Equinox Holdings, an operator of high-end, luxury fitness cubs, has been exploring several options to refinance its upcoming maturities, including raising a $1.3bn loan in the private credit market, according to a report by Bloomberg.
The report cites people with knowledge of the matter as revealing that the company, which also owns the SoulCycle chain, has also been discussing raising around $400 million in preferred equity as part of the financing.
Equinox’s adviser Centerview Partners has been pitching the loan proposal to direct lending funds, according to Bloomberg’s sources, although talks are said to be ongoing and no agreements have been reached yet.
Equinox has a first-lien term loan of $1bn due to mature in March, as well as a revolving credit line maturing in January and a $200 million second-lien term loan due in September, according to a Moody’s Investors Service downgrade note from November.
