08:51 AM EDT, 10/13/2025 (MT Newswires) -- Beyond Meat ( BYND ) said Monday that its offer to exchange its existing zero-interest convertible notes due in 2027 for new 7% secured notes due in 2030 and shares of its common stock was successfully subscribed with 96.92% of the holders tendering in for the exchange.

The principal outstanding on these notes was little over $1.1 billion, the company said adding that will enable it to reduce leverage and extending debt maturity.

Beyond Meat ( BYND ) had offered for a pro rata portion of up to $202.50 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and up to little over 326 million shares of its common stock.

The company said that as a result of this it will consummate the early settlement with respect to the Tendered Notes, which is expected to occur on Oct. 15.

Beyond Meat ( BYND ) shares were up down 57% in recent premarket activity.