Bed Bath & Beyond receives default notice from JPMorgan

Jan 26 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) has received a notice of acceleration and default interest from JPMorgan Chase 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.

Reporting by Deborah Sophia in Bengaluru

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