Bed Bath & Beyond (BBBY) works with external financial advisors and lenders to strengthen the balance sheet

August 18, 2022 8:00 a.m. EDT

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(Updated – August 18, 2022 8:11 a.m. EDT)

Bed Bath & Beyond (NASDAQ: BBBY) revealed:

On August 17, 2022, in response to certain media inquiries, Bed Bath & Beyond Inc. (the “Company”) issued the following statement:

“We are delighted to have entered into a constructive agreement with RC Ventures in March and are committed to maximizing value for all shareholders. We continue to implement our priorities to improve liquidity, make strategic changes and improve operations to win back customers and generate cost savings; everything to restore our company’s heritage as the best destination for home, for all stakeholders. Specifically, we have been working quickly over the past few weeks with external financial advisors and lenders on strengthening our balance sheet, and the company will provide more information in an update later this month.

Information furnished herein pursuant to this Section 7.01 of this Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). , or otherwise subject to the responsibilities of this Section, and shall not be incorporated by reference in any registration statement or other document under the Securities Act of 1933, as amended, or the Exchange Act , unless expressly stated otherwise by specific reference in such filing.

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Shirlene J. Manley