WeightWatchers and lender advisors enter confidential talks for restructuring

Financial Restructuring - WW International is reportedly in discussions about potentially restructuring its debt with lender advisors, having entered into a confidentiality agreement [1] - Initial restructuring talks focus on the company's financial forecasts and strategy [2] - Advisors are exploring available courses of action for lenders based on the information gathered [3] Financial Position - The company's total liabilities stand at $1.69 billion, which includes$1.4 billion in net long-term debt [4] - The net debt to adjusted EBITDA ratio is significant at 10.4x as of the end of the third quarter [4] - WeightWatchers has borrowed approximately $121.3 million under its senior secured revolving credit facility to provide financial flexibility [4][5] Business Performance - WeightWatchers generated$601.5 million in net revenues over the first three quarters of 2024, with a net loss of $370.8 million during the same period [7] - The interim CEO acknowledged the need for significant work to change the business trajectory, citing the industry's massive transition and recent disruptions [8]