CURO Group Holdings Corp. to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement; Implements Prepackaged Restructuring Plan by Commencing Voluntary Chapter 11 Reorganization - Seite 2

“We are grateful for the ongoing support of our vendors, landlords and business partners. With the changes that will result from this process, our future is bright.”

A steering committee comprised of funds managed by Oaktree Capital Management, LP. (“Oaktree”), Caspian Capital LP, and Empyrean Capital Partners (the “Ad Hoc Group”) led negotiation of the RSA on behalf of creditors. “I want to express my gratitude to the CURO team, both in the U.S and Canada, for their hard work and dedication,” David Smolens, Managing Director in Oaktree’s Special Situations Group said. “We look forward to working with and supporting CURO as it moves on to its next chapter.”

CURO has filed a number of customary motions with the Bankruptcy Court to ensure that its operations continue uninterrupted while its balance sheet is restructured.

CURO has also received a commitment of up to $70 million of new capital in the form of debtor-in-possession (“DIP”) financing from certain of the Company’s prepetition stakeholders, subject to satisfaction of certain customary conditions. The DIP financing, which is subject to court approval, is expected to support the Company’s ongoing operations during the court-supervised process.

Given the broad support of lenders, CURO expects to receive Bankruptcy Court approval of a Plan of Reorganization and Disclosure Statement expeditiously and it expects to emerge from the restructuring process in no later than 120 days.

In connection with the Chapter 11 Cases, the applicable non-debtor subsidiaries of the Company also entered into waivers and amendments with the lenders under the Company’s existing loan receivables securitization programs. These accommodations ensure that such securitization programs remain in effect notwithstanding the filing of the Chapter 11 Cases and are able to continue, with certain negotiated modifications, following the Company’s emergence from Chapter 11.

Additional information regarding the Company's court-supervised process is available at CURO's restructuring website, https://dm.epiq11.com/Curo.

Court filings and other information related to the proceedings are available on a separate website administered by the Company’s claims agent, Epiq, at https://dm.epiq11.com/Curo, by calling Epiq toll-free at [phone] (or [phone] for calls originating outside of the U.S.), or by sending an email to [e-mail].

Akin Gump Strauss Hauer & Feld LLP is serving as legal counsel to the Company, Cassels Brock & Blackwell LLP is serving as Canadian legal counsel to the Company, and Oppenheimer & Co. Inc., is serving as investment banker to the Company. Wachtell, Lipton, Rosen & Katz and Vinson & Elkins LLP are serving as legal counsel to the Ad Hoc Group, and Houlihan Lokey Capital, Inc. is serving as financial advisor to the Ad Hoc Group.