![Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines](https://morningtopnews.com/wp-content/uploads/2023/01/1674785332_social-768x384.jpeg)
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Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines.
The home-goods chain said it received a notice of default from JPMorgan Chase & Co. on Wednesday. The banks are calling for an immediate repayment of all outstanding loans under the credit agreement.
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