Equinox Holdings Inc. got relief on some of its debts tied to the luxury fitness chains SoulCycle subsidiary after agreeing to pay down a portion of the borrowings, according to people with knowledge of the matter.
Equinox, backed by billionaire Stephen Rosss Related Cos., reached a deal that releases it from a limited guarantee of SoulCycles $265 million credit facility with lender HPS Investment Partners, the people said, asking not to be identified discussing a private matter.
As part of the deal, Equinox will also add additional protections to its borrowings, said the people. Equinox struck a forbearance deal with HPS last May to delay the payment deadline until Feb. 15.
Equinoxs guarantee originally required it to buy back at leas…
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