BEYOND MEAT, INC. (BYND): debt financing — Beyond Meat exchanges 96.9% of convertible notes for new secured notes and equity

BEYOND MEAT, INC.

Exchanged $1.115B of 0% convertible notes (96.9% of total) for $208.7M new 7% secured notes due 2030 and 316M shares.
New notes carry 7% cash interest or 9.5% PIK; secured second lien behind existing loan; $15M liquidity covenant.
Outstanding existing notes reduced to $35.4M; remaining notes stripped of restrictive covenants via supplemental indenture.
Board overhaul: three directors resign, three appointed including reappointment of C. James Koch; new committee chairs.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 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 0.9

BEYOND MEAT, INC. incurred convertible notes of $208,717,000 in aggregate principal amount of New Convertible Notes at 7.00% per annum maturing October 15, 2030.

Instrument: convertible notes
Principal: $208,717,000 in aggregate principal amount of New Convertible Notes
Rate: 7.00% per annum
Maturity: October 15, 2030
Event: incurrence

Exact text from the filing

In connection with the early settlement of the Exchange Offer, on October 15, 2025, the Company issued (i) $196,217,000 in aggregate principal amount of New Convertible Notes and (ii) 316,150,176 New Shares, in exchange for the validly tendered and accepted Existing Convertible Notes. In addition, the Company issued an additional $12.5 million in aggregate principal amount of New Convertible Notes as payment of the SteerCo Premium, for a total of $208,717,000 in aggregate principal amount of New Convertible Notes.

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BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-240364

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