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Bed, Bath & Beyond prices $1.5 billion of senior notes
Union, N.J. - Bed Bath & Beyond Inc. has priced three series of senior unsecured notes for an aggregate principal amount of $1.5 billion. Of these notes, $300 million will mature in August 2024, $300 million will mature in August 2034, and $900 million will mature in August 2044.
The offering is expected to close, subject to normal closing conditions, on July 17, 2014. The company intends to use the proceeds from this offering for share repurchases of its common stock and for general corporate purposes.
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Retired Crate & Barrel CEO Barbara Turf dies at 71
New York -- Barbara Turf, 71, former CEO of Crate and Barrel, died July 12, at Evanston Hospital, of pancreatic cancer, the Chicago Tribune reported.
Turf was named CEO in 2008, after Crate & Barrel founder and longtime chief executive Gordon Segal retired. She joined Crate and Barrel as a part-time saleswoman in 1967, moving to its corporate headquarters in 1974. Turf retired as CEO in 2012 and joined the company's board of directors, the company said in a statement.