Weight Watchers voluntarily prepays $50 million of term loans

By Wendy Van Sickle

Columbus, Ohio, May 31 – Weight Watchers International Inc. voluntarily prepaid $50 million of term loans outstanding under its credit agreement, according to a Friday news release.

After giving effect to the prepayment, about $1.39 billion of term loans remain outstanding under the credit agreement.

As a result of the prepayment, the company said does not expect that it will have to make any mandatory prepayments of its term loans from excess cash flow for its 2019 fiscal year.

Weight Watchers is a New York-based provider of weight management services.

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