WW International Inc. has entered into a new Senior Secured Credit Agreement with Wilmington Savings Fund Society, FSB, acting as the administrative agent, and various lenders. This agreement establishes a New Term Loan Facility amounting to $465 million in aggregate principal, set to mature on June 24, 2030. The agreement requires the company to prepay outstanding term loans with 100% of the unrestricted cash above $100 million, as well as 100% of net cash proceeds from specified asset sales, subject to certain conditions. The obligations under this agreement are secured by substantially all assets of WW International and its material subsidiaries in the United States, United Kingdom, and the Netherlands. Borrowings under this facility will bear interest based on a determined rate, ensuring the company's continued financial flexibility.
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