Trading in
Bed Bath & Beyond
stock was halted on Thursday after the company said it had triggered “certain events of default” earlier this month.
Bed Bath (ticker:
BBBY
) said that happened around Jan. 13, when the company was unable to prepay a so-called overadvance on its revolving credit facility and satisfy a financial covenant, among other things.
Source: https://www.barrons.com/articles/bed-bath-beyond-default-51674764192?siteid=yhoof2&yptr=yahoo