Bed Bath & Beyond (NASDAQ:BBBY) is considering private loans to bolster liquidity, according to Bloomberg.
Per the report, the retailer recently entered into conversations with direct lenders about a new, asset-based credit line. While the talks are said to be in their preliminary phase, a cash infusion in the near term has been a key concern for Bed Bath & Beyond (BBBY) since its first quarter earnings report.
As of that report, the company’s cash pile had fallen to $107.5M, down from $1.097B in the year prior.
Source: Seeking Alpha
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