other_material
confidence high
sentiment neutral
materiality 0.85
WW International exits Chapter 11; old equity canceled, $465M new term loan, new board
WW INTERNATIONAL, INC.
- Emergence effective June 24, 2025; old common stock canceled, holders receive 900,000 of 10M new shares (9%).
- New $465M senior secured term loan due 2030 replaces ~$1.116B prepetition term loan and $500M notes discharged.
- Board reconstituted: five directors out, four new directors appointed (Eugene Davis, Carney Hawks, Michael Mason, Nikolaj Sjoqvist).
- Company issues 10M new common shares: 9.1M to first lien creditors, 0.9M to prior equity holders.
- Fiscal year changed to calendar year; quarterly periods adjusted effective from 2025.
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