---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-408874"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2026-09-30T18:10:59+00:00"
generated_at: "2026-10-12T14:02:09.357309+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Leslie's files pre-arranged Chapter 11; 76 stores closed, Nasdaq trading suspended Oct 6

## Summary
- Leslie's and nine subsidiaries filed pre-arranged Chapter 11 in the Southern District of Texas on Sept 30, 2026; RSA signed with lenders holding ~81.1% of prepetition term loans.
- $90.0M Term Loan DIP at SOFR+3.25% and $225.0M ABL DIP at SOFR+6.50%, each maturing six months from the Petition Date; $45.0M of the term DIP funds at interim order.
- $60.0M equity private placement buys 55.80% of New Common Equity; term loan holders get 10% and DIP conversion 30%; all existing LESL shares cancelled for no consideration.
- Prepetition debt of ~$756.65M term loan and ~$50M ABL is immediately due; 76 under- or non-performing U.S. stores closed Sept 29, 2026, with charges not yet estimable.
- Nasdaq notice Sept 25, 2026: bid under $1.00 for 30 days and no cure period after a reverse split; trading suspended Oct 6, 2026, no appeal planned, OTC trading expected.

## SEC filing metadata
- accession: 0001193125-26-408874
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2026-09-30T18:10:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 2.05, 2.06, 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000119312526408874/0001193125-26-408874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000119312526408874/d175109d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-408874
- JSON: https://secwatch.observer/filing/0001193125-26-408874.json
- Plain text: https://secwatch.observer/filing/0001193125-26-408874.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.