| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for L.A. Fitness International LLC > News item |
L.A. Fitness seeks $300 million credit facility at Libor plus 250 bps
By Sara Rosenberg
New York, March 28 - L.A. Fitness International LLC is in market with a $300 million credit facility that is talked at Libor plus 250 basis points, according to a source.
The facility is comprised of a $100 million revolver and a $200 million term loan, the source said.
The revolver has a 50 bps unused fee.
GE Capital Markets is the lead bank on the deal.
Proceeds will be used for acquisition financing.
Commitments are due from lenders on Tuesday.
L.A. Fitness is an Irvine, Calif.-based sports club chain.
© 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.