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CURO Group Holdings Corp. (CUROQ) is a leading financial technology company that provides a variety of convenient and transparent financial solutions to underserved consumers. With a focus on responsible lending practices, CURO offers short-term loans, installment loans, and lines of credit through its online and storefront channels. The company's mission is to help customers improve their financial well-being by providing access to credit in a fast and efficient manner. CURO has a strong track record of growth and innovation, continuously adapting to meet the evolving needs of its customers. Through strategic partnerships and a customer-centric approach, CURO remains at the forefront of the fintech industry.
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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