secwatch.observer — SEC 8-K summary
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Issuer:     CURO Group Holdings Corp. (—)
CIK:        0001711291
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001711291-24-000024
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CURO Group delisted from NYSE; forbearance extended to March 25 amid restructuring talks
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- NYSE suspended trading and initiated delisting on Mar 11, 2024; Form 25 filed Mar 14; effective 10 days later.
- Company will not appeal; stock now trades on OTC Pink (CURO); intends to file Form 15 to terminate SEC registration.
- Forbearance with 84% of 1.5L noteholders (7.500% due 2028) and 74% of 2.0L noteholders extended to Mar 25, 2024.
- Lenders under 1.0L credit agreement extended waiver of cross-defaults (missed $25.6M and $11.9M interest payments) to Mar 25.
- Company continues discussions with lenders on a comprehensive financial restructuring to strengthen balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711291/000171129124000024/0001711291-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711291/000171129124000024/curo-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001711291-24-000024

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