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WW International and the advisers of their borrowers allegedly took a step in conversation about the potential restructuring of the company’s debt.
Wall Street Journal They reported, stating unnamed sources, that the weight observers, who became WW International several years ago, and the lender advisers recently concluded an agreement on confidentiality.
Financial forecasts and strategy of the company were at the center of the initial interview on restructuring between lender advisers and Weight observersaccording to the socket.
The weighing observers sign is shown in the office on Donji Manhattan, October 19, 2015. (Brendan McDermid / Reuters)
Advisers are reportedly working on analysis that can be available for information courses with information with information.
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Fox Business addressed the company to comment on the magazine report.
Total weight liabilities are $ 1.69 billion, including $ 1.4 billion in net long -term debt, according to the last three -month report.
At the beginning of November, at that time, CFO Heather Stark told analysts and investors that the company “sufficient liquidity for our needs of craft capital” and “attractive debt conditions without maturity for our loan or older notes by 2028 and 2029”
“However, we admit that our debt burden is significant with our net debt to the adapted EBITDA ratio at the end of 10.4x at the end of the third quarter,” she said. “As such, we recently appointed advisers to help us evaluate our overall capital structure.”
The company was recently published in the submission of the Securities Commission and the exchange, which was borrowed by about $ 121.3 million “in accordance with the higher secured revolving credit”, which since 2021 had “to provide financial flexibility”.
Executive Director of Weighttchers Sima Sistani in a sudden output, accepted weight loss medication
“We continue to actively evaluate our capital structure and intend to explore transactions to strengthen our balance and increase our financial flexibility,” the founders said in the application. “We look forward to having to socialize with lenders and bond owners in the coming months.”
The purpose of the borrowing of these funds was “not to be resolved near the request for liquidity,” he also said.
The company has existed since 1963. She has long offered weight loss and weight loss programs and, more recently, has dived with access to weight loss medication in the midst of the rise popularity of people who use people using people who use people who use people you drug leaning.
The weightlift logo is shown on the smartphone screen. .
Sawatchers generated $ 601.5 million Net income In the first three quarters of 2024, including $ 192.9 million in the third quarter. In the same nine -month period, he recorded a net loss of $ 370.8 million.
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“Although our results in the third quarter were widely on their way to expectations, it is clear that we have a significant job in advance to change our business path,” said Terre Director of Tara Comonte during the call of the company’s earnings in November. “This is an industry that has been undergoing a mass transition and as a result, Sawarters has experienced meaningful disorders over recent years. However, I am optimistic about our ability to become a path to future growth.”
