Solo Brands Shares Soar as Debt-Restructuring Deal Reached

Solo Brands Inc. reached a debt-restructuring deal and took the interim tag of Chief Executive Officer John Larson as the outdoor-leisure firm has struggled with years of unprofitability.

Shares surged as much as 158% on Monday to 40 cents.

The credit amendment reached Friday includes the refinancing of $230 million in term loans and as much as $90 million of revolving commitments that extends revolving loans to June 2028 — the same maturity as the term loans — according to a regulatory filing on Monday. As part of the deal, Solo paid $136.5 million of revolving loans and $32.5 million ...