Health and wellness firm Wellful is working with Houlihan Lokey to explore ways to resize its debt, according to 9fin sources.

Meanwhile, a group of lenders is seeking advice from Gibson Dunn, sources said.

Backed by Kairos Capital, Wellful owns household brands including Jenny Craig and Nutrisystem. The company is facing weaker performance as well as upcoming maturities, including a $75m revolver due April 2026 and a $558m first lien term loan due April 2027.