January 22, 2010 / 9:41 PM / 10 years ago

New Issue-Equinox Holdings sells $425 mln 6-yr notes

 Jan 22 (Reuters) - Equinox Holdings Inc on Friday sold $425
million of second lien senior secured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
 The size of the deal was increased from an originally
planned $400 million.
 Morgan Stanley and Citadel were the joint bookrunning
managers for the sale.
BORROWER: EQUINOX HOLDINGS INC
AMT $425 MLN      COUPON 9.50 PCT     MATURITY 2/1/2016  
TYPE SR NOTES     ISS PRICE 98.881    FIRST PAY 8/1/2010 
MOODY'S B2        YIELD 9.75 PCT      SETTLEMENT 1/28/2010
S&P SINGLE-B      SPREAD 701 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 3 YRS*
*MAKE-WHOLE CALL 50 BPS

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