WW International files amended Chapter 11 plan; existing equity to get 9% of new common

WW INTERNATIONAL, INC.

Amended Plan Supplement filed June 12: existing equity holders receive 9% of new common equity, subject to milestones; first lien holders get 91%.
Plan reduces long-term debt by ~$1.15B and annual interest payments by ~50% to ~$50M.
Stock delisted from Nasdaq on May 16; now trades on OTC Pink under WGHTQ.
At June 6 annual meeting, say-on-pay failed (3.6M for, 6.1M against); three Class III directors elected.
Company cautions equity holders may experience significant loss; chapter 11 cases pending.

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