Weight Loss Brand Jenny Craig Seeks Help as Debt Maturity Nears

Jenny Craig Inc. is working with restructuring adviser Miller Buckfire & Co to help the weight-loss company deal with looming debt maturities that are clouding its performance, according to people with knowledge of the situation.

The HIG Capital-backed company has a first-lien term loan due in October 2024, filings of CION Investment Corp. show. CION, which held around $11.8 million of the loan, marked its stake at around 80% of par value in the third quarter. Brightwood Capital Advisors is also a lender, said the people, who asked not to be named discussing private information.

“Jenny Craig is considering ...