Luxury Fitness Chain Equinox Raises $1.8B to Refinance Debt Caused by Pandemic

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Luxury gym chain Equinox has raised $1.8 billion from a group of private capital investors to refinance $1.2 billion in debt amassed in the wake of the COVID-19 pandemic.

As reported by the Financial Times, citing a press released issued Friday, Sixth Street, one of the largest private lenders globally, and private equity group Silver Lake, an existing investor, are leading the the effort to infuse $1.8 billion toward the refinancing of maturing loans and to fund working capital and the growth of new clubs.

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