Bed Bath & Beyond Inc . selected asset manager Sixth Street Partners to supply new financing, according to people familiar with the matter, as doubts remain among vendors and some investors about the company’s turnaround prospects.
Sixth Street is in exclusive talks with Bed Bath & Beyond and is nearing final terms for a loan of close to $400 million to shore up the troubled retailer’s liquidity, according to people familiar with the matter. Negotiations to finalize the loan documents are ongoing, one of the people said.