WeightWatchers fully draws revolver to set up creditor negotiations
- Kartikeya Dar
WeightWatchers disclosed in an 8-K on 3 February 2025 that it had recently drawn around $121m under its $175m revolver due 2026 “to provide financial flexibility,” leaving the revolver fully drawn.
This action sets the company up to progress negotiations with creditors as it seeks to shed mounting leverage amid continuing subscriber declines due to increasing competition from weight loss drugs.