WW International Inc. filed for Chapter 11 bankruptcy protection on May 6, 2025. Therefore, we lowered our issuer credit rating on the company to ?D? from ?CCC-?. We also lowered our issue-level ratings on all the company?s rated debt instruments to ?D?. WW entered into a restructuring support agreement with approximately 72% of its revolving credit facility and term loan lenders and 4.5% of senior secured noteholders to reduce total outstanding debt to $465 million from $1.6 billion. WW voluntarily initiated prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. The company?s revolving credit facility lenders, term loan lenders, and senior secured noteholders will be entitled to a pro rata share of $465 million in
