---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-184277"
form_type: "8-K"
ticker: null
cik: "0001459417"
company_name: "2U, Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:15:12.248033+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# 2U files for Chapter 11 bankruptcy; plan cancels existing equity, converts noteholders to full ownership

## Summary
- Voluntary Chapter 11 petitions filed July 25, 2024; prepackaged plan funded by noteholder RSA.
- Existing equity interests will be cancelled; 100% of new common equity issued to convertible noteholders.
- Equity rights offering for at least $46.5M backstopped by consenting noteholders.
- DIP facility of up to $64M secured with junior lien; matures 6 months after petition date.
- Aggregate debt outstanding: ~$380M (2025 notes), ~$147M (2030 notes), ~$414M (first lien credit agreement).

## SEC filing metadata
- accession: 0001193125-24-184277
- form_type: 8-K
- cik: 0001459417
- company_name: 2U, Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 5.2, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1459417/000119312524184277/0001193125-24-184277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1459417/000119312524184277/d875063d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-184277
- JSON: https://secwatch.observer/filing/0001193125-24-184277.json
- Plain text: https://secwatch.observer/filing/0001193125-24-184277.txt

## Key facts
- Distress & Bankruptcy
  2U, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of New York (petition 2024-07-25).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of New York
  - Petition: 2024-07-25
  source text: on July 25, 2024 (the “ Petition Date ”), the Company commenced voluntary cases (collectively, 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 New York (the “ Bankruptcy Court ”) providing for a court-administered reorganization pursuant to the Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1459417/000119312524184277/0001193125-24-184277-index.htm

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