Proskauer advised Bed Bath & Beyond on the deal.
Bed Bath & Beyond Inc. executed the refinancing and upsizing of its existing credit facility with a $1 billion five-year asset-based revolving credit facility (ABL Facility) with a syndicate of large commercial banks.
The ABL Facility expires in August 2026 and replaces the company’s existing $850 million ABL, which Proskauer advised the company on last year in the early days of the pandemic.
Bed Bath & Beyond Inc. is an omnichannel retailer that makes it easy for its customers to feel at home. The company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets.
The Proskauer team advising Bed Bath & Beyond was led by partner Andrew Bettwy (Finance; Picture) and included associates Ryan Harris (Finance) and Sarah Moore (PCG).
Law Firms: Proskauer Rose;
Clients: Bed, Bath & Beyond;