24 Hour Fitness Engages With Suitors Before Planned Bankruptcy
June 6, 2020
“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