BEYOND MEAT, INC. (BYND): debt financing — Beyond Meat Q1 revenue down 9.1% to $68.7M, secures $100M senior secured loan from Ahimsa affiliate

BEYOND MEAT, INC.

Net revenues $68.7M, down 9.1% YoY; gross loss $1.1M (margin -1.5%) vs gross profit $3.7M year ago.
Operating loss $56.2M (margin -81.8%) vs $53.5M loss year ago; includes $4.3M inventory provision and $0.9M China suspension costs.
New $100M senior secured delayed-draw term loan from Unprocessed Foods (Ahimsa Foundation); 12% PIK interest, matures Feb 2030, extendable to May 2035.
Warrants for up to 12.5% of outstanding shares at exercise price 115% of 30-day VWAP (min $2.00, max $3.75); liquidity covenant requires at least $15M.

item 1.01 item 2.02 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

BEYOND MEAT, INC. incurred term loan of $100.0 million with Unprocessed Foods, LLC (an affiliate of the Ahimsa Foundation) at 12.0% per annum (17.5% after Initial Maturity Date if extended) maturing February 7, 2030 (extendable to May 7, 2035).

Instrument: term loan
Principal: $100.0 million
Counterparty: Unprocessed Foods, LLC (an affiliate of the Ahimsa Foundation)
Rate: 12.0% per annum (17.5% after Initial Maturity Date if extended)
Maturity: February 7, 2030 (extendable to May 7, 2035)
Event: incurrence

Exact text from the filing

Loan and Security Agreement On May 7, 2025 (the “Effective Date”), Beyond Meat, Inc. (the “Company”) entered into a Loan and Security Agreement (the “Loan and Security Agreement”), among the Company, as the borrower, Unprocessed Foods, LLC, an affiliate of the Ahimsa Foundation, as lender (“Unprocessed Foods”), the other lenders party thereto from time to time (together with Unprocessed Foods, the “Lenders”), and certain of the Company’s subsidiaries party thereto from time to time, as guarantors (the “Guarantors” and, together with the Company, the “Loan Parties”), pursuant to which, among other things, the Lenders have agreed to provide for a senior secured delayed-draw term loan facility (the “Delayed Draw Term Loan Facility” and the loans thereunder, the “Delayed Draw Term Loans”) in an aggregate principal amount of $100.0 million.

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-115042

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.