MIAMI, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Court approval of GDA Luma's financing represents a defining milestone in the recapitalization of Pat McGrath Labs and marks the beginning of a new phase of strong stewardship and long-term growth.

Pat McGrath Labs is a house built on audacious artistry, cultural relevance, and singular creative vision, one that has shaped the modern beauty conversation for over a decade. GDA Luma undertakes this investment with profound respect for that legacy, combined with the operational discipline and strategic perspective of an experienced global investor with a proven track record of repositioning iconic brands for enduring success.

As senior secured creditor, GDA Luma has committed up to $10 million in new Debtor-in-Possession financing, together with a further commitment of at least $20 million in post-emergence working capital. In aggregate, the transaction provides up to $30 million of fresh capital to support the Company throughout its Chapter 11 process and to ensure stability and momentum upon emergence.

Upon exit, GDA Luma will hold a controlling equity interest. Founder Dame Pat McGrath will ...