Town Sports International Holdings, Inc. (CLUB) News
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Latest CLUB News From Around the Web
Below are the latest news stories about Town Sports International Holdings Inc that investors may wish to consider to help them evaluate CLUB as an investment opportunity.
Town Sports International HoldingsTown Sports International Holdings (CLUB) received a delisting letter from Nasdaq due to concerns related to the recent petitions for relief filed under Chapter 11, the residual equity interest of the existing listed securities holders and the ability to sustain compliance with minimum bid price.Also, the failure to timely file its... |
Town Sports looks to keep some gyms open during bankruptcy periodTown Sports International Holdings (CLUB) says it is working out a deal with a group of lenders and PE firm Tacit Capital LLC for them to come in as a stalking horse to bid for its assets in bankruptcy court.The company is looking for capital so that it can reopen... |
Town Sports considers lender bid as bankruptcy judge questions sale timelineTown Sports International said on Wednesday it had reached a tentative deal with a group of lenders that agreed to make an $85 million credit bid to acquire the company and provide $20 million to fund its bankruptcy proceeding and conduct a sale process. |
New York Sports Clubs owner files for bankruptcyStruggling with heavy debt loads even before COVID-19 shuttered the global economy, Town Sports International (CLUB), the owner of the New York Sports Clubs chain, has filed for Chapter 11 bankruptcy protection in the District of Delaware.The move allows the company, which has around 600K members, to keep operating while... |
New York Sports Clubs files for Chapter 11 bankruptcy after forced gym closuresTown Sports International, the owner of New York Sports Clubs, filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic forced its gyms to close and caused revenue to dry up. The company’s assets and liabilities were in the range of $500 million to $1 billion, according to a court filing in the US… |
Town Sports teeters on bankruptcyTown Sports International (CLUB) could file for bankruptcy as early as today after talks with Kennedy Lewis Investment Management for financing broke down, sources tell Bloomberg. The company was close to finalizing a capital injection package of at at least $80M before deciding it would need more like $200M to... |
Town Sports reports FQ1 resultsTown Sports (CLUB): FQ1 GAAP EPS of -$4.98.Revenue of $98.08M (-15.9% Y/Y)Press Release... |
Town Sports International Holdings, Inc. Receives Nasdaq Notice Regarding Non-Compliance With Continued Listing StandardsTown Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB) received a notice on July 7, 2020 from the Listing Qualifications Department of Nasdaq indicating that as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2020 (the "Report"), the Company no longer complies with the continued listing requirements as set forth in Nasdaq Listing Rule 5250(c)(1). The notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the Nasdaq Global Market, subject to the Company’s compliance with other applicable continued listing requirements. |
3 Pumped-Up Gym Stocks to Help Power Your PortfolioGym stocks were among some of the biggest winners in the novel coronavirus pandemic. As more Americans were faced with months away from their local fitness centers, all of a sudden the cardio-obsessed Peloton (NASDAQ:PTON) wife didn't look nearly so crazy.However, it seems the bug really never went away. A consistent theme on my social media timeline was the desire of Americans to get back to the gym. It exceeded the cries of people who wanted, or needed, a haircut. It stands a bit in contrast to the statistic from the International Health, Racquet & Sportsclub Association (IHRSA) that approximately 28% of gym members are expected to cancel their memberships.However, in 2018, the IRHSA reported that the fitness industry was worth $94 billion. And the number of health club members cl... |
Town Sports International, LLC -- Moody's announces completion of a periodic review of ratings of Town Sports International, LLCMoody's Investors Service ("Moody's") has completed a periodic review of the ratings of Town Sports International, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. |