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Curo Group Holdings Corp (CURO) has provided an announcement.
CURO Group Holdings Corp. has reached agreements to extend forbearance on its 7.500% Senior Secured Notes due 2028, providing temporary relief from defaults related to missed interest payments and liquidity requirements. Simultaneously, the NYSE has initiated delisting procedures for the company’s common stock due to non-compliance with market capitalization rules, leading to its shares being traded on the OTC Pink Open Market. Amidst these challenges, the company is actively engaged in discussions for a potential financial restructuring to improve its balance sheet and overall financial health, while also planning to terminate its stock registration and reporting obligations under the Exchange Act.
Learn more about CURO stock on TipRanks’ Stock Analysis page.
