Equinox seeks $500 million term loan repricing at Libor plus 350 bps

By Sara Rosenberg

New York, April 4 - Equinox Holdings Inc. is in market with a repricing of its $500 million first-lien term loan that is talked at Libor plus 350 basis points with a 1% Libor floor and a par offer price, according to a market source.

The repriced loan has 101 soft call protection for one year, the source said.

BofA Merrill Lynch is leading the deal that launched with a call on Wednesday.

With the repricing, the term loan is being taken down from Libor plus 425 bps with a 1.25% Libor floor.

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

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