On March 17, 2025, WeightWatchers and advisors to its lenders entered into confidential discussions regarding a potential restructuring of the company’s debt. These talks aim to address the company's substantial financial obligations and persistent revenue declines.
WeightWatchers faces a significant debt burden, with total liabilities amounting to $1.69 billion, including $1.4 billion in net long-term debt. The company's net debt to adjusted EBITDA slivered ratio was 10.4x at the end of Q3 2024, highlighting its high financial leverage.
The company had previously borrowed $121.3 million under its revolving credit facility to provide financial flexibility and appointed advisors to evaluate its capital structure. Entering formal talks with lenders is a critical step towards resolving its financial challenges and improving its balance sheet, with the goal of cutting interest expenses.
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