Spandex Maker Lycra Seeks Private Deal for Debt Refinancing.

Lycra Co., a textile company known for producing form-fitting elastic material used in yoga and cycling clothing, is seeking a private deal to refinance its debt. The company is looking to raise about $350 million to address upcoming term loans and notes maturing in the next few months. Lycra is working with financial advisors to navigate its debt obligations, which include riskier bonds due in the near future. The company is currently owned by a group of lenders-turned-shareholders following a debt restructuring in 2022. [Extracted from the article]