Answer āāÆWhat the news says (and does not say) about the ādeāleveragingā actions
The press release you cited states that KrisāÆKreme, Inc. āoutlined a turnaround plan designed to deāleverage the balance sheet and drive sustainable, profitable growth,ā but the excerpt you provided does not enumerate the specific steps the company intends to take in order to achieve that deāleveraging.
What is explicitly in the news excerpt
- Turnaround plan ā Mentioned only in the broad sense of ādeāleveragingā and ādriving sustainable, profitable growth.ā
- No further details are given about the concrete actions (e.g., asset sales, debt refinancing, costācutting initiatives, divestitures, capitalāstructure changes, etc.).
What we canāt infer from the provided text
Because the summary stops after āGAAP net loss of $441.1āÆmillion, including nonācash goodwill and other asset impairment charges totaling $ā¦ā, the specific actionsāsuch as:
- Repayment of existing debt,
- Issuing new equity,
- Selling nonācore assets,
- Reducing capital expenditures,
- Restructuring lease or franchise agreements,
- Reducing headācount or operating expenses,
- Pursuing strategic acquisitions or divestitures,
āare not listed in the excerpt you provided. Therefore, any answer that attempts to detail those actions would be speculative and not based on the supplied information.
Bottomāline answer:
The news excerpt does not contain the specific actions included in KrisāÆKremeās turnaround plan to deāleverage the balance sheet; it only states that such a plan exists. If you need the precise actions, you will need to consult the full press release or a more detailed report that includes the full turnaround plan.