The Container Store, based in Coppell, does not expect the conditions to closing the agreement with Beyond will be satisfied – or that the transactions in the...
The Coppell-based company does not expect the conditions for closing the agreement will be satisfied — or that the transactions in the deal will be consummated under the terms of the deal with Beyond,about the Coppell-based retailer’s ability to reach an agreement with lenders on terms that would satisfy the financing requirements under the deal, according to a statement. If the Container Store is unable to get something acceptable by Jan.
On Thursday, the Container Store said it is in “advanced discussions” with lenders under its existing term loan credit agreement for additional capital to support the company.In October, the companies said in the announcement that Beyond — owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands — will invest $40 million in The Container Store through a preferred equity transaction.
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