Midprice gym chain 24 Hour Fitness Worldwide Inc. is seeking a financing package to stay afloat through a possible bankruptcy filing that could come within weeks, according to people familiar with the matter.
The company, which is based in San Ramon, Calif., and is owned by private-equity firm AEA Investors and the Ontario Teachers’ Pension Plan, has been shopping for a potential bankruptcy loan of as much as $200 million, one of the people said.
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May 29, 2020 at 05:53AM
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24 Hour Fitness Seeks Bankruptcy Loan as Gym Shutdowns Drag On - The Wall Street Journal
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