Bed Bath & Beyond Says It Triggered ‘Events of Default,’ Can’t Pay What It Owes

Bed Bath & Beyond

continues to teeter on the brink of bankruptcy. On Thursday, the company said it had triggered “certain events of default” earlier this month.

Bed Bath (ticker:


) said that happened around Jan. 13, when the company was unable to prepay a so-called overadvance on a credit facility and satisfy a financial covenant, among other things.