Bed Bath & Beyond Taps Kirkland & Ellis for Help Addressing Debt Load
- The retailer is mulling new loans amid a sales slump
- Despite leverage issues, shares soared above $20 this week
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Bed Bath & Beyond Inc. hired law firm Kirkland & Ellis to help it address a debt load that’s become unmanageable amid a sales slump, according to a person with knowledge of the decision.
Kirkland, typically known for its dominance in restructuring and bankruptcy situations, was tapped to advise the retailer on options for raising new money, refinancing existing debt, or both, according to the person, who asked not to be named discussing private company plans.