents to trade at 31.5 cents as of 12:46 p.m. in New York, according to Trace bond trading data
  • The debt was among the top gainers in high-yield

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