Equinox Gets $1.8 Billion in Fresh Capital to Refinance Debt

Luxury fitness company Equinox Holdings Ltd.has received around $1.8 billion in fresh capital to refinance maturing loans and support its growth strategy, according to a statement seen by Bloomberg News.

The transaction was led by Sixth Street, a new investor in the firm, and Silver Lake, the statement said. In addition to refinancing maturing loans, Equinox said it secured a new revolving credit facility from Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.

Equinox, which operates high-end fitness clubs and owns the SoulCycle chain, has been holding discussions for months to secure a loan in the ...