Beyond Meat (BYND) is looking to borrow as much as $250 million in new credit and the meat substitute company working with a boutique investment banker to gauge investor interest in participating in a new senior secured loan, Bloomberg reported Wednesday, citing people familiar with the matter.
The company has tapped PJT Partners to assist with the new fund-raising, which if successful could be used to pay down some of its outstanding debt, the sources told Bloomberg.
Beyond Meat did not immediately return a message seeking comment from MT Newswires on Wednesday afternoon.
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