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Beyond Meat amends 2030 notes indenture to ease 2027 note repurchases, extend make-whole period
BEYOND MEAT, INC.
- Amends Section 4.19 to allow repurchase/exchange of 2027 0% convertible notes for cash/equity without prior restrictions.
- Extends interest make-whole adjustment period for 2030 note conversions from Oct 15, 2028 to Jan 15, 2029.
- Consents obtained from majority of 2030 note holders; amendment effective Aug 10, 2026.
- 2030 notes carry 7.00% coupon, second-lien secured, PIK toggle, due 2030.