Bed Bath & Beyond misses interest payments, weighs Chapter 11, WSJ reports

Bed Bath & Beyond failed to pay more than $28M on three tranches of notes totaling roughly $1.2B due on February 1, a week after its lenders sent the company a default notice because it was overdrawn on its credit lines, The Wall Street Journal’s Soma Biswas reports. The coupon miss, which was confirmed by a company spokeswoman, comes nearly a month after the company raised the possibility of filing for bankruptcy and said it was running low on funds. Bed Bath & Beyond is expected to enter chapter 11 soon, The Journal previously said, citing people familiar with the matter. Reference Link