CUTERA INC: going-concern / distress — Cutera files Chapter 11; plans to equitize $429M in senior notes, cancel equity

that certain Indenture, dated as of December 12, 2022, among Cutera as the issuer and Crystal as a guarantor and U.S. Bank National Association, as trustee, as amended, restated, amended and restated, supplemented, or otherwise modified from time to time in accordance with the requirements thereof, governing Cutera's 4.00% Senior Notes due 2029

that certain Indenture, dated as of May 27, 2022, among Cutera as the issuer and Crystal as a guarantor and U.S. Bank National Association, as trustee, as amended, restated, amended and restated supplemented or otherwise modified from time to time in accordance with the requirements thereof, governing Cutera's 2.25% Senior Notes due 2028

that certain Indenture, dated as of March 9, 2021, among Cutera as the issuer and Crystal as a guarantor and U.S. Bank National Association, as trustee, as amended, restated, amended and restated, supplemented, or otherwise modified from time to time in accordance with the requirements thereof, governing Cutera's 2.25% Senior Notes due 2026

On March 5, 2025 (the “ Petition Date ”), Cutera, Inc., a Delaware corporation (“ Cutera ”) and Crystal Sub, LLC, a Texas limited liability company and wholly owned subsidiary of Cutera (“ Crystal ” and together with Cutera, the “ Debtors ” and, the Debtors together with certain affiliates, the “ Company ”) filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”), commencing cases (collectively, the “ Chapter 11 Cases ”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 (the “ Bankruptcy Code ”).