8-K
filed May 8, 2026, 7:59 PM ET
ticker EWCZ
CIK 0001856236
M&A
confidence high
sentiment neutral
materiality 0.85
European Wax Center, Inc. (EWCZ): M&A transaction — European Wax Center completes take-private by General Atlantic at $5.80/share; stock delisted
European Wax Center, Inc.
- General Atlantic acquires all outstanding shares for $5.80 cash each; implied enterprise value ~$640M.
- Stockholders (excluding GA affiliates) receive $5.80/share; Class A common stock delisted from Nasdaq.
- New $460M Series 2026-1 notes issued; prior $385M Series 2022-1 notes prepaid in full without penalty.
- Board and officers replaced by Merger Sub directors and officers immediately upon closing.
- Amended charter and bylaws; company now privately held and will deregister with SEC.
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
European Wax Center, Inc. incurred senior notes of up to $40,000,000 with Citibank, N.A..
- Instrument
- senior notes
- Principal
- up to $40,000,000
- Counterparty
- Citibank, N.A.
- Event
- incurrence
Exact text from the filing
up to $40,000,000 aggregate principal amount of the Series 2026-1 Variable Funding Senior Secured Notes, Class A-1
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
European Wax Center, Inc. incurred senior notes of $460,000,000 with Citibank, N.A. at 6.40% Fixed Rate.
- Instrument
- senior notes
- Principal
- $460,000,000
- Counterparty
- Citibank, N.A.
- Rate
- 6.40% Fixed Rate
- Event
- incurrence
Exact text from the filing
$460,000,000 aggregate principal amount of the Series 2026-1 6.40% Fixed Rate Senior Secured Notes, Class A-2
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Not Named departed as Director at European Wax Center, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
each of the members of the board of directors of the Company as of immediately prior to the Effective Time ceased his or her respective service as a director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Not Named was appointed as Officer at European Wax Center, Inc..
- Action
- became officer
- Role
- Officer
Exact text from the filing
the officers of Merger Sub Inc. became the officers of the Surviving Corporation
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Not Named was appointed as Director at European Wax Center, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
the directors of Merger Sub Inc. became the directors of the Surviving Corporation
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
European Wax Center, Inc. underwent a change of control involving Glow Midco, LLC for $5.80 per share of Class A Common Stock (closed 2026-05-08).
- Action
- change of control
- Counterparty
- Glow Midco, LLC
- Consideration
- $5.80 per share of Class A Common Stock
- Closing
- 2026-05-08
Exact text from the filing
excluded shares pursuant to the terms of the Merger Agreement, was cancelled and extinguished and automatically converted into the right to receive an amount in cash equal to $5.80 per share of Class A Common Stock, without interest thereon (the “ Class A Per Share Price ”), (ii) each share of the Company’s Class B common stock, par value $0.00001 per share
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
European Wax Center, Inc. entered into Amended and Restated Base Indenture and Series 2026-1 Supplement with Citibank, N.A. valued at $460,000,000 aggregate principal amount of Series 2026-1 6.40% Fixed Rate Senior Secured Notes, Clas (effective 2026-05-08).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Citibank, N.A.
- Value
- $460,000,000 aggregate principal amount of Series 2026-1 6.40% Fixed Rate Senior Secured Notes, Clas
- Effective
- 2026-05-08
Exact text from the filing
As previously disclosed, European Wax Center, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger, dated as of February 9, 2026 (the “ Merger Agreement ”), by and among Glow Midco, LLC, a Delaware limited liability company (“ Parent ”), Glow Merger Sub 1, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“ Merger Sub Inc. ”), Glow Merger Sub 2, LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“ Merger Sub LLC ,” and together with Merger Sub Inc., the “ Merger Subs ”) and EWC Ventures, LLC, a Delaware limited liability company (“ Opco ”), pursuant to which (i) Merger Sub Inc. merged with and into the Company (the “ Corporate Merger ”), with the Company surviving the Corporate Merger as the surviving corporation (the “ Surviving Corporation ”) and a wholly owned subsidiary of Parent and (ii) Merger Sub LLC merged with and into Opco, with Opco surviving as the surviving limited liability company
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
European Wax Center, Inc. terminated Series 2022-1 Supplement and Base Indenture (April 6, 2022) with Citibank, N.A. valued at $388.1 million prepayment including $385,000,000 principal plus $3.1 million accrued interest (effective 2026-05-08).
- Action
- termination
- Agreement
- notes offering
- Counterparty
- Citibank, N.A.
- Value
- $388.1 million prepayment including $385,000,000 principal plus $3.1 million accrued interest
- Effective
- 2026-05-08
Exact text from the filing
Concurrently with the closing of the Mergers, the Master Issuer prepaid in full all outstanding Series 2022-1 5.50% Fixed Rate Senior Secured Notes, Class A-2 issued pursuant to that certain Series 2022-1 Supplement, dated as of April 6, 2022, as amended, supplemented, amended and restated or otherwise modified from time to time, by and between the Master Issuer and Citibank, N.A., as trustee, and that certain Base Indenture, dated as of April 6, 2022, as amended, supplemented, amended and restated or otherwise modified from time to time, by and between the Master Issuer and Citibank, N.A., as trustee and securities intermediary, and all pledge, security, management and other agreements and documents related thereto.
View on SEC.gov
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