December 04, 2016 9:46 AM ET

Hotels, Restaurants and Leisure

Company Overview of Town Sports International, LLC

Company Overview

Town Sports International, LLC, a health club company, owns and operates sports clubs in the Northeastern United States. The company offers racquet sports, pools, basketball courts, and various recreational activities. Its services include personal training, massage, steam room and sauna, sports clubs for kids, and fitness assessments. The company has health and fitness facilities in New York, Boston, Washington, D.C., and Philadelphia. It also operates in Basel and Zurich, Switzerland. Town Sports International, LLC was formerly known as TSI Club, LLC and changed its name in June 2006. The company is based in New York, New York. Town Sports International, LLC operates as a subsidiary of Tow...

5 Penn Plaza

4 th Floor

New York, NY 10001

United States





Key Executives for Town Sports International, LLC

Chief Executive Officer and President
Age: 57
Compensation as of Fiscal Year 2016.

Town Sports International, LLC Key Developments

TSI Holdings II, LLC and Town Sports International, LLC, and Certain Subsidiaries of the Borrower Enter into the First Amendment to Credit Agreement, Dated as of November 15, 2013

On January 30, 2015, TSI Holdings II, LLC and Town Sports International, LLC (the 'Borrower'), and certain subsidiaries of the Borrower entered into the First Amendment to that certain Credit Agreement, dated as of November 15, 2013 (the 'Credit Agreement'), among the Borrower, Holdings II, as a Guarantor, the lenders party thereto, Deutsche Bank AG, New York Branch, as Administrative Agent, and KeyBank National Association, as Syndication Agent. As a result of the Amendment, the Company is permitted to purchase term loans under the Credit Agreement. Any term loans purchased by the Company will be cancelled. The Company may from time to time purchase term loans in open market transactions, privately negotiated transactions or otherwise; however the Company is under no obligation to make any such purchases. Any such transactions, and the amounts involved, will depend on prevailing market conditions, liquidity requirements, contractual restrictions and other factors.

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Recent Private Companies Transactions

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