Virus Closures Further Delay 24 Hour Fitness’ Bankruptcy Loan

24 Hour Fitness Worldwide Inc. needs another week to negotiate bankruptcy financing in light of ongoing orders from the state of California to keep gyms closed in the wake of the coronavirus pandemic, the fitness company said.

The San Ramon, Calif.-based company has been “working very hard on our budget” and has gotten an extension from lenders on financing milestones, 24 Hour’s attorney, Ryan Preston Dahl of Weil, Gotshal & Manges LLP, told the U.S. Bankruptcy Court for the District of Delaware Friday.

Judge Karen B. Owens July 14 delayed a decision on the company’s request for a $250 million ...