8-K
filed May 7, 2025, 7:59 PM ET
ticker WW
CIK 0000105319
other material
confidence high
sentiment negative
materiality 1.00
WW INTERNATIONAL, INC. (WW): going-concern / distress — WW International files prepackaged Chapter 11; equity holders to receive only 9% of reorganized company
WW INTERNATIONAL, INC.
- Filed Chapter 11 on May 6, 2025 with prepackaged plan supported by 72% of First Lien Creditors.
- First Lien Claims (~$1.6B total) to be exchanged for $465M takeback debt and 91% of reorganized equity.
- Common stock holders receive 9% of new equity, subject to forfeiture if milestones are missed.
- Unsecured creditors (including trade vendors) will be paid in full in the ordinary course.
- Plan requires court confirmation within 42 days; equity investment is highly speculative.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WW INTERNATIONAL, INC. reported a default on senior notes of approximately $500.0 million with The Bank of New York Mellon at 4.500% maturing 2029.
- Instrument
- senior notes
- Principal
- approximately $500.0 million
- Counterparty
- The Bank of New York Mellon
- Rate
- 4.500%
- Maturity
- 2029
- Event
- default
Exact text from the filing
(plus any accrued but unpaid interest in respect thereof) under the Credit Agreement, relating to the Company’s revolving credit facility due April 13, 2026; and • approximately $500.0 million of aggregate principal amount (plus any accrued but unpaid interest in respect thereof) under the indenture, dated as of April 13, 2021 (as amended, supplemented or modified from
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WW INTERNATIONAL, INC. reported a default on revolving credit of approximately $171.0 million with Bank of America, N.A. maturing April 13, 2026.
- Instrument
- revolving credit
- Principal
- approximately $171.0 million
- Counterparty
- Bank of America, N.A.
- Maturity
- April 13, 2026
- Event
- default
Exact text from the filing
lenders party thereto, and Bank of America, N.A., as administrative agent and an issuing bank, relating to the Company’s term loan facility due April 13, 2028; • approximately $171.3 million of borrowings (plus any accrued but unpaid interest in respect thereof) under the Credit Agreement, relating to the Company’s revolving credit facility due April 13, 2026; and •
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WW INTERNATIONAL, INC. reported a default on term loan of approximately $945.0 million with Bank of America, N.A. maturing April 13, 2028.
- Instrument
- term loan
- Principal
- approximately $945.0 million
- Counterparty
- Bank of America, N.A.
- Maturity
- April 13, 2028
- Event
- default
Exact text from the filing
The filing of the Chapter 11 Cases described in Item 1.03 above constitutes an event of default under the Company’s following debt instruments: • approximately $945.0 million of borrowings
View on SEC.gov
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
WW INTERNATIONAL, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-05-06).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the District of Delaware
- Petition
- 2025-05-06
Exact text from the filing
On May 6, 2025 (the “Petition Date”), WW International, Inc. (the “Company”) and its subsidiaries WW North America Holdings, LLC, WW Canada Holdco, Inc., WW.com, LLC, W Holdco, Inc., WW Health Solutions, Inc., Weekend Health, Inc. and WW NewCo, Inc. (collectively, the “Company Subsidiary Parties” and together with the Company, the “Company Parties”) filed voluntary petitions (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 District of Delaware (the “Court”) to implement a prepackaged chapter 11 plan of reorganization (the “Plan”) that effectuates a financial restructuring of the Company’s secured debt (the “Financial Reorganization”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.