PE-backed 24 Hour Fitness preps for bankruptcy filing: WSJ

Gym chain 24 Hour Fitness is preparing a bankruptcy filing, reported the Wall Street Journal.

Gym chain 24 Hour Fitness is preparing a bankruptcy filing, reported the Wall Street Journal. The news outlet notes that 24 Hour Fitness “has been shopping for a potential bankruptcy loan of as much as US$200 million.” The company is owned by AEA Investors and Ontario Teachers’ Pension Plan.

Source: WSJ