Equinox firms $796 million term loan B at Libor plus 300 bps

By Sara Rosenberg

New York, Nov. 20 – Equinox Holdings Inc. finalized pricing on its $796 million first-lien term loan B at Libor plus 300 basis points, the high end of the Libor plus 275 bps to 300 bps talk, according to a market source.

The term loan still has a 1% Libor floor, a par issue price and 101 soft call protection for six months.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to reprice an existing first-lien term loan down from Libor plus 325 bps with a 1% Libor floor.

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

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