Cutera, Inc.

Cutera filed Chapter 11 on March 5 with a prepackaged plan built around lender support and a balance-sheet reset. The petition-day declaration says the debtors had about $429.1 million of funded debt and had signed an RSA with holders of roughly 74% of the senior notes, the sole voting class; the transaction would equitize all prepetition senior notes, fund operations with a $25 million superpriority DIP, add a $30 million equity rights offering backstopped by consenting noteholders, and provide a $10 million exit term loan with delayed-draw capacity through emergence. Bloomberg Law framed the same transaction as cutting debt by about $400 million, while the court record gives the restructuring mechanics professionals need to track. The case starts as a lender-backed prepack rather than an open-ended free fall, so the key near-term diligence points are confirmation execution, DIP approval, and whether any non-consenting noteholders or equity holders challenge the proposed value split in the Harris first-day declaration.