New York, August 13, 2021 – Proskauer, a leading international law firm, announced today that it advised Bed Bath & Beyond Inc. in refinancing and upsizing 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.
A longstanding Proskauer client, 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.
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