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The latest update is out from Curo Group Holdings Corp (CURO).
CURO Group Holdings Corp. and its subsidiaries have entered into a Restructuring Support Agreement with key stakeholders, holding over 74% of their debt, to restructure the company’s financial obligations and recapitalize its capital structure. This bold move includes filing for voluntary Chapter 11 bankruptcy to implement a prepackaged reorganization plan, securing debtor-in-possession financing, and adjusting credit facilities to maintain company operations. While CURO intends to follow through with the restructuring, the success of this plan is not guaranteed, and it is subject to various conditions and court approvals.
Learn more about CURO stock on TipRanks’ Stock Analysis page.
