TLDRBeyond Meat stock crashed to an all-time low of $1.23 on Monday, down 32% for the day and roughly 50% year-to-date. The payment-in-kind arrangement lets Beyond Meat pay 9.5% annual interest with additional debt instead of cash, extending the maturity date to 2030. Beyond Meat shares sank to their lowest price ever on Monday. Beyond Meat is trying to wipe out more than $800 million in debt through a bond exchange offer. They would also receive 326 million shares of Beyond Meat common stock.