Bankruptcy & Restructuring News Headlines for Monday Apr 24, 2023

Here's what we are reading this morning:

Silicon Valley Bank muni holdings set to be liquidated | Bond Buyer: The $7 billion portfolio consists of highly rated, lower-coupon muni debt. It is unlikely to be a single auction and the firm is currently circulating the list on the Street to gauge interest.

Bed Bath & Beyond Files for Bankruptcy - The New York Times: The company, which failed to fully reckon with the rise of online shopping, said that store closing sales would begin on Wednesday.

Retailer Bed Bath & Beyond (BBBY) Files for Chapter 11 in New Jersey - Bloomberg: The US housewares retailer will use the court process to begin liquidating its 360 Bed Bath & Beyond stores and 120 Buy Buy Baby shops, while also searching for a buyer for some or all of its assets, according to a statement. The company may “pivot away” from the store closings if there’s a successful sale.

Bed Bath & Beyond files for bankruptcy protection: Bed Bath & Beyond's bankruptcy comes after several last-ditch efforts to raise cash failed to keep the company alive.

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