Finance 24 Hour Fitness Engages With Suitors Before Planned Bankruptcy Staff Editor June 6, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in “24 Hour Fitness is productively engaged with its creditors to explore strategic options and ensure the company is well positioned to serve its members nationwide for the long-term,” the San Ramon, California-based company said in a statement sent to Bloomberg. 24 Hour Fitness– which has felt the brunt of nationwide shutdowns to curb the spread of Covid-19 — skipped a June 1 interest payment on its unsecured bonds due 2022, Bloomberg reported earlier this week.As it works out its borrowings, the fitness chain also started reopening certain locations in Texas under state and federal guidelines. The contemplated sale process of the company is one option… READ MORE @ Bloomberg“24 Hour Fitness is productively engaged with its creditors to explore strategic options and ensure the company is well positioned to serve its members nationwide... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: 24 Hour Fitness Bankruptcy
