BED BATH & BEYOND, INC. (BBBY): M&A transaction — Sells corporate headquarters for $52M, repays $34.5M loan

BED BATH & BEYOND, INC.

Sale of 18.6-acre headquarters parcel plus improvements to Salt Lake County for $52.0 million.
Existing $34.5M loan from Loancore Capital Markets repaid via defeasance at closing.
Leases back 5,000 sq ft data center for 5-year initial term with 30-day termination right.

item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BED BATH & BEYOND, INC. completed a disposition involving Salt Lake County for $52.0 million (closed 2024-12-20).

Action: disposition
Counterparty: Salt Lake County
Consideration: $52.0 million
Closing: 2024-12-20

Exact text from the filing

(“Headquarters”), as previously reported on Form 8-K filed September 17, 2024. The sales price for the Headquarters, following inspection of the Buyer and renegotiation, is $52.0 million. The Headquarters had been subject to a loan obtained by the Company from Loancore Capital Markets LLC with an approximate balance amount owed at closing of $34.5 million, which

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Source: SEC EDGAR

accession 0001130713-24-000091

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