WW International Inc. (NASDAQ: WW) announced plans to use up to $40 million in cash to prepay and reduce the principal amount of its outstanding term loan, according to a company statement.

The prepayment consists of two components: $25 million to $30 million in aggregate principal amount for the annual cash sweep payment due June 24, 2026, and a voluntary solicitation to utilize up to $10 million in cash to prepay the term loan at a discount. The solicitation is expected to commence April 27, 2026 and close April 30, 2026.

The company reaffirmed its first quarter 2026 subscriber estimates and full year 2026 financial guidance previously provided on March 16, 2026. Based on its full year 2026 financial guidance, WW International expects to generate cash through the remainder of the year following first quarter cash usage due to peak season marketing.

"Today's announcements reflect the progress we have made over the last year to strengthen our liquidity position and deleverage our balance sheet," said Felicia DellaFortuna, Weight Watchers CFO and member of the Company's Interim Office of the Chief Executive.

DellaFortuna added that the company remains focused on maintaining a strengthened capital structure supported by cash generation to fund continued investments and drive growth.