---
title: "Bed Bath & Beyond to Acquire The Container Store in $150 Million Stock-and-Notes Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281525080.md"
description: "Bed Bath & Beyond has announced a merger agreement to acquire The Container Store for $150 million, utilizing a combination of common stock priced at $7.00 per share and senior convertible notes. The deal includes a Transaction Support Agreement with TCS stakeholders and a Put Agreement to secure interim loans. The closing of the merger is contingent upon lender approvals and customary conditions."
datetime: "2026-04-02T12:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281525080.md)
  - [en](https://longbridge.com/en/news/281525080.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281525080.md)
---

# Bed Bath & Beyond to Acquire The Container Store in $150 Million Stock-and-Notes Deal

Bed Bath & Beyond announced a definitive merger agreement to acquire The Container Store for $150 million in a mix of common stock priced at $7.00 per share and senior convertible notes, including at least $54 million of notes adjusted for specified senior loans, with share issuance capped at 19.99% and any excess settled in notes. To de-risk execution, the company also executed a Transaction Support Agreement with TCS stakeholders representing 80.47% of equity and 90.75% of term loans, and entered a Put Agreement with certain term lenders that backstops $15 million of the first $30 million in interim priming loans if the merger terminates under specified conditions. Closing remains subject to lender approvals, a $55 million new-money facility at TCS to be repaid in notes at closing, and customary conditions.

**Agreement 1: Bed Bath & Beyond to Acquire The Container Store in $150 Million Stock-and-Notes Deal**

-   **Agreement type**: Agreement and Plan of Merger
-   **Counterparty**: The Container Store
-   **Signed / Effective**: Apr 02 2026 / Apr 02 2026
-   **Duration / Termination**: Until closing
-   **Reason**: Acquire The Container Store and expand home organization platform

**Agreement 2: Bed Bath & Beyond Secures Stakeholder Support Pact Backing Container Store Merger**

-   **Agreement type**: Transaction Support Agreement
-   **Counterparty**: The Container Store and certain equity holders and term loan lenders
-   **Signed / Effective**: Apr 02 2026 / Apr 02 2026
-   **Duration / Termination**: Until closing
-   **Reason**: Secure stakeholder support and voting commitments for the merger

**Agreement 3: Bed Bath & Beyond Enters Put Agreement to Backstop $15 Million of Interim TCS Loans**

-   **Agreement type**: Put Agreement for loan participation backstop
-   **Counterparty**: Specified TCS term lenders
-   **Signed / Effective**: Apr 02 2026 / Apr 02 2026
-   **Duration / Termination**: Contingent; exercisable upon certain termination
-   **Reason**: Backstop interim lender funding if merger fails

Original SEC Filing: BED BATH & BEYOND, INC. \[ BBBY \] - 8-K - Apr. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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