Skip to content
Subscriber Only

24 Hour Fitness Engages With Suitors Before Planned Bankruptcy

  • Gym-chain operator skipped June 1 interest payment on bonds
  • Company is working with an adviser to solicit buyer interest
A 24 Hour Fitness gym in Fairfax, Virginia.
A 24 Hour Fitness gym in Fairfax, Virginia.Photographer: Andrew Harrer/Bloomberg

24 Hour Fitness Worldwide Inc. is in discussions with suitors as it seeks a potential buyer to serve as a stalking horse in a court-supervised bankruptcy process, according to people with knowledge of the matter.

The operator of more than 430 gyms is working with an adviser to solicit potential bidders ahead of a planned bankruptcy filing, said the people, who requested anonymity because the talks are private.