Beyond Meat Said to Pursue New Borrowing to Shore Up Liquidity

Plant-based burger maker Beyond Meat Inc. is sounding out investors to borrow as much as $250 million from private credit lenders, its second such attempt in less than 12 months, according to people with knowledge of the matter.

The Los Angeles-based producer of meat substitutes is working with PJT Partners on the outreach for a new senior secured loan, said the people, who declined to be identified as the details are private.

Although the financing is for general corporate purposes, the debt could be used to tackle some of the company’s $1.15 billion of convertible bonds that are due in ...