Goldman Talks With Private Credit for Beyond Meat Capital
- Some $250 million sought for the meat alternatives firm
- Cash could go toward repurchasing convertible bonds: people
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Goldman Sachs Group Inc. has held conversations with private credit lenders to help shore up Beyond Meat Inc.’s liquidity, according to people with knowledge of the matter.
The bank has been asking direct lenders to commit about $250 million of capital to Beyond Meat, said the people, who asked not to be identified as the details are private. The senior secured debt would be used for general corporate purposes and potentially repurchase some of Beyond Meat’s $1.15 billion convertible bond at a discount, they added.