Beyond Meat launches exchange offer for 0% notes, offers 7% PIK notes and equity; seeks 85% participation

BEYOND MEAT, INC.

Exchanging up to $1.15B 0% convertible notes due 2027 for 7.00% convertible PIK toggle notes due 2030 and common stock.
Early tender: per $1,000 principal, receive $176.0870 new notes + 283.6438 shares; late tender: $170.8044 + same shares.
Condition: minimum 85% participation; holders of ~47% of notes support via Transaction Support Agreement.
Company to appoint Alexandre Zyngier and Ray Wallander as directors; stockholder votes on increasing authorized shares to 3B and reverse split.
Estimated fees ~$39 million; new notes secured second lien, subordinated to first-lien loan, optional PIK at 9.50%.

item 1.01item 5.02item 7.01item 8.01item 9.01

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.