24 Hour Fitness to launch $130 million term B add-on

By Sara Rosenberg

New York, Nov. 29 - 24 Hour Fitness Worldwide Inc. is scheduled to hold a bank meeting Tuesday to launch a proposed $130 million add-on to its term loan B, according to a market source.

JPMorgan is the lead bank on the deal.

Proceeds from the add-on will be used to redeem senior subordinated notes and some junior capital, the source said.

24 Hour Fitness is a San Ramon, Calif., fitness center chain owner and operator.

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