Goldman Talks With Private Credit for Beyond Meat Capital [BNN Bloomberg (Canada)]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: BNN Bloomberg
The bank has been asking direct lenders to commit about $250 million of capital to Beyond Meat, said the people, who asked not to be identified as the details are private. The senior secured debt would be used for general corporate purposes and potentially repurchase some of Beyond Meat's $1.15 billion convertible bond at a discount, they added. A Goldman Sachs spokesperson declined to comment and a representative for Beyond Meat didn't immediately respond. The Los Angeles-based producer of meat substitutes has had liquidity struggles for some time while trying to find a path to profitability, announcing an 8% cut to the workforce last November. Beyond Meat's shares are at just 3% of the high notched following 2019's initial public offering and the convertible bond trades at deeply distressed levels of under 25 cents on the dollar, according to data compiled by Bloomberg. The firm's struggles aren't unique as overall sector sales have softened. But Bloomberg Intelligence strate
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BYND
News
- Iowa Farm Coop Landus Launches Tech Startup Aimed at Growers [BNN Bloomberg (Canada)]BNN Bloomberg
- Exclusive-Impossible Foods CEO says company will raise cash with or without IPO [Yahoo! Finance]Yahoo! Finance
- Exclusive: Impossible Foods CEO says company will raise cash with or without IPO [Reuters]Reuters
- Beyond Meat® to Report First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
- Goldman Talks With Private Credit for Beyond Meat Capital [Yahoo! Finance]Yahoo! Finance
BYND
Earnings
- 2/27/24 - Miss
BYND
Sec Filings
- 4/26/24 - Form 3
- 4/22/24 - Form 8-K
- 4/17/24 - Form 4
- BYND's page on the SEC website