Strengthens Liquidity and Long-Term Financial Position
Company Now Expects Nearly All Stores to Re-Open by July 2020
BOPIS and Contactless Services Extended to Vast Majority of Stores
UNION, N.J., June 22, 2020 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ:BBBY) today announced it has further strengthened its liquidity position by executing an $850 million three-year secured asset-based revolving credit facility (ABL Facility) with a syndicate of banks. The ABL Facility expires in June 2023 and replaces the Company's existing unsecured revolving credit facility allowing for borrowings up to $250 million.