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AP National Business

Bed Bath & Beyond says it’s in default on its loans

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Published 1:22 PM

By ANNE D’INNOCENZIO
AP Retail Writer

NEW YORK (AP) — Bed Bath & Beyond says it’s in default on its loans and doesn’t have sufficient funds to repay what it owes. The home goods chain based in Union, New Jersey, said in a Securities and Exchange Commission filing Thursday that the default would force the company to look at alternatives including restructuring its debt in bankruptcy court. Bed Bath & Beyond’s stock fell 22% in reaction to the news.

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