Beyond Meat launches exchange offer, consent solicitation to eliminate debt
Beyond Meat (BYND) has commenced an exchange offer to exchange any and all of its 0% Convertible Senior Notes due 2027 for a pro rata portion of up to $202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and up to 326,190,370 shares of its common stock. Beyond Meat President and CEO Ethan Brown commented, “As we continue our business transformation, we have simultaneously worked to strengthen our balance sheet and are today pleased t ...