Equinox Holdings upsizes six-year deal to $160 million; price talk 9%-9¼%

By Paul A. Harris

St. Louis, Dec. 8 - Equinox Holdings Inc. increased the size of its proposed six-year senior notes Monday to $160 million (from $150 million) with price talk of 9%-9¼%, according to a syndicate source.

The notes (expected B3/confirmed B-) will be non-callable for three years and are expected to price on Tuesday.

Merrill Lynch & Co. and UBS Investment Bank are joint bookrunners on the Rule 144A deal. Wachovia Securities is co-manager.

Equinox Holdings, a New York City-based exercise and fitness company, plans to use proceeds to repay debt and for general corporate purposes.

© 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.