Beyond Meat Reports $60M Loan Drawdown, Warrant Issuance, and Favorable Arbitration Update
Summary
Beyond Meat, Inc. completed a second drawdown of its senior secured delayed-draw term loan facility and received a favorable interim arbitration award. * On September 18, 2025, the Company drew down an additional $60.0 million from Unprocessed Foods, LLC, completing the $100.0 million facility. * In connection with this drawdown, warrants to purchase 5,735,181 shares of Common Stock were issued to Unprocessed Foods. * On September 15, 2025, an interim arbitration award found the Company had a valid basis to terminate an agreement with a former co-manufacturer, who had claimed at least $73.0 million in damages.
Why It Matters
The drawdown of the remaining $60.0 million from the Delayed Draw Term Loan Facility provides the Company with additional capital for general corporate purposes. The favorable interim arbitration award regarding a $73.0 million claim from a former co-manufacturer significantly reduces a potential financial liability.
Key Quote
“On September 18, 2025, at the Company's request, Unprocessed Foods, as the sole Lender at such time, made a second Delayed Draw Term Loan to the Company in the principal amount of $60.”
— From Item 2.03
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001655210
- Filing Date
- Thursday, September 18, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive