Beyond Meat Craters Amid Debt Restructuring Efforts

27 days ago

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"Beyond Meat, shares just cratered today, down 36%, lowest on record. The company made an offer to debt holders that would erase more than $800 million of debt. The offer allows debt holders to replace convertible notes with new bonds and shares of common stock with 47% of holders already agreeing to the exchange."

Beyond Meat (BYND) is experiencing a significant downturn, with shares dropping 36% following its proposal to restructure debt. The effort, intended to replace convertible notes with new bonds and common stock, has garnered approval from nearly half of its debt holders, underscoring severe market pressure.

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