---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-240364"
form_type: "8-K"
ticker: "BYND"
cik: "0001655210"
company_name: "BEYOND MEAT, INC."
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:44:57.165463+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Beyond Meat exchanges 96.9% of convertible notes for new secured notes and equity

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-240364
- form_type: 8-K
- ticker: BYND
- cik: 0001655210
- company_name: BEYOND MEAT, INC.
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655210/000119312525240364/0001193125-25-240364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655210/000119312525240364/d60690d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-240364
- JSON: https://secwatch.observer/filing/0001193125-25-240364.json
- Plain text: https://secwatch.observer/filing/0001193125-25-240364.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1655210/000119312525240364/0001193125-25-240364-index.htm

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