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Mattress Bathtub & Past (NASDAQ:BBBY) moved larger in Thursday afternoon buying and selling after Freeman Capital disclosed a 6.21% passive stake. The agency pushed for debt realignment and a capital increase for BBBY within the submitting, whereas warning that BBBY is going through an existential disaster for its survival.
“Freeman Capital’s plan for the realignment of BBBY consists of two essential legs: slicing debt and elevating capital. To chop debt, Freeman Capital believes BBBY ought to interact in a commerce to change the present Senior Unsecured debt for notes with considerably decrease par worth.”
Freeman Capital intends to be a passive investor and has no plans to affect management.
SEC Kind 13G
BBBY rose 3.2% late on Thursday after sitting in adverse territory earlier within the session.
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