---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-414287"
form_type: "8-K"
ticker: "LESL"
cik: "0001821806"
company_name: "Leslie's, Inc."
filed_at: "2026-10-05T20:45:22+00:00"
generated_at: "2026-10-12T14:54:23.365105+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Leslie's files Chapter 11; draws $45M of $90M DIP term loan; Nasdaq to delist, trading halted Oct 6

## Summary
- Chapter 11 petitions filed Sept 30, 2026 in S.D. Texas (Case No. 26-90795); pre-arranged plan backed by consenting term loan lenders under an RSA.
- DIP financing: $90M super-priority term loan (SOFR+6.50%, 9.50% upfront premium) and $225M ABL facility (SOFR+3.25%); both mature six months from Oct 2, 2026.
- $45M of term DIP drawn Oct 2, 2026; no ABL DIP loans drawn; ~$50M prepetition revolver and $11.145M letters of credit outstanding, subject to creeping roll-up.
- Nasdaq notice Oct 5, 2026: delisting due to Chapter 11, plus Sept 25 bid-price-below-$1 notice; trading suspended Oct 6; company did not appeal; expects OTC Markets trading.
- Company warns equity holders may experience significant loss if the Plan is confirmed; trading in the securities is highly speculative.

## SEC filing metadata
- accession: 0001193125-26-414287
- form_type: 8-K
- ticker: LESL
- cik: 0001821806
- company_name: Leslie's, Inc.
- filed_at: 2026-10-05T20:45:22+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821806/000119312526414287/0001193125-26-414287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821806/000119312526414287/d190635d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-414287
- JSON: https://secwatch.observer/filing/0001193125-26-414287.json
- Plain text: https://secwatch.observer/filing/0001193125-26-414287.txt

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