Equinox gets another reprieve from revolver lenders as refinancing talks advance
- Rachel Butt
Equinox has pushed out its revolver maturity to 29 February, again buying it more time to explore refinancing options, according to 9fin sources.
That came after revolver lenders agreed on a two-month extension from last November, in exchange for higher coupon and a slight debt paydown, sources said.
The luxury fitness company, which owns the SoulCycle chain, has been gauging interest from third parties to raise around $400m in preferred equity and roughly $1.3bn in the form of a new loan to address upcoming maturities, sources said.