---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-038503"
form_type: "8-K"
ticker: null
cik: "0001711291"
company_name: "CURO Group Holdings Corp."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:30:32.895031+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# CURO Group files Chapter 11, enters RSA; common stock to be canceled

## Summary
- RSA signed with >74% of lenders and noteholders; plan cancels common stock for contingent value rights.
- Chapter 11 filed March 25, 2024 in Southern District of Texas; Canadian CCAA proceedings to follow.
- Debtor-in-possession financing up to $70M from consenting stakeholders; warehouse facilities amended to continue.
- Debt defaults: ~$178M (Credit Agreement), ~$682M (1.5L Notes), ~$318M (2L Notes); payments stayed by bankruptcy.

## SEC filing metadata
- accession: 0001104659-24-038503
- form_type: 8-K
- cik: 0001711291
- company_name: CURO Group Holdings Corp.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/tm249524d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-038503
- JSON: https://secwatch.observer/filing/0001104659-24-038503.json
- Plain text: https://secwatch.observer/filing/0001104659-24-038503.txt

## Key facts
- Debt Financings
  CURO Group Holdings Corp. faced acceleration on senior notes of $318 million.
  - Instrument: senior notes
  - Principal: $318 million
  - Event: acceleration
  source text: Approximately $318 million in outstanding aggregate principal amount of 2.0L Notes issued pursuant to the indenture governing the 2.0L Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
- Debt Financings
  CURO Group Holdings Corp. faced acceleration on senior notes of $682 million.
  - Instrument: senior notes
  - Principal: $682 million
  - Event: acceleration
  source text: Approximately $682 million in outstanding aggregate principal amount of 1.5L Notes issued pursuant to the indenture governing the 1.5L Notes;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
- Debt Financings
  CURO Group Holdings Corp. faced acceleration on credit facility of $178 million.
  - Instrument: credit facility
  - Principal: $178 million
  - Event: acceleration
  source text: Approximately $178 million of outstanding borrowings under the Credit Agreement;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
- Distress & Bankruptcy
  CURO Group Holdings Corp. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2024-03-25).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas, Houston Division
  - Petition: 2024-03-25
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
- Material Agreements
  CURO Group Holdings Corp. amended First Heritage Amendment with First Heritage Financing I, LLC (effective 2024-03-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: First Heritage Financing I, LLC
  - Effective: 2024-03-25
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
- Material Agreements
  CURO Group Holdings Corp. entered into Restructuring Support Agreement with Consenting Stakeholders (effective 2024-03-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Consenting Stakeholders
  - Effective: 2024-03-22
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.