Equinox completes refinancing providing more than $1 billion for growth
Equinox said the refinancing provided more than $1 billion for its club portfolio, member experience and strategic growth. It also said it planned to accelerate openings from a pipeline of about 50 clubs.
Equinox said it had completed a comprehensive refinancing that provided more than $1 billion in capital planned for its global club portfolio, member experience and strategic growth initiatives.1
Existing investors Silver Lake, principals of Related Companies and Ares provided additional equity capital, while existing lenders Ares and Sixth Street participated in the debt refinancing. The company said it planned to accelerate openings from a pipeline of about 50 new clubs, expand into high-potential markets and invest in existing locations.1
Equinox said it had 118 clubs in 18 major markets.1
