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The latest update is out from Curo Group Holdings Corp (CURO).
CURO Group Holdings Corp has opted to not pay the interest due on its 7.500% Senior Secured Notes, triggering grace periods for potential default. The company has since entered into forbearance agreements with a majority of its note holders, agreeing to hold off on exercising default rights until mid-March 2024. Simultaneously, key lenders have waived a cross-default under the company’s First Lien Credit Agreement. Additionally, CURO is engaged in discussions with stakeholders for a potential financial restructuring to improve its balance sheet and overall financial stance.
See more insights into CURO stock on TipRanks’ Stock Analysis page.