Bed Bath and Beyond Received millions of dollars from an investor. There’s something in it for them.

Outdoor shower bed

Its move to raise equity has reduced its shares and unloaded its bonds as investors try to understand the terms of a highly complex and complex offering.

The struggling retailer, which said it faced the prospect of bankruptcy if it failed to raise $1.025 billion in a stock offering, said late Tuesday it had completed a deal. favorable. That brings the total initial proceeds to around $225 million, while management expects an additional $800 million in future installments, if certain conditions are met. be met.