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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bed Bath & Beyond Completes New $375MM FILO Loan with Sixth Street Partners
Tuesday, September 6, 2022
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Lenders/Participants
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Sixth Street Partners [FILO Agent, FILO Lender]
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Structure
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First-in-Last-Out (FILO) Facility
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Amount
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$375.000
Million
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Borrower(s)
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Bed Bath & Beyond
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Description
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The Company has secured more than $500 million of new financing, including its newly expanded $1.13 billion asset-backed revolving credit facility ("ABL facility") and a new $375 million "first-in-last-out" facility ("FILO facility"). The refinancing of the ABL facility was led by J.P. Morgan, and Sixth Street Partners is serving as the Lender and Agent for the Company's FILO facility. The enhanced liquidity is expected to be utilized to support immediate strategic priorities to drive traffic and sales and gain back customer relevance, including rebalancing the assortment and inventory position.
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Industry
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Retail
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| Related Tags |
Bed Bath & Beyond, J.P. Morgan
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ABL Advisor
Deal Tables
2025
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