Cutera reduces debt by $400M, 74% lender support, raises $65M for long-term success and balance sheet strength.
In Brisbane, California, Cutera, Inc., a prominent provider of aesthetic and dermatology solutions, revealed plans for a restructuring deal with backing from a consortium of current lenders owning about 74% of the Company’s notes. This move aims to bolster its financial position for sustained growth. The restructuring will result in a debt reduction of almost $400 million, equating to over 90%, and a fundraising of $65 million.
