Equinox Seeks Delay on Promise to Backstop SoulCycle’s Debt (1)

Equinox Holdings Inc. is seeking to rework some of its debts less than a month before the gym chain faces a deadline to cover a loan owed by its SoulCycle subsidiary.

Equinox, the luxury fitness chain backed by billionaire Stephen Ross’s Related Cos., is in talks with HPS Investment Partners, the lender that provided a credit facility to SoulCycle, according to people with knowledge of the matter. Equinox previously said it would guarantee part of Soul Cycle’s credit line of about $265 million, and struck a forbearance deal with HPS last May amid the spreading pandemic to delay ...