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Open original source ↗Well I guess $BYND is finally doing its equity offering.
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Beyond Meat $BYND launched a debt exchange offer to cut leverage by about $800M. The company is swapping $1.15B of 0% notes due 2027 for new 7% secured notes due 2030 plus up to 326M shares. Holders of ~47% of notes already back the deal, which requires 85% participation. Early tenders by Oct. 10 will get $176.09 in new notes and 283.64 shares per $1,000 of old notes.
wallstengine ↗