Equinox Group Secures $1.8 Billion to Refinance Loans and Drive Club Growth

Equinox Group Secures $1.8 Billion to Refinance Loans and Drive Club Growth

Upscale brand Equinox has announced it has secured approximately $1.8 billion (USD) in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.

 

The strategic investments in Equinox come following a 27% increase in revenue in 2023 for the company. In 2023, member engagement was also higher than any previous year on record. Equinox currently operates 107 clubs globally, including three in Canada, and has a current pipeline of 25 new locations across various major markets. The company continues to explore additional opportunities in existing and new markets.

 

“We are seeing record performance in revenue growth and member engagement, which demonstrates our position as the global leader in high performance luxury lifestyle,” said Harvey Spevak, Executive Chairman and Managing Partner of Equinox Group. “These new strategic investments from a group of world-class partners, that share our vision for the Equinox brand, will empower us to accelerate further growth through new club openings and new innovative offerings, as well as by scaling the Equinox luxury experience.”

 

In addition to the refinancing of the maturing loans, Equinox also announced the company secured a new revolving credit facility from Goldman Sachs, Morgan Stanley, and J.P. Morgan.

 

Equinox Group’s ecosystem of brands currently includes Equinox, Equinox Hotels, SoulCycle, Blink Fitness and E by Equinox.

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