Cutera Inc., a company specializing in skin care and beauty technology, is taking steps to address its unsustainable debt. The company has enlisted legal counsel from two prominent law firms, Hunton Andrews Kurth LLP and Ropes & Gray LLP, to assist in this process.
The strategy being employed to tackle the debt burden is a pre-packaged debt-swap. This approach enables the company to negotiate with creditors and restructure its debt obligations outside of a formal bankruptcy proceeding. By reaching an agreement with creditors before initiating the process, Cutera aims to streamline the restructuring and potentially minimize disruptions to its operations.
Further details regarding the specific terms of the debt-swap, including the amounts involved and the proposed restructuring plan, were not immediately available. The involvement of these two reputable law firms suggests a serious commitment by Cutera to stabilize its financial position and secure a sustainable future.
