Bed Bath & Beyond receives default notice from JPMorgan By Reuters

© Reuters. FILE PHOTO: A person exits a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) – Bed Bath & Beyond Inc (NASDAQ:) has received a notice of acceleration and default interest from JPMorgan Chase (NYSE:) Bank, NA, a regulatory filing showed on Thursday.

JPM has determined to exercise rights such that all outstanding loans under credit facilities and other obligations of Bed Bath & Beyond under its amended credit agreement are due and payable immediately.

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