Leslie’s secures USD 90 million new-money DIP financing from existing lenders under restructuring deal

Bitget2026/09/30 18:11

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Leslie’s entered a restructuring support agreement with a group of existing lenders tied to a prearranged Chapter 11 process.
Deal includes commitments for $90 million of new-money debtor-in-possession financing.
Company also lined up a fully committed $225 million DIP asset-based financing facility from existing ABL lenders, subject to court approval.
Transaction package also contemplates a $60 million equity financing, fully backstopped by certain RSA parties.
Plan targets a roughly $685 million reduction, about 90%, of outstanding funded debt, with emergence targeted for early 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leslie's Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-408874), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Leslie’s secures USD 90 million new-money DIP financing from existing lenders under restructuring deal

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