bed bath and beyond
The move to raise capital has depressed its shares and lifted its bonds as investors try to understand the terms of a watered down and highly complex offering.
The troubled retailer, which had said it faced the prospect of bankruptcy if it can’t raise $1.025 billion in the share offering, said Tuesday night it has completed the deal. That generated initial gross receipts of approximately $225 million, while management expects to receive an additional $800 million in future installments, if certain conditions are met.