WW Prepays Portion of Term Loan Facility
31 Maio 2019 - 10:05AM
On May 31, 2019, Weight Watchers International, Inc. (NASDAQ: WW)
voluntarily prepaid $50 million of term loans outstanding under its
credit agreement. After giving effect to the prepayment,
approximately $1.39 billion of term loans remain outstanding under
such credit agreement.
As a result of this prepayment, the Company does
not expect that it will have to make any mandatory prepayments of
its term loans from excess cash flow for its 2019 fiscal
year.
About Weight Watchers International, Inc.
WW – the new Weight Watchers – is a global wellness
company and the world's leading commercial weight management
program. We inspire millions of people to adopt healthy habits for
real life. Through our engaging digital experience and face-to-face
group workshops, members follow our livable and sustainable program
that encompasses healthy eating, physical activity, and
a helpful mindset. With more than five decades of
experience in building communities and our deep expertise in
behavioral science, we aim to deliver wellness for all. To learn
more about the WW approach to healthy living, please visit ww.com.
For more information about our global business, visit our corporate
website at corporate.ww.com.
This news release includes “forward-looking statements,” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, including, in particular, any statements about
the Company’s plans, strategies and prospects. The Company
generally uses the words “may,” “will,” “could,” “expect,”
“anticipate,” “believe,” “estimate,” “plan,” “intend” and similar
expressions in this news release to identify forward-looking
statements. The Company bases these forward-looking statements on
its current views with respect to future events and financial
performance. Actual results could differ materially from those
projected in the forward-looking statements. These forward-looking
statements are subject to risks, uncertainties and assumptions,
including, among other things: competition from other weight
management and wellness industry participants or the development of
more effective or more favorably perceived weight management
methods; the Company’s ability to continue to develop new,
innovative services and products and enhance its existing services
and products or the failure of its services, products or brands to
continue to appeal to the market, or the Company’s ability to
successfully expand into new channels of distribution or respond to
consumer trends; the ability to successfully implement new
strategic initiatives; the effectiveness of the Company’s
advertising and marketing programs, including the strength of its
social media presence; the impact on the Company’s reputation of
actions taken by its franchisees, licensees, suppliers and other
partners; the impact of the Company’s substantial amount of debt
and its debt service obligations and debt covenants; the ability to
generate sufficient cash to service the Company’s debt and satisfy
its other liquidity requirements; uncertainties regarding the
satisfactory operation of the Company’s technology or systems; the
impact of security breaches or privacy concerns; the recognition of
asset impairment charges; the loss of key personnel, strategic
partners or consultants or failure to effectively manage and
motivate the Company’s workforce; the inability to renew certain of
the Company’s licenses, or the inability to do so on terms that are
favorable to the Company; the expiration or early termination by
the Company of leases; risks and uncertainties associated with the
Company’s international operations, including regulatory, economic,
political and social risks and foreign currency risks;
uncertainties related to a downturn in general economic conditions
or consumer confidence; the Company’s ability to successfully make
acquisitions or enter into joint ventures, including its ability
to successfully integrate, operate or realize the anticipated
benefits of such businesses; the seasonal nature of the Company’s
business; the impact of events that discourage or impede people
from gathering with others or accessing resources; the Company’s
ability to enforce its intellectual property rights both
domestically and internationally, as well as the impact of its
involvement in any claims related to intellectual property rights;
the outcomes of litigation or regulatory actions; the impact of
existing and future laws and regulations; the Company’s failure to
maintain effective internal control over financial reporting; the
possibility that the interests of Artal Group S.A., the largest
holder of the Company’s common stock and a shareholder with
significant influence over the Company, will conflict with the
Company’s interests or the interests of other holders of the
Company’s common stock; the impact that the sale of substantial
amounts of the Company’s common stock by existing large
shareholders, or the perception that such sales could occur, could
have on the market price of the Company’s common stock; and other
risks and uncertainties, including those detailed from time to time
in the Company’s periodic reports filed with the Securities and
Exchange Commission. You should not put undue reliance on any
forward-looking statements. You should understand that many
important factors, including those discussed herein, could cause
the Company’s results to differ materially from those expressed or
suggested in any forward-looking statement. Except as required by
law, the Company does not undertake any obligation to update or
revise these forward-looking statements to reflect new information
or events or circumstances that occur after the date of this news
release or to reflect the occurrence of unanticipated events or
otherwise. Readers are advised to review the Company’s filings with
the United States Securities and Exchange Commission (which are
available on the SEC’s EDGAR database at www.sec.gov and
via the Company’s website at corporate.ww.com).
For more information, contact:Investors:Corey
Kinger, WW 212.601.7569corey.kinger@weightwatchers.com
WW (NASDAQ:WW)
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