CURO Group Holdings Corp.: going-concern / distress — CURO Group files Chapter 11, enters RSA; common stock to be canceled

Approximately $318 million in outstanding aggregate principal amount of 2.0L Notes issued pursuant to the indenture governing the 2.0L Notes.

Approximately $682 million in outstanding aggregate principal amount of 1.5L Notes issued pursuant to the indenture governing the 1.5L Notes;

Approximately $178 million of outstanding borrowings under the Credit Agreement;

On March 25, 2024 (the “ Petition Date ”), the Company and certain of its domestic and Canadian affiliates (the “ Debtors ”) filed voluntary petitions for relief (the “ Chapter 11 Cases ”) under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “ Bankruptcy Court ”) to pursue confirmation of the Plan.

On March 25, 2024, First Heritage Financing I, LLC, an indirect wholly owned bankruptcy-remote subsidiary of the Company, entered into an amendment (the " First Heritage Amendment ") to its asset-backed warehouse facility (the " First Heritage Warehouse ") with the Class A lenders and agents party thereto and Class B lenders and agents party thereto, First Heritage Credit, LLC, a wholly-owned subsidiary of the Company, as servicer, certain other wholly-owned subsidiaries of the Company, as originators and subservicers, and certain other parties thereto.

On March 22, 2024, CURO Group Holdings Corp. (the " Company ") and certain of its direct and indirect subsidiaries (together with the Company, the " Company Parties ") entered into a Restructuring Support Agreement (together with all exhibits and schedules thereto, the " RSA ") with (i) certain lenders under the First Lien Credit Agreement, dated as of May 15, 2023