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Equinox Holdings upsizes six-year deal to $160 million; price talk 9%-9¼%
By Paul A. Harris
St. Louis, Dec. 8 - Equinox Holdings Inc. increased the size of its proposed six-year senior notes Monday to $160 million (from $150 million) with price talk of 9%-9¼%, according to a syndicate source.
The notes (expected B3/confirmed B-) will be non-callable for three years and are expected to price on Tuesday.
Merrill Lynch & Co. and UBS Investment Bank are joint bookrunners on the Rule 144A deal. Wachovia Securities is co-manager.
Equinox Holdings, a New York City-based exercise and fitness company, plans to use proceeds to repay debt and for general corporate purposes.
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