Equinox Holdings Inc. is seeking to rework some of its debts less than a month before the gym chain faces a deadline to cover a loan owed by its SoulCycle subsidiary, Bloomberg News reported. Equinox, the luxury fitness chain backed by billionaire Stephen Ross’s Related Cos., is in talks with HPS Investment Partners, the lender that provided a credit facility to SoulCycle. Equinox previously said that it would guarantee part of Soul Cycle’s credit line of about $265 million, and struck a forbearance deal with HPS last May amid the spreading pandemic to delay the deadline until Feb. 15. A potential new agreement would push out the deadline again. The precise terms, which could involve injecting new money, are still in flux, but an accord could come as soon as next week.
