Leslie's files Chapter 11 plan and disclosure statement with Texas bankruptcy court

Leslie's, Inc. and eight subsidiaries, including Leslie's Poolmart, Inc., Cortz, Inc. and Hot Tub Works, LLC, filed with the US Bankruptcy Court for the Southern District of Texas a Joint Plan of Reorganization and a Disclosure Statement on 20 October 2026, according to the 8-K filed on 22 October 2026. The filing states the Plan was lodged under Docket No. 166 and the Disclosure Statement under Docket No. 167, in the case captioned In re Leslie's, Inc. et al, Case No. 26-90795 (ARP).

The 8-K states the Chapter 11 petitions were filed on 30 September 2026, described in the filing as the Petition Date, and that the Company Parties entered into a restructuring support agreement that day with holders of loans under the Amended and Restated Term Loan Credit Agreement dated 9 March 2021. The filing says the Disclosure Statement and Plan are consistent with the terms of the previously disclosed restructuring support agreement.

The 8-K cautions that trading in the Company's securities during the Chapter 11 Cases is highly speculative and that the Company expects equity holders may experience a significant loss on their investment if the Plan is confirmed. The filing does not state the recovery terms for specific classes of creditors or shareholders, nor does it give a date for a confirmation hearing.

SEC EDGAR records show Leslie's, Inc. filed an earlier 8-K on 30 September 2026 covering the bankruptcy filing, debt acceleration and listing notice, and a further 8-K on 5 October 2026 covering a material agreement and new debt tied to the case.