Brief: OneSpaWorld Announces $75 Million Investment

ONESPAWORLD HOLDINGS

30/04/2020 12:53

April 30 (Reuters) - OneSpaWorld Holdings Ltd  OSW.O :
    * ONESPAWORLD ANNOUNCES $75 MILLION INVESTMENT
    * ONESPAWORLD HOLDINGS LTD - STEINER LEISURE, BACKED BY L
CATTERTON, TO EXPAND ROLE ON COMPANY'S BOARD WITH APPOINTMENT OF
THREE DIRECTORS
    * ONESPAWORLD HOLDINGS LTD - COMPANY EXPECTS TO HAVE
RESOURCES
AVAILABLE TO MAINTAIN LIMITED OPERATIONS FOR MORE THAN 24 MONTHS
    * ONESPAWORLD HOLDINGS LTD - SUSPENDED ITS Q1 AND FULL YEAR
2020
GUIDANCE
    * ONESPAWORLD HOLDINGS LTD - ELIMINATED ALL NON-ESSENTIAL
OPERATING AND CAPITAL EXPENDITURES
    * ONESPAWORLD HOLDINGS LTD - WITHDREW ITS DIVIDEND PROGRAM
UNTIL
FURTHER NOTICE AND DEFERRED PAYMENT OF DIVIDEND DECLARED ON
FEBRUARY 26
    * ONESPAWORLD HOLDINGS LTD - FURLOUGHED 96% OF U.S. AND
CARIBBEAN-BASED DESTINATION RESORT SPA PERSONNEL AND 37% OF
CORPORATE PERSONNEL
    * ONESPAWORLD HOLDINGS LTD - REPATRIATED 45% OF ALL CRUISE
SHIP
PERSONNEL, ELIMINATING ALL ONGOING EXPENSES RELATED TO THESE
EMPLOYEES
    * ONESPAWORLD HOLDINGS LTD - EXPECTS TO REMAIN IN COMPLIANCE
WITH
ITS LOAN AGREEMENTS FOR FORESEEABLE FUTURE

Source text for Eikon:  ID:nBwbd2nZpa 
Further company coverage:  OSW.O 

 ((Reuters.Briefs@thomsonreuters.com;))