Town Sports International News
Town Sports International News. Get the latest town sports international holdings, inc. (clubq) stock quote, history, news and other vital information to help you with your stock trading and investing.
A separate group of prepetition lenders who did not participate in the sale filed suit in may against the ad hoc group and the administrative agent for the lender syndicate, alleging that ad hoc group's. It was to be made as a $50 million loan from kennedy lewis investment management. Town sports international llc filed a chapter 11 petition in delaware that allows the company to keep operating while it works out a plan to pay creditors, negotiate rent reductions and turn the.
On september 13, 2020, town sports international, llc and 161 affiliated debtors (“town sports” or the “debtors”) filed for chapter 11 protection with the u.s.
On december 28, 2020, town sports international holdings, inc., entered into a credit agreement with the several lenders party thereto and alter domus (us) llc, as administrative agent (the administrative agent) pursuant to which the lenders agreed to provide senior secured first. Town sports international holdings, inc. This company has been marked as potentially delisted and may not be actively trading.
The company's clubs offer special purpose rooms for group fitness classes;
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Fallout continues from the november 2020 bankruptcy sale of town sports' assets to a new entity backed, in part, by an ad hoc group of town sports' prepetition lenders.
Town sports international news headlines notice: (clubq) stock news and headlines to help you in your trading and investing decisions. Town sports international, llc has 100 total employees across all of its locations and generates $365.12 million in sales (usd).
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Town sports international, the owner of new york sports clubs, filed for chapter 11 bankruptcy on monday after the coronavirus pandemic forced its gyms to close and caused revenue to dry up. Tsi did not offer a reason for nixing completion of the deal. Town sports international has 658 competitors including nba (united states (usa)), sportradar (switzerland) and bayern munich (germany).
Part of that loan was to have been used to refinance a $193 million loan that is due in november so that the maturity date would be pushed to 2024.
Town sports international has a claims agent to help provide more information and answer any questions about this announcement. Get the latest town sports international holdings, inc. Town sports international (otcmkts:clubq) news headlines today all sources trusted sources marketbeat.com bloomberg marketwatch motley fool nasdaq pr newswire reuters seeking alpha the street the wall street journal yahoo finance source
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