Curo Group Confirms Liquidity Compliance, Plans Restructuring

Curo Group Holdings Corp (CURO) has released an update to notify the public and investors about a regulation fd disclosure.

After fears of non-compliance, the Company has confirmed adherence to its liquidity maintenance covenants as of January 31, 2024. A press release on February 8, 2024, marked the completion of a Consent Solicitation, leading to an amendment related to its debt facilities. Concurrently, the Company is negotiating a major financial restructuring with key lenders to bolster its balance sheet. These discussions are part of forward-looking statements that carry risks and uncertainties, and while they indicate potential future directions, they are not definitive guarantees of outcomes.

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For a comprehensive understanding of the announcement, you can read the full document here.