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The pool and spa retailer has entered a lender-backed restructuring that would cut about $685 million of funded debt, bring in new financing and shift majority ownership to existing lenders. Key Investor TakeawaysLeslie’s (NASDAQ:LESL) has filed for a prearranged Chapter 11 restructuring with support from more than 80% of its existing lenders.
PHOENIX, Ariz., September 30, 2026--Leslie's, Inc. ("Leslie’s" or the "Company"), the largest and most trusted direct-to-customer brand in the U.S. pool and spa care industry serving residential customers and pool professionals nationwide, today announced that it has entered into a Restructuring Support Agreement ("RSA") with a group of its existing lenders that lays the groundwork for transactions that will significantly strengthen the Company’s capital structure, rationalize its retail operati
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