The Chicago Entrepreneur

: Bed Bath & Beyond makes interest payment that was due a month ago, stock extends slide

Bed Bath & Beyond Inc. BBBY announced Wednesday that it made the interest payments on senior notes that were due Feb. 1. The home goods retailer’s stock fell 1.4% in premarket trading, after plunging 50.0% in February to record its second worst monthly performance since going public in 1992. The company said that holders of the 3.749% senior notes due 2024, the 4.915% senior notes due 2034 and the 5.165% senior note due 2044 as of the special record date of Feb. 27, as previously reported, received the interest payments due Feb. 1 on Feb. 28. Shares of the company, which has been under the threat of bankruptcy, have plummeted 91.5% over the past 12 months while the S&P 500 SPX has slipped 7.8%.

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