debt
confidence high
sentiment neutral
materiality 0.65
Beyond Meat draws $40M under delayed-draw term loan; issues warrants for 3.8M shares
BEYOND MEAT, INC.
- Borrowed $40M from Unprocessed Foods (Ahimsa affiliate) under delayed-draw term loan facility originally announced May 7, 2025.
- Loan accrues 12% interest (17.5% post-maturity extension), interest payable in kind, matures Feb 2030 (extendable to 2035).
- Issued warrants to purchase 3.82M shares at $3.26/share; exercise price set per warrant agreement.
- Warrants issued in private placement under Section 4(a)(2); co to file registration statement within 45 days.
- Proceeds used for general corporate purposes of the company and guarantors.
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