Bed Bath & Beyond Announces Plan , to Raise $1 Billion to Avoid Bankruptcy.<br />CNBC reports that the retailer made the announcement on Feb. 6 in a securities filing.<br />The company intends to raise <br />$1 billion via an equity offering.<br />It will sell preferred stock, warrants and securities.<br />If Bed Bath & Beyond succeeds in raising the funds, <br />it will use them to repay outstanding debt.<br />Additionally, the company would make a <br />bond interest payment it missed on Feb. 1.<br />Another $100 million would also be <br />drawn from a Sixth Street FILO loan. .<br />If Bed Bath & Beyond can't complete the transaction, it will "likely file for bankruptcy protection.".<br />Some analysts doubt the company <br />will be able to pull it off.<br />Many investors are likely to be deterred by the incredibly weak balance sheet, the mountain of debt, and a business that remains fundamentally broken. They will see this as throwing good money after bad, Neil Saunders, managing director of GlobalData, via CNBC.<br />CNBC reports that on Feb. 6, Bed Bath & Beyond announced it will close another 150 stores.<br />Company shares were down 31.2% <br />in premarket trading on Feb. 7
