Weight Watchers International, Inc.
WTW today announced that it has completed an amendment to its existing
credit facilities to increase its borrowing capacity up to an additional $1.45
billion to finance the share purchases in its pending tender offer and the
previously announced related share repurchase from Artal Sp. z o.o.,
Succursale de Luxembourg, the Company's majority shareholder. The Company
also obtained an extension of the maturities of its revolving credit facility
and a portion of its previously existing term loan facility in connection with
the credit facilities amendment. The Company will be filing an amendment to
its previously announced "modified Dutch auction" tender offer for up to
$720.0 million in value of its common stock, at a price not less than $72.00
per share and not greater than $83.00 per share, to provide additional details
regarding the completion of the amendment to its credit facilities in the
tender offer materials.
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