Leslie's plunges 47% after report it is considering Chapter 11 bankruptcy

Corporate Action Impact 4
โดย Seeking Alpha·Read original
Summary · why it matters

Leslie's shares plunged 47% in after-hours trading following a Bloomberg report that the pool supplier is evaluating options to lighten its debt load, including a possible Chapter 11 bankruptcy. The company has been holding confidential talks with creditors to extend its debt, according to people familiar with the matter, though no final decision has been made. Leslie's is working with Centerview Partners and receiving legal advice from Simpson Thacher & Bartlett, while a group of creditors is working with Houlihan Lokey and Akin Gump Strauss Hauer & Feld. Shares of Leslie's have sunk more than 75% over the past year.

Impact on stocks 2

Consumer Discretionary▼ · 1 stocks
Leslies Inc
LESL
▼ NegativeCapitalrelevance

Reported considering Chapter 11 bankruptcy to address debt load, shares plunged 47%.

Financials▲ · 1 stocks

Off-coverage companies 3

Akin Gump Strauss Hauer & FeldPrivate± Mixed
relevance

Centerview PartnersPrivate± Mixed
relevance

Simpson ThacherPrivate± Mixed
relevance

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