Bed Bath & Beyond, which is burning through cash at a rapid rate, is considering tapping the private credit market to boost liquidity, Bloomberg reports.
Why it matters: With institutional loan issuance at its lowest quarterly level since Q2 of 2020 and high-yield issuance at its lowest level since Q4 2018, according to Fitch Ratings, retailers may increasingly have to turn to private lenders for their capital needs as syndicated debt dries up.
