• Leslie’s filed voluntary, prearranged Chapter 11 petitions in the Southern District of Texas under a restructuring support agreement.
• Deal targets elimination of about 90% of funded debt, cutting roughly USD 685 million from outstanding borrowings.
• Package includes USD 150 million of new capital, comprising USD 90 million of new-money DIP financing and USD 60 million equity financing.
• Company also sought court approval for a USD 225 million DIP asset-based financing facility to support liquidity during the process.
• Management expects to emerge in early 2027, with existing lenders set to become majority owners; 76 store closures announced.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leslie's Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609300927BIZWIRE_USPR_____20260930_BW768078) on September 30, 2026, and is solely responsible for the information contained therein.