Bed Bath & Beyond said in a regulatory filing it does not have sufficient resources to repay the amounts under the credit facilities, adding it will consider all strategic alternatives
said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank N.A., triggering a 22 per cent slump in its shares.
“While not completely unexpected, today’s default notice … underlines the company is living on both borrowed time and money,” said Neil Saunders, managing director of GlobalData.
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