LA Fitness Taps Law Firm Paul Hastings Ahead of Debt Talks (1)

LA Fitness International LLC and its lenders are working with lawyers in preparation for negotiations as it seeks to ease its roughly $1.7 billion debt load and keep its gyms operating during the pandemic.

The fitness chain is getting advice from law firm Paul Hastings ahead of formal talks with debt holders, according to people with knowledge of the situation. The firm has provided legal support to LA Fitness in the past and is currently assisting with negotiations over a potential amendment to debt documents that would give the gym owner more financial flexibility, said the people, who asked for ...