Leslie's files for chapter 11, closes 76 stores amid debt restructuring

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Go back to Leslie's files for chapter 11, closes 76 stores amid debt restructuring

Leslie’s Announces Strategic Transaction to Strengthen Financial Foundation and Position the Company for the Future

September 30, 2026 9:27 AM EDT

Enters into Restructuring Support Agreement to eliminate approximately 90% of debt and secure $150 million of new capital, including $90 million of new-money DIP financing and a $60 million equity financing

Initiates prearranged restructuring process to implement financial and operational reorganization with support from over 80% of existing lenders

Operations to continue in the ordinary course, with customers continuing to receive the products, solutions, and service they rely on for their pool and spa care needs

PHOENIX, Ariz.--(BUSINESS WIRE)-- Leslie's, Inc. (Leslies or the Company), the largest... More