Equinox to sell $400 million six-year second-lien notes Jan. 18 week

By Paul A. Harris

St. Louis, Jan. 15 - Equinox Holdings, Inc. will host an 11 a.m. ET investor call on Tuesday for its $400 million offering of six-year second-lien senior secured notes, according to an informed source.

The deal is set to price during the Jan. 18 week.

Morgan Stanley & Co. and Citadel Securities are joint bookrunners for the Rule 144A for life deal.

The notes come with three years of call protection.

Proceeds, together with cash on hand, will be used to refinance an outstanding revolving credit facility, the Equinox Holdings, Inc. 9¼% senior notes due 2012 and the Equinox Holdings II discount notes due 2013.

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

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