Weekly Recap: DIP $100M; $750M debt→equity and 12.5x, ~80 closures
Leslie's, Inc. (NASDAQ:LESL) is negotiating Chapter 11 terms that would give lenders $100M DIP financing and convert about $750M of debt into equity, shifting control from current shareholders as the company, citing tight liquidity and 12.5x debt/EBITDA, closed ~80 stores and a DC.Previous Week Rec…