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CURO Group Holdings Corp. (OTC: CUROQ) has announced the confirmation of its Joint Prepackaged Plan of Reorganization by the U.S. Bankruptcy Court for the Southern District of Texas and the Ontario Superior Court of Justice. The Plan received overwhelming support from stakeholders, relieving CURO of approximately $1 billion in debt and at least $75 million in annual interest obligations.
It aims to improve liquidity and ensure full payment to general unsecured creditors. CURO targets exiting Chapter 11 by late June, pending regulatory approvals and customary conditions. CEO Doug Clark acknowledged the collaboration and support from various stakeholders as key to this milestone.
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