Bed Bath & Beyond chapter 11 filing聽
We are advising the ABL agent in connection with the restructuring
麻豆入口 is advising the administrative agent under an asset-based revolving credit agreement among Bed Bath & Beyond Inc., and other parties in connection with Bed Bath & Beyond鈥檚 chapter 11 restructuring. On April 23, 2023, Bed Bath & Beyond filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the District of New Jersey. In conjunction with the debtors鈥 post-petition financing, the prepetition revolving lenders agreed to allow the debtors to use their cash collateral in exchange for adequate protection liens and superpriority claims on all of the debtors鈥 prepetition assets and substantially all of the debtors鈥 post-petition assets. The Court approved the debtors鈥 access to cash collateral, along with the debtor-in-possession financing, on an interim basis at the debtors鈥 鈥渇irst-day鈥 hearing held on April 24, 2023.
Bed Bath & Beyond Inc. was founded in 1971 and is an iconic American retailer that sells a wide assortment of home and baby-related products. Its brands include Bed Bath & Beyond and buybuy BABY.
The 麻豆入口 restructuring team includes partners Marshall S. Huebner and Adam L. Shpeen, counsel Steven Z. Szanzer and associates Michael Pera and Jinhe Hu. The finance team includes partner Kenneth J. Steinberg, counsel Benjamin Cheng and associates Bernard Tsepelman, Majd Atalla and Jaynie Doe. The capital markets team includes partner Marcel Fausten and associate Michael Jiang. The litigation team includes partners Michael S. Flynn and Benjamin S. Kaminetzky and counsel Marc J. Tobak. All members of the 麻豆入口 team are based in the New York office.