Latham Represents Beyond Meat in Exchange Offer and Consent Solicitation Transaction to Eliminate Over US$800 Million of Debt With Existing Noteholder Support

Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, announced that it has commenced an exchange offer to exchange any and all of its 0% Convertible Senior Notes due 2027 for a pro rata portion of (i) up to US$202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and (ii) up to 326,190,370 shares of its common stock.

Latham & Watkins LLP represents Beyond Meat in the transaction with a Capital Markets team led by partners Greg Rodgers and Cathy Birkeland and counsel Ryan deFord, with associates Kaj Nielsen, Ryan Gold, Joann Murphy, Greer Gaddie, Sofia Sitterson, Amanda Farrish, Alex Gulino, and Molly Mitchell, and a Restructuring & Special Situations team led by partners Ray C. Schrock and Candace M. Arthur, with associate Jonathan Gordon. Advice was provided on finance matters by partner Scott Forchheimer, with associates Laura Edwards, Mahika Narula, and Catherine Cook; on compensation and benefits matters by partner Holly Bauer, with associate Julie Voorhes and corporate governance and executive compensation attorney Mia DiBella; and on tax matters by partners Aaron Bernstein and Matthew Dewitz, with associate Alice Chen.