Bed Bath & Beyond Inc filed a disclosure statement in the US Bankruptcy Court on July 21, 2023. The disclosure statement filed is related to the plan of reorganization filed by the debtor on July 20, 2023. As per the disclosure statement filed, other priority claims of $8 million and other secured claims of $7 million shall be paid in full in cash.

DIP claims of $240 million shall be recovered between 8%-100%. FILO claims of $349.60 million shall be recovered between 42.2%-100% and shall receive distributable proceeds in accordance with the waterfall recovery. Junior secured claims of $0.10 million shall be recovered between 0%-2.5% i.e., $2,500.

General unsecured claims ranging between $1.8-$2.4 billion shall be recovered between 0%-2.5% and shall receive its pro rata share of the shared proceeds pool. Intercompany claims shall be reinstated. Intercompany Interests, Interests in BBB and Section 510(b) Claims shall be cancelled.