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Bond BBBY 2044 5,165% usd US075896AC47 come l'Araba Fenice Vol.2

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Io comunque una cosa così non l'ho mai vista da parte di una società in default!

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waltermasoni ha scritto:
Good !!Vedi l'allegato 2877391
Clicca per espandere...

https://bedbathandbeyond.gcs-web.co...beyond-inc-announces-proposed-offering-series


Bed Bath & Beyond Inc. Announces Proposed Offering of Series A Convertible Preferred Stock and Warrants


UNION, N.J., Feb. 6, 2023 /PRNewswire/ -- Bed Bath & Beyond Inc. (the "Company") (Nasdaq: BBBY) today announced a proposed underwritten public offering (the "Offering") of (i) shares of the Company's Series A convertible preferred stock (the "Series A Convertible Preferred Stock"), (ii) warrants to purchase shares of Series A Convertible Preferred Stock and (iii) warrants to purchase the Company's common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the actual size or terms of the Offering. The Company expects to raise approximately $225 million of gross proceeds in the Offering together with an additional approximately $800 million of gross proceeds through the issuance of securities requiring the holder thereof to exercise warrants to purchase shares of Series A Preferred Stock in future installments assuming certain condition are met. The Company cannot give any assurances that it will receive any or all of the proceeds of the Offering.


The Company intends to use the net proceeds from the initial closing of the Offering, along with $100 million to be drawn under its amended and upsized FILO Facility, to repay outstanding revolving loans under its ABL Facility in accordance with the terms of an amendment to the Company's Credit Agreement waiving existing defaults thereunder (the "Amendment") to be entered concurrently with the initial closing of the Offering. Under the Amendment, the Company will be required to use availability under its credit facilities to make the missed interest payment on its senior notes by March 3, 2023. Outstanding revolving loans repaid using net proceeds of the Offering may be reborrowed, subject to availability under the ABL Facility, and the Company expects to use those borrowings for general corporate purposes, including, but not limited to, rebalancing the Company's assortment and building back the Company's inventory. In addition, proceeds from the conversion of warrants to purchase shares of Series A Convertible Preferred Stock will be used to further repay outstanding amounts under the ABL Facility with 50% of such conversion amounts being applied against the borrowing base of the ABL Facility. Such repaid amounts may be reborrowed subject to availability under the ABL Facility.
B. Riley Securities is acting as sole book-running manager for the Offering.
The securities are being offered pursuant to an automatically effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ("SEC") on August 31, 2022, as amended. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the Offering will be filed with the SEC and may be obtained, when available, from: B. Riley Securities, Inc., by telephone at (703)-312-9580 or by email at prospectuses@brileyfin.com or by accessing the SEC's website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
 
Sono di fretta perché sono al Cell ma.. chi diavolo si prende delle preferred in questa situazione, con seniority sotto i nostri unsecured?!
Signori, questo è un bluff o un takeover..
 
Se ci riescono sono tanti tanti soldi.
devono pero’ riuscire.
raccogliessero il previsto i prezzi attuali scordiamoli .
se pero‘…
 
The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the actual size or terms of the Offering.

The Company cannot give any assurances that it will receive any or all of the proceeds of the Offering.

Under the Amendment, the Company will be required to use availability under its credit facilities to make the missed interest payment on its senior notes by March 3, 2023.

Ho selezionato 3 frasi.

Dalle prime due, si capisce che stanno all'ultima spiaggia e stan provando a fare una scommessa dell'ultimo secondo. :o

Dall'ultima frase, mi sembra che stiano ammettendo ufficialmente di non aver pagato le cedole :angel:
 
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