This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: WeightWatchers and lender advisors enter confidential talks for restructuring
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > WeightWatchers and lender advisors enter confidential talks for restructuring
Markets

WeightWatchers and lender advisors enter confidential talks for restructuring

Editorial Board Published February 17, 2025
Share
WeightWatchers and lender advisors enter confidential talks for restructuring
SHARE

Take a look at what’s clicking on FoxBusiness.com.

WW Worldwide and advisors to its lenders have reportedly taken a step in speaking about probably restructuring the corporate’s debt.

The Wall Avenue Journal reported, citing unnamed sources, that WeightWatchers, which turned WW Worldwide a number of years in the past, and the lender advisors just lately entered right into a confidentiality settlement. 

The corporate’s monetary forecasts and technique have been on the middle of preliminary restructuring talks between the lender advisors and WeightWatchers, in accordance with the outlet. 

An indication for Weight Watchers is displayed at an workplace in Decrease Manhattan, Oct. 19, 2015. (Brendan McDermid / Reuters)

The advisers are reportedly working to parse out what programs of motion might be out there to lenders with the knowledge.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Enterprise reached out to the corporate for touch upon The Journal’s report.

WeightWatchers’ complete liabilities quantity to $1.69 billion, together with $1.4 billion in web long-term debt, in accordance with its most up-to-date quarterly report. 

In early November, then-CFO Heather Stark advised analysts and traders the corporate had “sufficient liquidity for our working capital needs” and “attractive debt terms with no maturities for our term loan or senior notes until 2028 and 2029.”

“However, we acknowledge that our debt burden is significant with our net debt to adjusted EBITDA slivered ratio at 10.4x at the end of the third quarter,” she mentioned. “As such, we have recently appointed advisors to assist us in the evaluation of options related to our overall capital structure.” 

The corporate just lately disclosed in a Securities and Change Fee submitting it had borrowed about $121.3 million “under the senior secured revolving credit facility” that it has had since 2021 to “provide financial flexibility.” 

WEIGHTWATCHERS CEO SIMA SISTANI OUT IN ABRUPT EXIT, EMBRACED WEIGHT LOSS DRUGS

“We continue to actively evaluate our capital structure and intend to explore transactions to strengthen our balance sheet and increase our financial flexibility,” WeightWatchers mentioned within the submitting. “We look forward to engaging with our lenders and bondholders in the coming months.” 

The aim of borrowing these funds was “not to address near term liquidity requirements,” it additionally mentioned.

The corporate has been round since 1963. It has lengthy provided weight-loss and weight-management packages and, extra just lately, has delved into entry to weight-loss drugs amid a surge in recognition of individuals utilizing these medication to slim down.

WW International logo

The WeightWatchers emblem is displayed on a smartphone display. (Picture Illustration by Rafael Henrique/SOPA Photographs/LightRocket by way of / Getty Photographs)

WeightWatchers generated $601.5 million in web revenues over the primary three quarters of 2024, together with $192.9 million within the third quarter. It has seen a web lack of $370.8 million over the identical nine-month interval. 

CLICK HERE TO READ MORE ON FOX BUSINESS

“While our results in the third quarter were broadly on track with expectations, it’s clear we have significant work ahead to change the trajectory of the business,” interim CEO Tara Comonte mentioned throughout the firm’s earnings name in November. “This is an industry undergoing massive transition and as a result, WeightWatchers has experienced meaningful disruption over recent years. However, I am optimistic about our ability to lay a path to future growth.”

TAGGED:advisorsconfidentialenterLenderrestructuringtalksWeightWatchers
Share This Article
Twitter Email Copy Link Print
Previous Article Assam Govt Kinds SIT To Probe Case Towards Pak Man, Gogoi Says His Stand Clear Over Spouse’s ‘ISI Links’ Assam Govt Kinds SIT To Probe Case Towards Pak Man, Gogoi Says His Stand Clear Over Spouse’s ‘ISI Links’
Next Article The Finest Swim Shorts You Can Purchase For Summer time 2025 | Fashion The Finest Swim Shorts You Can Purchase For Summer time 2025 | Fashion

Editor's Pick

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Executive Summary: A Strategic Announcement In a landmark social media post dated October 16, Kirill Dmitriev, Chief Executive Officer of…

By Editorial Board 6 Min Read
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion

We independently consider all advisable services. Any services or products put ahead…

6 Min Read
Ottawa’s culinary neighborhood mourns younger Inuk chef killed in stabbing
Ottawa’s culinary neighborhood mourns younger Inuk chef killed in stabbing

The final time Patrick Garland noticed Joshua Qiyuk, the younger chef was…

3 Min Read

Oponion

15 Finest Aftershaves For Males For Higher Grooming Sport in 2025 | Fashion

15 Finest Aftershaves For Males For Higher Grooming Sport in 2025 | Fashion

We independently consider all advisable services. Any services or products…

September 26, 2025

Trump inauguration offers critical WTF vibes

Donald Trump was sworn in because…

January 20, 2025

Justin Bieber’s Assistant Quits Amid Considerations About Singer’s Drug Use

Studying Time: 3 minutes Justin Bieber…

March 5, 2025

Will Smith Divorced: His Marriage Historical past With Jada, Defined

Are Jada Pinkett Smith and Will…

September 19, 2024

Netflix Isn’t Looking Up

Netflix NFLX -1.48% has proved quite…

January 20, 2022

You Might Also Like

PayPal companions with OpenAI to permit prospects to take a look at in ChatGPT
Markets

PayPal companions with OpenAI to permit prospects to take a look at in ChatGPT

Coresight Analysis founder and CEO Deborah Weinswig breaks down Walmart’s new partnership with OpenAI to combine A.I. into the purchasing…

4 Min Read
See inside JPMorgan’s new B world headquarters in New York Metropolis
Markets

See inside JPMorgan’s new $3B world headquarters in New York Metropolis

FOX Enterprise correspondent Madison Alworth stories on the obstacles JPMorgan needed to overcome to ascertain its $3 billion New York…

5 Min Read
Why students condemn capitalism and lean into socialism
Markets

Why students condemn capitalism and lean into socialism

FOX Enterprise anchor David Asman joins ‘Mornings with Maria’ to interrupt down his sequence inspecting socialism’s rising affect in America’s…

3 Min Read
Trump pardons convicted Binance founder Changpeng Zhao
Markets

Trump pardons convicted Binance founder Changpeng Zhao

Gemini co-founders Tyler and Cameron Winklevoss focus on cryptocurrency’s progress beneath the Trump administration, their partnership with Mastercard for a…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?