RSA Supported by More Than 74% of each of 1L Lenders, 1.5L Noteholders and 2L Noteholders
Filed Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan
Restructuring Plan Expected to Reduce Debt by ~$1 billion, Saving ~$75 million in Cash Interest Annually and Enabling CURO to Invest in Long-Term Growth
All CURO Branches Are Open and Operating As Usual; Customer Loans Unaffected
Secures $70 Million in Debtor-in-Possession Financing
CHICAGO, March 25, 2024–(BUSINESS WIRE)–CURO Group Holdings Corp. (OTC: CURO) (“CURO” or the “Company”) today announced that, on March 22, 2024, it entered into a Restructuring Support Agreement (“RSA”) that is supported by holders (or their investment managers) of more than 74% of ea…
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