10:48 AM EST, 03/05/2025 (MT Newswires) -- Cutera ( CUTR ) said Wednesday it filed a pre-packaged Chapter 11 case in the US Bankruptcy Court for the Southern District of Texas to reduce its debt by about $400 million.

The transaction will cut down Cutera's ( CUTR ) debt by over 90% and includes $65 million in new financing from its lenders, according to the company.

Cutera ( CUTR ) said it expects to complete the court-supervised process within 60 days and on completion it will become a private company.

The company's entities outside the US are not included in the Chapter 11 filings.

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