Business
WeightWatchers Takes Strategic Action to Eliminate $1.15 Billion of Debt, Strengthening Financial Position for Long-Term Growth and Profitability
Operations continue with no impact to its more than three million members worldwide Positions the Company to execute its transformation strategy, focused on
About this update from Ww International, Inc.
[{"type":"text","content":"Operations continue with no impact to its more than three million members worldwide Positions the Company to execute its transformation strategy, focused on enhancing its digital and member experience and expanding its telehealth business which achieved 57% year-over-year revenue growth in Q1 2025 Enters comprehensive agreement with lenders and noteholders to significantly reduce its debt obligations and bolster financial flexibility Expects reorganization plan to be confirmed in approximately 40 days and to emerge as a publicly traded company NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- WW International, Inc., the global leader in science-backed weight management, and certain of its affiliates (NASDAQ: WW) (collectively, “WeightWatchers” or the “Company”), announced today that it will implement a financial reorganization transaction (the “Transaction”) that will bolster its financial position, increase investment flexibility in its strategic growth initiatives, and better serve its millions of members around the world. The Transaction will eliminate $1.15 billion in debt from the Company’s balance sheet, and position WeightWatchers for long-term growth and success. With this improved financial foundation, the Company is well equipped to execute its transformation plan, which includes innovating its digital and member experience and accelerating the expansion of its telehealth business which delivered 57% year-over-year revenue growth in Q1 2025. WeightWatchers remains fully operational during the reorganization process and there will be no impact to members or the plans they rely on to support their weight management goals. WeightWatchers’ holistic model of care—including its no. 1 doctor-recommended weight loss program, telehealth offering with access to obesity-trained clinicians and prescription weight-loss medications, and virtual and in-person workshops—remain fully operational during the reorganization process. All trade creditors and other general unsecured creditors will be paid in full. Additionally, the Company intends to remain a publicly traded company upon emergence from the process. The agreement entered into is between WeightWatchers and holders of approximately 72% of the outstanding principal amount of the Company’s term loan facility, revolving credit facility, and 4.5% senior secured notes, who have committed t...