Bed Bath & Beyond Inc.'s (OTCPK:BBBY.Q) lender Sixth Street Partners, LLC is considering bidding for at least some of the bankrupt retailer's assets, the Wall Street Journal reported on June 15, 2023, citing a court hearing. Sixth Street is planning to use more than $500 million of its debt in the company to bid, the report said, citing the investment firm's lawyer in a bankruptcy-court hearing on June 14, 2023. If other offers for Bed Bath & Beyond's assets come up less than what Sixth Street considers satisfactory, the lender plans to bid in the form of debt forgiveness, the report added, citing people with knowledge of the matter.

Bed Bath & Beyond, Sixth Street and the lender's lawyer David Hillman did not immediately respond to Reuters' requests for comment. Sixth Street could seek to acquire Bed Bath & Beyond's baby gear chain Buybuy Baby or all of the company's assets out of bankruptcy, the report added.