Navigation Links
Equinox Holdings, Inc. Commences $400 Million Private Debt Offering
Date:1/15/2010

NEW YORK, Jan. 15 /PRNewswire/ -- Equinox Holdings, Inc. (the "Company") announced today that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $400 million principal amount of Senior Secured Notes due 2016 (the "Notes").  The Notes will be guaranteed on a senior secured basis by all of the Company's existing and future subsidiaries that guarantee the Company's new revolving credit facility, which will be entered into in connection with the issuance of the Notes (the "New Revolving Credit Facility").  The Notes and the guarantees thereof will be secured by a second-priority lien on the assets that secure the New Revolving Credit Facility, subject to certain limited exceptions.  The net proceeds from the sale of the Notes and cash on hand, together with proceeds from the concurrent private sale of notes by the Company's indirect parent, Related Equinox Holdings II, L.L.C. ("Holdings") (which notes will not be guaranteed by the Company or any of its subsidiaries), are expected to be used to refinance the Company's and Holdings' existing notes.

The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties.  Forward looking statements, which are based on management's current expectations, are generally identifiable by the use of terms such as "may," "will," "expects," "believes," "intends," "anticipates" and similar expressions.  Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements.  Readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.

SOURCE Equinox Holdings, Inc.


'/>"/>
SOURCE Equinox Holdings, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Resolve for Results: 10 Tips From Equinox Fitness Club to Help You Keep Your Resolutions in 09
2. Equinox Fitness Clubs Grows With The Flow
3. Equinox Fitness Clubs Continues National Expansion with the Opening of its Second Boston Location
4. Here Comes the Sun: Celebrity Equinox Named in Southampton
5. Pump Up The Volume: Equinox Releases Exclusive Celebrity Playlists
6. Equinox Introduces its Second Pure Yoga Studio on the Upper West Side
7. Equinox Fitness Clubs Opens Second Texas Location In Preston Hollow
8. China Shenghuo Pharmaceutical Holdings, Inc. Begins Full-Scale Launch of 12Ways(R) Chinese Herbal Skin Care Product Line
9. AHPC Holdings, Inc. Announces Intent to Deregister Common Stock With Securities and Exchange
10. Siemens Announces Early Termination of Hart-Scott-Rodino Waiting Period For Acquisition of Dade Behring Holdings, Inc.; U.S. Antitrust Clearance Achieved
11. Platinum Underwriters Holdings, Ltd. to Report Third Quarter 2007 Results on October 23, 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited ... To Recovery® program to drive cancer patients to and from their cancer treatments. ... highest quality of life and ongoing independence. Getting to and from medical treatments ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their pencils ... an essay contest in which patients and their families pay tribute to a genetic ... 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
(Date:6/24/2016)... ... 24, 2016 , ... The Haute Beauty Network, affiliated with ... as a prominent plastic surgeon and the network’s newest partner. , Dr. ... handsome men, look naturally attractive. Plastic surgery should be invisible.” He stands by ...
(Date:6/24/2016)... ... June 24, 2016 , ... Strategic ... Frederick area economy by obtaining investment capital for emerging technology companies. SCP ... that have already resulted in more than a million dollars of capital investment ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group ... Tournament held on June 20th at the Woodmont Country Club at 1201 Rockville ... an organization dedicated to helping service members that have been wounded in battle and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016  Arkis BioSciences, a leading ... and more durable cerebrospinal fluid treatments, today announced ... Series-A funding is led by Innova Memphis, followed ... other private investors.  Arkis, new financing will accelerate ... the market release of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... ITASCA, Ill. , June 23, 2016  In a startling ... states are failing their residents by lacking a comprehensive, proven plan ... , a definitive ranking of how states are tackling the ... rating to only four states – Kentucky , ... and Vermont . Of the 28 failing states, ...
(Date:6/23/2016)... , June 23, 2016 Bracket , a ... its next generation clinical outcomes platform, Bracket eCOA (SM) ... on June 26 – 30, 2016 in Philadelphia ... electronic Clinical Outcome Assessment product of its kind to fully ... Bracket eCOA 6.0 is a flexible platform for ...
Breaking Medicine Technology: