Bed Bath & Beyond Is Said to Tap Kirkland for Debt Help (1)

Aug. 18, 2022, 9:23 PM UTC

Bed Bath & Beyond Inc. hired law firm Kirkland & Ellis to help it address a debt load that’s become unmanageable amid a sales slump, according to a person with knowledge of the decision.

Kirkland, typically known for its dominance in restructuring and bankruptcy situations, was tapped to advise the retailer on options for raising new money, refinancing existing debt, or both, according to the person, who asked not to be named discussing private company plans.

Much of Bed Bath & Beyond’s bonds and loans are trading at distressed levels, while an army of retail “memestock” investors sent its ...

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