---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-018409"
form_type: "8-K"
ticker: "BBBY"
cik: "0001130713"
company_name: "BED BATH & BEYOND, INC."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:03:35.764676+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Beyond expands Kirkland's credit facility by $5.2M, agrees to buy Kirkland's brand for $5M, removes standstill

## Summary
- Provided additional $5.2M term loan to Kirkland's; can convert debt into KIRK shares up to 19.90% of outstanding.
- Agreed to buy Kirkland's trademarks and domain names for $5M, subject to Bank of America consent.
- Collaboration fee increased from 0.25% to 0.50% of Kirkland's retail store revenue; 3% royalty eliminated.
- License expanded to include Bed Bath & Beyond Home and buybuy BABY trademarks for neighborhood stores.
- Standstill and transfer restrictions removed; Beyond may appoint third director if it owns >50% of KIRK.

## SEC filing metadata
- accession: 0001140361-25-018409
- form_type: 8-K
- ticker: BBBY
- cik: 0001130713
- company_name: BED BATH & BEYOND, INC.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130713/000114036125018409/0001140361-25-018409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130713/000114036125018409/ef20048777_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-018409
- JSON: https://secwatch.observer/filing/0001140361-25-018409.json
- Plain text: https://secwatch.observer/filing/0001140361-25-018409.txt

## Key facts
- Debt Financings
  BED BATH & BEYOND, INC. incurred term loan of approximate aggregate original principal amount of $5.2 million with Kirkland's Inc. and its subsidiaries.
  - Instrument: term loan
  - Principal: approximate aggregate original principal amount of $5.2 million
  - Counterparty: Kirkland's Inc. and its subsidiaries
  - Event: incurrence
  source text: pursuant to which Beyond provided Kirkland’s with additional term loans in an approximate aggregate original principal amount of $5.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130713/000114036125018409/0001140361-25-018409-index.htm
- Debt Financings
  BED BATH & BEYOND, INC. amended credit facility with Kirkland's Inc. and its subsidiaries.
  - Instrument: credit facility
  - Counterparty: Kirkland's Inc. and its subsidiaries
  - Event: amendment
  source text: obligations arising under the Existing Credit Agreement in the aggregate amount of $8.5 million were rolled into the Amended and Restated Credit Agreement as obligations thereunder
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130713/000114036125018409/0001140361-25-018409-index.htm

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