24 Hour Fitness secures a $305 million senior secured facility to enhance liquidity and support strategic objectives, backed by The TCW Group.

May 13, 2025•3 months ago

Amount Raised

$305 Million

CarlsbadHealth Care

Investors

Cyrus Capital PartnersSculptor Capital ManagementMonarch Alternative CapitalThe Tcw Group

Description

24 Hour Fitness has successfully closed a $305 million senior secured facility to strengthen its financial position and support long-term goals. This refinancing addresses upcoming debt maturities and provides a substantial runway for strategic initiatives. The transaction highlights investor confidence in the company’s transformation. The new financing allows 24 Hour Fitness to optimize its club base while prioritizing member needs.

Company Information

Company

24 Hour Fitness

Location

Carlsbad, California, United States

About

24 Hour Fitness has been a leader in health and fitness for over 40 years, dedicated to creating a healthier, happier world through fitness. With over 265 clubs in 11 states, they offer a variety of fitness options including studio classes, personal training, and innovative digital offerings. Their facilities are designed to be welcoming and inclusive, providing premium equipment and supportive environments. The company emphasizes the importance of movement and aims to empower its members to achieve their health and fitness goals.

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