Beyond Meat Stock Plunges On Major Restructuring (NASDAQ:BYND)

Beyond Meat Stock Plunges On Major Restructuring (NASDAQ:BYND)

Beyond Meat, Inc. plunged after announcing a major debt restructuring, exchanging 2027 notes for new 2030 debt and stock. Click here to read why BYND is a Sell.

Beyond Meat Stock Sinks on Convertible Debt Writedown Proposal

Plant-based meat producer Beyond Meat Inc. shares are plunging after making debtholders an offer that will erase more than $800 million of debt, but also most of the stock’s value.

Beyond Meat’s shares slump as debt exchange offer launched

Beyond Meat’s shares took another hammering as the loss-making alt-protein maker launched a debt swap and equity exchange.The post Beyond Meat’s shares slump as debt exchange offer launched appeared first on Just Food.

Should You Buy the Massive Dip in Beyond Meat Stock?

Beyond Meat stock crashes over 55% as the company announces major debt restructuring. But investors should avoid buying the dip in BYND shares today.

Beyond Meat Stock Sinks to All-Time Low After Proposal To Wipe Off $800M of Debt

3 Mins Read US plant-based giant Beyond Meat has proposed an exchange offer for convertible bonds to eliminate over $800M of debt, sending its stock to a record low. Beyond Meat’s shares plunged to $1.23, a 36% drop, on Monday, the lowest in its six-year history as a public company. The vegan meat giant’s stock was down by nearly 82% from 12 months ago, following the announcement of an exchange offer that would wipe out more than $800M of the co…

Debt deal buys Beyond Meat time, but there's 'no strategy to get out of the hole,' says alt protein investor

Beyond Meat stock fell to a record low on Monday after the firm moved to restructure its debt, aiming to cut leverage and buy time for a turnaround. The loss-making firm has debts of $1.2 billion thanks to an offering of convertible notes made in March 2021 that will mature in 2027. The convertible notes, issued at a time when enthusiasm for alt protein was at its peak, were a cheap form of capital as they paid 0% interest in return for giving i…