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Leslie's Inc. has filed for Chapter 11 bankruptcy to restructure its debt, announcing a Restructuring Support Agreement that will eliminate approximately 90% of its outstanding funded debt. The company also secured $150 million in new capital, including $90 million in DIP financing and $60 million in equity financing.
Leslie's, Inc. announced it has entered into a Restructuring Support Agreement (RSA) with a group of its lenders. This transaction is intended to strengthen its financial foundation and position the company for the future.