BEYOND MEAT, INC. — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
On August 10, 2026, Beyond Meat executed a Second Supplemental Indenture to its 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 (originally issued October 2025) with Wilmington Trust as trustee. The amendment, approved by majority consent of noteholders, modified Section 4.19 to expand debt exchange mechanics (increasing the per-dollar exchange allowance to $0.50 per $1.00 principal from $0.25 effective June 30, 2026, and capping Second Lien Debt at $0.16), modified Section 14.03 to extend the interest make-whole conversion date from October 15, 2028 to January 15, 2029, and capped the conversion rate at 1,029.2716 shares per $1,000 principal. The specific principal amount outstanding of the 2030 Notes is not disclosed in this filing.
Why this rating
Debt restructuring amendment; no balance-sheet impact disclosed. Extends bondholder rights modestly but lacks material quantitative disclosure relative to $241M market cap.
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