AMERICAS DISTRESS DAILY: WeightWatchers Prepares for Bankruptcy

WW International Inc. is preparing to file for bankruptcy within weeks after reaching a debt-restructuring deal with a majority of its lenders. The company wants to execute what’s known as a pre-packaged filing that would allow it to exit Chapter 11 quickly.

• Its day-to-day operations wouldn’t be impacted by the bankruptcy.
• The company’s shares closed Wednesday at under $0.15, down from a post-pandemic peak of over $40.

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