Weight Watchers to amend and restate credit facility in connection with tender offer

By Sara Rosenberg

New York, July 22 - Weight Watchers International Inc. plans to amend and restate its existing credit facility in conjunction with a cash tender offer for all its $150 million outstanding 13% senior subordinated notes due 2009 and all its €100 million outstanding 13% senior subordinated notes due 2009.

The tender offer will be funded with additional borrowings under the company's credit facility and cash on hand.

Weight Watchers is a Woodbury, N.Y. global branded consumer company and a provider of weight-loss services.

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