02:23 PM EDT, 04/23/2024 (MT Newswires) -- Goldman Sachs ( GS ) is engaged in discussions with private credit lenders seeking $250 million of capital to improve Beyond Meat's ( BYND ) liquidity, Bloomberg News reported Tuesday, citing unnamed people with knowledge of the matter.

The company will use proceeds from the senior secure debt for general corporate purposes and to repurchase its $1.15 billion convertible bond, according to the report.

Neither Goldman Sachs ( GS ) nor Beyond Meat ( BYND ) immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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