---
schema_version: "secwatch.filing_event.v1"
accession: "0001130713-24-000067"
form_type: "8-K"
ticker: "BBBY"
cik: "0001130713"
company_name: "BED BATH & BEYOND, INC."
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:15:46.898545+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beyond provides $17M debt and invests $8M in Kirkland's; licenses Bed Bath & Beyond brand for stores

## Summary
- Provides $17M secured term loan to Kirkland's ($8.5M promissory note + $8.5M convertible note at $1.85/sh).
- To invest $8M in Kirkland's common stock via Subscription Agreement; may own up to ~40% of Kirkland's if fully converted.
- Licenses 'Bed Bath & Beyond' brand to Kirkland's for up to 5 neighborhood-format stores; receives 3% royalty on net sales.
- Will receive quarterly fee of 0.25% on Kirkland's retail revenue and 1.5% incentive on incremental e-commerce revenue.
- Also obtains $25M revolving credit line from BMO Bank to fund strategic ventures, maturing Oct 2025 at SOFR+1%.

## SEC filing metadata
- accession: 0001130713-24-000067
- form_type: 8-K
- ticker: BBBY
- cik: 0001130713
- company_name: BED BATH & BEYOND, INC.
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130713/000113071324000067/0001130713-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130713/000113071324000067/ostk-20241021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001130713-24-000067
- JSON: https://secwatch.observer/filing/0001130713-24-000067.json
- Plain text: https://secwatch.observer/filing/0001130713-24-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.