Core Viewpoint - Beyond Meat has successfully completed an early tender offer for its existing convertible notes, allowing the company to reduce leverage and extend debt maturity [3][4]. Summary by Sections Exchange Offer Details - The exchange offer allows holders of existing 0% convertible senior notes due 2027 to exchange them for new 7.00% convertible senior secured second lien PIK toggle notes due 2030 and common stock [1][2]. - As of the early tender date, $1,114,603,000 of existing convertible notes were validly tendered, representing 96.92% of the total outstanding amount [2][3]. Early Settlement - The early settlement for the tendered notes is expected to occur on October 15, 2025, following the successful tendering of the notes [2][3]. - The total principal amount of new convertible notes expected to be issued is $208,717,000, including a premium for supporting noteholders [4]. Consent Solicitation - The company solicited consents to adopt proposed amendments to the existing convertible notes indenture, which will eliminate most restrictive covenants [7]. - Sufficient consents were obtained to effectuate the proposed amendments, which will become effective upon the early settlement date [7]. Future Offerings - The exchange offer will remain open until October 28, 2025, for holders who did not participate in the early tender [8]. - The final settlement date for any remaining validly tendered notes is expected to occur on October 30, 2025 [8]. Trading Restrictions - New shares received from the exchange will have a lock-up period until October 16, 2025, after which they can be freely traded [6]. - A portion of the new shares will be issued into a Contra CUSIP to restrict trading during the lock-up period [6]. Company Background - Beyond Meat is a leading plant-based meat company focused on providing products that mimic the taste and texture of animal-based meat while promoting health and sustainability [14].