FILE: A Leslie’s storefront in Santa Clarita, Calif.

One of the largest pool supply companies in the U.S. filed for Chapter 11 bankruptcy last week and has been forced to shutter 76 of its stores nationwide, including eight locations throughout the Bay Area.

Leslie’s, headquartered in Phoenix, Arizona, announced in a Sept. 30 news release that it is entering a “Restructuring Support Agreement to eliminate approximately 90% of debt and secure $150 million of new capital,” with the goal of reemerging from bankruptcy in early 2027.

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Jason McDonell, CEO of the company, said the news “marks an important milestone in our commitment to our customers and our business.” He added that “with a stronger balance sheet and greater financial flexibility, Leslie’s can reinvest across the business to........

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