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On July 21, 2020, WorldStrides announced that it has entered into a restructuring support agreement (“RSA”) with its lenders and owners for a comprehensive recapitalization plan. The recapitalization will reduce the Company’s debt obligations and provide access to significant new, committed financing to support its business plan going forward, including navigating the COVID-19 pandemic, which has put the student travel and experiential learning industry at a standstill. To implement the recapitalization, WorldStrides has voluntarily filed a prepackaged Chapter 11 plan of reorganization under the United States Bankruptcy Code (the “Plan”).

WorldStrides intends to continue paying customer refunds and expects to continue paying vendors and other partners in full in the ordinary course of business. 

On July 14, 2020, WorldStrides launched solicitation of its Plan.  The Debtors' Plan was confirmed by the Court on September 13, 2020.  Please click HERE for a copy of the Confirmation Order.

Additional information about the solicitation may be obtained by calling 855.360.4358 (Toll-Free) or 949.266.6752 (International). You may also submit an inquiry via email by clicking HERE.