secwatch.observer — SEC 8-K summary
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Issuer:     CURO Group Holdings Corp. (—)
CIK:        0001711291
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001711291-24-000021
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CURO Group misses $37.5M in interest payments, enters forbearance agreements until March 18
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- Missed $25.6M interest payment on 7.500% 1.5L Notes and $11.9M on 7.500% 2.0L Notes on Feb 1, 2024.
- Entered forbearance with holders of ~84% of 1.5L Notes and ~74% of 2.0L Notes; forbearance through March 18, 2024.
- Obtained waiver from lenders holding >80% of term loans under 1.0L Credit Agreement for cross-default and liquidity covenants.
- Company does not expect to cure interest payments within grace periods; event of default anticipated upon expiration.
- Discussions with lenders and stakeholders for a comprehensive financial restructuring remain ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711291/000171129124000021/0001711291-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711291/000171129124000021/curo-20240301.htm
  HTML page:      https://secwatch.observer/filing/0001711291-24-000021

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