Weight Watchers to redeem $300 million 8 5/8% notes due 2025

By Taylor Fox

New York, March 31 – Weight Watchers (WW International Inc.) plans to redeem all of its $300 million of outstanding 8 5/8% senior notes due 2025 using proceeds from its offer of $500 million senior notes due 2029, according to a news release.

The proceeds will also be used to repay outstanding amounts under the company’s credit facilities, to pay related fees and expenses and for general corporate purposes.

Weight Watchers is a New York-based provider of weight management services.

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