Beyond Meat Launches Exchange Offer to Eliminate Over $800M of Debt
Beyond Meat moved to strengthen its balance sheet and cut more than $800 million of debt with the launch of an exchange offer for convertible bonds.
The plant-based meat company said Monday it commenced an offer to exchange all of its 0% convertible senior notes due 2027 for a pro rate portion of up to $202.5 million in new 7.0% convertible secured convertible notes due 2030 and up to 326.2 million shares.
The offer is aimed at reducing debt leverage and extending...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.