Bed Bath & Beyond ($BBBY@US) said Thursday it is offering $300 million in stock as the company warns in an effort to forestall bankruptcy. In February, the beleaguered home retailer proposed a stock offering that would bring $1 billion into the company. It brought in $225 million to pay down debts. In an SEC filing, the company disclosed that it decreased its revolving loans from $565 million to $300 million. Shares were down roughly 17 percent on Thursday to below 70 cents a share.