LA Fitness Seeks Debt Arrangement Amid Pandemic

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According to Bloomberg, LA Fitness International is considering different plans for how to manage about $1.7 billion of debt in order to keep its clubs operating amidst the pandemic.

Citing people familiar with the matter, Bloomberg reports that the fitness chain is mulling raising new capital and negotiating with lenders to work out an agreement that would help the company navigate the difficult environment it — and many of its competitors in the fitness industry — have endured in recent months. 

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