Deals
Equinox Seeks $1.3 Billion From Private Credit for Refinancing
- Fitness company in talks to raise new loan, preferred equity
- Company has more than $1 billion of debt maturing next year
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Luxury fitness company Equinox Holdings has been exploring options including raising a $1.3 billion loan in the private credit market to refinance upcoming debt maturities, according to people with knowledge of the matter.
The company, which operates high-end fitness clubs and owns the SoulCycle chain, has also been discussing raising around $400 million in preferred equity as part of the financing, said the people, who asked not to be identified discussing a private matter.