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The latest update is out from WW International ( (WGHTQ) ).
WW International has entered into a new Senior Secured Credit Agreement, which includes a $465 million term loan facility maturing in 2030, secured by the company’s assets in the U.S., U.K., and Netherlands. This agreement replaces the previous $1,175 million Prepetition Credit Facilities and $500 million Senior Secured Notes, which were discharged as part of the company’s reorganization plan. The company also canceled its prior equity securities and issued 10 million new shares of common stock. Additionally, a new board of directors was appointed, and a management incentive plan was approved, allowing for equity-based awards.
The most recent analyst rating on (WGHTQ) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on WW International stock, see the WGHTQ Stock Forecast page.
Spark’s Take on WGHTQ Stock
According to Spark, TipRanks’ AI Analyst, WGHTQ is a Neutral.
WGHTQ’s overall stock score of 48 reflects the company’s substantial financial challenges, with significant risks due to high leverage and negative equity. While the successful exit from bankruptcy is a positive sign, improving the capital structure, the underlying financial instability and poor valuation metrics remain major concerns. Technical indicators suggest a neutral to slightly negative outlook, contributing to a cautious investment stance.
To see Spark’s full report on WGHTQ stock, click here.
More about WW International
Average Trading Volume: 26,743,126
Technical Sentiment Signal: Sell
Current Market Cap: $23.25M
See more insights into WGHTQ stock on TipRanks’ Stock Analysis page.