Beyond Meat announces early tender results, settlement for exchange offer

Beyond Meat (BYND) announced the early tender results of its previously announced exchange offer to exchange any and all of its 0% Convertible Senior Notes due 2027 for a pro rata portion of up to $202.5M in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and up to 326,190,370 shares of its common stock. As of 5:00 p.m., New York City time, on October 10, 2025, based on information provided by MacKenzie Partners, Inc., which is acting as the exchange agent and information agent for the Exchange Offer, $1,114,603,000 in aggregate principal amount of Existing Convertible Notes was validly tendered in the Exchange Offer and not validly withdrawn and related consents to the Proposed Amendments were validly delivered and not validly withdrawn as of such time. It was a condition to the Exchange Offer that a minimum of 85% of the aggregate principal amount of Existing Convertible Notes shall have been validly tendered. The Tendered Notes represent 96.92% of the aggregate outstanding principal amount of Existing Convertible Notes. As a result, the Company also announced that it will consummate the early settlement with respect to the Tendered Notes, which is expected to occur on October 15, 2025, the second business day immediately following the Early Tender Date.