Bed Bath & Beyond Just Made Its Past Due Interest Payments
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Bed Bath & Beyond said Wednesday it had paid interest on bonds that was due a month ago, as the embattled retailer resolves its most immediate financial problems using a rescue package.
The company said in a statement that it made the interest payments that had been due Feb. 1 to holders of its senior notes. Bed Bath (ticker: BBBY) had entered a 30-day grace period to make good on those payments in early February after warning investors that it was considering filing for bankruptcy.
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