Loan & DebtAug 10, 2026, 08:08 AM
Beyond Meat Amends 2030 Notes Indenture
AI Summary
Beyond Meat, Inc. entered into a Second Supplemental Indenture on August 10, 2026, amending its 2030 Notes Indenture. This amendment removes certain restrictions on the company's ability to repurchase or exchange its outstanding 0% Convertible Senior Notes due 2027 for cash and/or equity consideration. Additionally, it extends the end date of the make-whole period for calculating interest make-whole adjustments on 2030 Notes conversions from October 15, 2028, to January 15, 2029.
Key Highlights
- Beyond Meat entered a Second Supplemental Indenture on August 10, 2026.
- The indenture amends the 2030 Notes Indenture governing 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030.
- It removes restrictions on repurchasing or exchanging 0% Convertible Senior Notes due 2027.
- The make-whole period for 2030 Notes conversions is extended from October 15, 2028, to January 15, 2029.
Price Impact
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