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Bloomberg
Bed Bath & Beyond Inc said it will pay past-due interest to bondholders on February 28 as the troubled retailer catches up on overdue payments after a last-minute equity deal earlier this month.
The company said in a statement that it has prefunded the full amount of interest. The retailer had been in a grace period since it missed those payments. Bed Bath & Beyond said in a separate regulatory filing that it was able to pay the interest after it received about $24 million as part of its equity-financing rescue package.