WW voluntarily initiates ‘pre-packaged’ Chapter 11 bankruptcy

WW (WW) International announced that it will implement a financial reorganization transaction that will bolster its financial position, increase investment flexibility in its strategic growth initiatives, and better serve its millions of members around the world. The transaction will eliminate $1.15B in debt from the company’s balance sheet, and position WeightWatchers for long-term growth and success. With this improved financial foundation, the company is well equipped to execute its transformation plan, which includes innovating its digital and member experience and accelerating the expansion of its telehealth business which delivered 57% year-over-year revenue growth in Q1 2025. WeightWatchers remains fully operational during the reorganization process and there will be no impact to members or the plans they rely on to support their weight management goals. WeightWatchers’ holistic model of care-including its no. 1 doctor-recommended weight loss program, telehealth offering with access to obesity-trained clinicians and prescription weight-loss medications, and virtual and in-person workshops-remain fully operational during the reorganization process. All trade creditors and other general unsecured creditors will be paid in full. Additionally, the company intends to remain a publicly traded company upon emergence from the process. The agreement entered into is between WeightWatchers and holders of approximately 72% of the outstanding principal amount of the company’s term loan facility, revolving credit facility, and 4.5% senior secured notes, who have committed their support for the transaction. To effectuate the transaction, WeightWatchers has voluntarily initiated “pre-packaged” chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. The company expects to move through this process swiftly, with the goal of emerging from the court-supervised reorganization process in approximately 45 days, if not sooner.