{"id":544142,"date":"2023-01-27T03:11:00","date_gmt":"2023-01-27T00:11:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/whats-next-for-bed-bath-beyond-after-defaulting-on-its-loans\/"},"modified":"2023-01-27T03:11:00","modified_gmt":"2023-01-27T00:11:00","slug":"whats-next-for-bed-bath-beyond-after-defaulting-on-its-loans","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/whats-next-for-bed-bath-beyond-after-defaulting-on-its-loans\/","title":{"rendered":"#: What\u2019s next for Bed Bath &amp; Beyond after defaulting on its loans?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28c87fdce5b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28c87fdce5b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/whats-next-for-bed-bath-beyond-after-defaulting-on-its-loans\/#%E2%80%9C_Whats_next_for_Bed_Bath_Beyond_after_defaulting_on_its_loans%E2%80%9D\" >&#8220;: What\u2019s next for Bed Bath &amp; Beyond after defaulting on its loans?&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/whats-next-for-bed-bath-beyond-after-defaulting-on-its-loans\/#Troubled_home-goods_retailer_discloses_that_it_is_in_default_on_loans_that_have_been_called_in_sending_its_stock_plunging\" >Troubled home-goods retailer discloses that it is in default on loans that have been called in, sending its stock plunging<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/whats-next-for-bed-bath-beyond-after-defaulting-on-its-loans\/#James_Rogers\" >James Rogers<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Whats_next_for_Bed_Bath_Beyond_after_defaulting_on_its_loans%E2%80%9D\"><\/span>&#8220;: What\u2019s next for Bed Bath &amp; Beyond after defaulting on its loans?&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Troubled_home-goods_retailer_discloses_that_it_is_in_default_on_loans_that_have_been_called_in_sending_its_stock_plunging\"><\/span>\n  Troubled home-goods retailer discloses that it is in default on loans that have been called in, sending its stock plunging<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001606490\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001606490\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Troubled home-goods retailer Bed Bath &amp; Beyond Inc. disclosed in a filing Thursday that it was in default on loans that have been called in, sending its stock plunging. <\/p>\n<p> The filing comes just three weeks after\u00a0Bed Bath &amp; Beyond<br \/>\n        BBBY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209801102\/composite\" class=\"negative\">-22.22%<\/bg-quote><br \/>\n       said\u00a0it may need to declare bankruptcy.\u00a0The struggling company, which was recently threatened with having its stock delisted for being late with its Form 10-Q quarterly report, finally filed its quarterly report with the U.S. Securities and Exchange Commission on\u00a0Thursday.<\/p>\n<div class=\"paywall\">\n       The filing also contained information that Bed Bath &amp; Beyond had defaulted on loans earlier this month. Executives were informed Wednesday by banker JPMorgan Chase &amp; Co.\u00a0<br \/>\n        JPM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205971034\/composite\" class=\"positive\">+0.62%<\/bg-quote><br \/>\n       that the debt was due im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely.<\/p>\n<p><strong>See also: Bed Bath &amp; Beyond stock plunges more than 20% after filing shows default on loans<\/strong><\/p>\n<p>Howard Ehrenberg, a bankruptcy and reorganization practice partner\u00a0at the law firm Greenspoon Marder, thinks that Bed Bath &amp; Beyond\u2019s bankruptcy filing could be imminent. \u201cMy best assumption is that BBB will file before the bank takes action to seize the assets,\u201d he told MarketWatch via email Thursday. \u201cThe loan documents most assuredly give the bank the right to take control of the company and the inventory.\u201d<\/p>\n<p>\u201cIf there really was an equity-for-debt deal, it would have been announced to blunt the impact of the default notice,\u201d he added.<\/p>\n<p>The lawyer, who is not involved in Bed Bath &amp; Beyond\u2019s efforts to resolve its financial woes, recently told MarketWatch that the retailer is likely running out of cash.<\/p>\n<p><strong>Related: As specter of bankruptcy looms over Bed Bath &amp; Beyond, what\u2019s next for the troubled retailer?<\/strong><\/p>\n<p>Bed Bath &amp; Beyond\u2019s stock plunged 22.2% on Thursday. The stock has fallen 81.8% in the last 12 months, outpacing the S&amp;P 500 Index\u2019s<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+1.10%<\/bg-quote><br \/>\n       decline of 6.2%.<\/p>\n<p>\u201cAs we consider all paths and strategic alternatives, we continue to work with our advisers and implement actions to manage our business as efficiently as possible,\u201d a Bed Bath &amp; Beyond spokesperson said in an email Thursday. \u201cAs is our practice, we do not comment on speculation. We will update all stakeholders on our plans as they develop and finalize.\u201d<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>On Jan. 10, Bed Bath &amp; Beyond announced the closure of almost 130 stores, just days after saying it may need to declare bankruptcy. The announcement that the sometime meme-stock darling may need to declare bankruptcy sent Bed Bath &amp; Beyond\u2019s stock sinking toward a 30-year low and followed a turbulent few years marked by\u00a0strategic missteps, cash burn, challenging\u00a0underlying business trends\u00a0and the impact of the COVID-19 pandemic.<\/p>\n<p><em>Additional reporting by Jeremy Owens.<\/em><\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"James Rogers\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/james-rogers\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/jamesjrogers\",\"text\":\"@jamesjrogers\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:james.rogers@marketwatch.com\",\"text\":\"james.rogers@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"James_Rogers\"><\/span>James Rogers<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"271_MW\" author-name=\"James Rogers\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fwhats-next-for-bed-bath-beyond-after-defaulting-on-its-loans-11674778287%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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