Equinox to launch $100 million add-on term loan on Wednesday

By Sara Rosenberg

New York, June 10 – Equinox Holdings Inc. is scheduled to hold a conference call on Wednesday to launch a fungible $100 million add-on term loan, according to a market source.

Bank of America Merrill Lynch and Morgan Stanley Senior Funding Inc. are the lead banks on the deal.

Pricing on the add-on loan matches the existing term loan at Libor plus 325 basis points with a 1.25% Libor floor, the source said.

The original issue discount on the add-on is still to be determined.

Proceeds will be used for general corporate purposes.

Equinox is a New York-based exercise and fitness company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.