Company: WW
Filing Date: 2025-06-02
Form Type: 8-K
Source: 0001193125-25-132797
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Company: WW INTERNATIONAL, INC.
Filing Date: 2025-06-02
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

RSA Modification

As previously reported, on May 6, 2025, WW International, Inc. (the “ Company”) and certain of its subsidiaries (together with the Company, the “ Company Parties”) entered into a restructuring support agreement (including a restructuring term sheet annexed thereto (the “ Reorganization Term Sheet”) and together with all annexes and exhibits thereto, the “ RSA”) with certain holders of, or investment advisors, sub-advisers ormanagers of discretionary accounts that hold, loans and/or revolving commitments (the “ Credit Agreement Claims”) under the Company’s credit agreement and the Company’s 4.500% senior secured notes due 2029 (the “ Senior Secured Notes Claims” and together with the Credit Agreement Claims, the “ First Lien Claims”) (collectively, the “ Initial Consenting Creditors” and, together with any subsequent holder, investment advisor, sub-adviser ormanager that has or will become a party to the RSA by joinder, the “ Consenting Creditors”).

On May 30, 2025, the Company Parties and the requisite Consenting Creditors (the “ Requisite Consenting Creditors”) agreed (which agreement is binding on all Consenting Creditors) to modify certain of the terms of the reorganization (the “ RSA Modification”). As previously disclosed, each holder of First Lien Claims will receive, among other recoveries, its pro rata share of $465 million of takeback debt (which, at the time of the initial RSA signing, could have been in the form of senior secured term loans or senior secured notes, at the election of each holder) (the “ New Takeback Debt”). Pursuant to the RSA Modification, the Company Parties and the Requisite Consenting Creditors agreed to modify the New Takeback Debt to remove the option to elect between senior secured term loans and senior secured notes. As a result, all New Takeback Debt will be issued in the form of new senior secured term loans. All other terms of the RSA remain in full force and effect.