05:57 AM EDT, 05/07/2025 (MT Newswires) -- WeightWatchers (WW) said Wednesday it will implement a financial reorganization transaction to eliminate $1.15 billion in debt from its balance sheet.

The company has agreed to the plan with holders of about 72% of the outstanding principal on its term loan facility, revolving credit facility, and 4.5% senior secured notes under the supervision of the US bankruptcy court in Delaware.

WeightWatchers said it remains operational during the reorganization process and expects to emerge from court-supervised reorganization in 45 days or less.

Shares of the company were down more than 48% in recent premarket activity.

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