24 Hour Fitness is in talks with entities to find a stalking horse bidder ahead of a court-supervised bankruptcy. The mid-tier fitness chain, which operates more than 430 gyms, is seeking the stalking horse bidder before it files for bankruptcy, Bloomberg reported. The possible Chapter 11 filing would cut the company’s debt and put lenders in control. Investment bankers at Lazard and attorneys at Weil, Gotshal & Manges are advising the gym on the process.
source https://therealdeal.com/2020/06/05/24-hour-fitness-in-talks-with-bidders-ahead-of-bankruptcy/
No comments:
Post a Comment