Gym operator 24 Hour Fitness Worldwide planning for a potential bankruptcy even has it begins reopening its locations. The fitness company, which has more than 430 mid-tier gyms, has been talking with investors about the terms of a loan that would keep the company afloat during a court restructuring process, according to Bloomberg. The possible Chapter 11 filing would cut the company’s borrowings by exchanging debt for equity and putting lenders in control. Investment bankers
source https://therealdeal.com/2020/06/01/24-hour-fitness-prepares-for-potential-bankruptcy/
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