WeightWatchers and lender advisors enter confidential talks for restructuring

WW international and its creditors’ consultants, according to information, have taken steps to reorganize the debt of the company.

Wall Street Journal It is reported that citing anonymous sources, these weightlifters, which have become International WW International, and lenders’ advisers recently entered into a confidentiality agreement.

The company’s financial forecasts and strategy were lender councils and Gravesby exit.

For weight viewers, a sign is displayed at the lower Manhattan office, October 19, 2015. (Brendan McDermid / Reuters)

It is reported that consultants work to analyze which action courses can be available to information lenders.

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The fox business has reached the company’s comment on a magazine report.

The total weightlifting liabilities amount to $ 1.69 billion, including $ 1.4 billion in a purely long-term debt, according to its last quarterly report.

In early November, he told analysts and investors that the history of “FFA” Hate Start had “Satisfactory Liquidity It is necessary” and “attractive debt, up to 2028 and 2029 for our time credit or senior posts.”

“Nevertheless, we realize that our debt burden is significant to normalize the EBITDA’s hard-worker’s hardwork at the end of the third quarter,” he said. “As such, we have recently appointed consultants to help us assess the options related to our common capital structure.”

Recently, the company submitted to the submission of the Securities and Exchange Commission borrowed about $ 121.3 million at a Senior Insured Turning Credit Facility, which had since 2021 to “provide financial flexibility.”

CEO CEO Sima Sistan has left a sharp output, lose weight loss drugs

“We continue to actively assess the structure of our capital and intend to study the transactions to strengthen our balance and increase our financial flexibility,” said the weightlifters. “We expect to be involved in our creditors and bonds in the coming months.”

The purpose of the loan “has not applied to serious liquidity requirements,” he said.

The company has been turned since 1963. It has long offered weight loss and weight management programs those drugs thin down.

The parcel logo is displayed on the smartphone screen. (Photo illustration Rafael Henrique / Sopa Images / Lightrocket via Via / Getty Images)

Weight search created $ 601.5 million Net income During the first three quarters of 2024, including 192.9 million dollars in the third quarter. It has seen a net loss of $ 370.8 million in the same nine months.

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“Before the third quarter, our results were widely expecting expectations, we had a significant job to change the trajectory of business.” “This is an industry that passes through a mass transition and, as a result, a weighty disruption in recent years. However I am optimistic about further growth.