Beyond Meat Furnishes Final Tender Results and Settlement for Exchange Offer
Summary
Beyond Meat, Inc. announced the final tender results and settlement of its Exchange Offer for its 0% Convertible Senior Notes due 2027 (Existing Convertible Notes) (via Ex. 99.1 press release). The offer exchanged these notes for new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (New Convertible Notes) and common stock (New Shares). On October 30, 2025, the company completed the final settlement, cancelling additional tendered notes. * $1,114,603,000 aggregate principal amount of Existing Convertible Notes were tendered by the Early Tender Date of October 10, 2025 (Ex. 99.1). * Following the Final Settlement Date, a total of $209,721,000 in aggregate principal amount of New Convertible Notes and 317,834,446 New Shares were issued (Item 8.01). * The company issued 776,610 shares of common stock and $459,000 in New Convertible Notes to eligible holders on October 30, 2025 (Item 3.02).
Why It Matters
This exchange offer significantly alters the company's capital structure by replacing 0% convertible notes with new 7.00% secured notes and issuing a substantial number of new shares, impacting future interest expenses and potential dilution.
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Key Quote
“Following the Final Settlement Date, a total of (i) $209,721,000 in aggregate principal amount of New Convertible Notes (inclusive of $12.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001655210
- Filing Date
- Thursday, October 30, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive