Case filing & court posture: Cutera, Inc. filed a prepackaged Chapter 11 petition on March 5, 2025 in the Southern District of Texas (Case No. 25-90088), with Judge Alfredo R. Perez presiding. Dkt. 1 The Debtor is a global provider of aesthetic and dermatology solutions, manufacturing laser and energy-based medical devices sold in over 86 countries. Dkt. 5
Liquidity & financing path: Consenting noteholders provided a $25 million DIP financing facility to support operations during the restructuring. Dkt. 19 The Court entered an interim DIP order on March 6, 2025. Dkt. 83
Restructuring outcome: The Debtors pursued a prepackaged plan to convert approximately $429 million in unsecured convertible senior notes to equity. Dkt. 7 The plan was confirmed on April 16, 2025—just 42 days after filing. Dkt. 230 Under the plan, senior noteholders received 100% of reorganized common equity plus rights to participate in a $30 million equity rights offering, general unsecured claims were paid in full, and existing common equity was cancelled without recovery.
Plan effective date & post-confirmation: The plan became effective on May 1, 2025. Dkt. 256 The company emerged as a private entity with a $38 million exit term loan facility.
Current status: The Court entered a final decree closing the Chapter 11 cases on July 20, 2025. Dkt. 290
