Bed Bath & Beyond Inc (BBBY) filed for Chapter 11 bankruptcy protection on Sunday, reports Reuters.
According to its court filing, the big box store filed for bankruptcy in the U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion.
The company said it has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending Inc, according to Reuters.
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