secwatch.observer — SEC 8-K summary
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Issuer:     CURO Group Holdings Corp. (—)
CIK:        0001711291
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001104659-24-038503
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/0001104659-24-038503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711291/000110465924038503/tm249524d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-038503

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