Exhibit 99.1
For more information, contact:
Investors:
Corey Kinger, WW
212.601.7569
corey.kinger@weightwatchers.com
WW Prepays Portion of Term Loan Facility
NEW YORK (May 31, 2019)– On May 31, 2019, Weight Watchers International, Inc. (NASDAQ: WW) voluntarily prepaid $50 million of term loans outstanding under its credit agreement. After giving effect to the prepayment, approximately $1.39 billion of term loans remain outstanding under such credit agreement.
As a result of this prepayment, the Company 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.
About Weight Watchers International, Inc.
WW – the new Weight Watchers – is a global wellness company and the world’s leading commercial weight management program. We inspire millions of people to adopt healthy habits for real life. Through our engaging digital experience andface-to-face group workshops, members follow our livable and sustainable program that encompasses healthy eating, physical activity, and a helpful mindset. With more than five decades of experience in building communities and our deep expertise in behavioral science, we aim to deliver wellness for all. To learn more about the WW approach to healthy living, please visitww.com. For more information about our global business, visit our corporate website atcorporate.ww.com.
This news release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, any statements about the Company’s plans, strategies and prospects. The Company generally uses the words “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” “intend” and similar expressions in this news release to identify forward-looking statements. The Company bases these forward-looking statements on its current views with respect to future events and financial performance. Actual results could differ materially from those projected in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: competition from other weight management and wellness industry participants or the development of more effective or more favorably perceived weight management methods; the Company’s ability to continue to develop new, innovative services and products and enhance its existing services and products or the failure of its services, products or brands to continue to appeal to the market, or the Company’s ability to successfully expand into new channels of distribution or respond to consumer trends; the ability to successfully implement new strategic initiatives; the effectiveness of the Company’s advertising and marketing programs, including the strength of its social media presence; the impact on the Company’s reputation of actions taken by its franchisees,