US health clubs become biggest losers as pandemic clears gym floors [Reuters]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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Source: Reuters
US health clubs become biggest losers as pandemic clears gym floors NEW YORK, March 24 (LPC) - US health clubs are among the biggest losers in the loan market, as the spreading coronavirus has forced some gym operators to close their doors on government order while patrons adhere to strict social distancing measures and avoid crowded spaces. A loan for luxury fitness club operator Equinox has fallen to an average bid of roughly 70-72 cents on the dollar this week, down from levels near 100 cents on the dollar, referred to as par, last month, according to two sources monitoring the transaction. Life Time Fitness, which designs and builds multi-use fitness centers, has a term loan quoted at a bid of 69-70 cents this week, down roughly 21 cents from February, sources said. With US state and city governments enforcing tough restrictions on local businesses, residents are being encouraged to stay indoors to limit the spread of the respiratory virus. With health clubs closed, trainers are h
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PLNT
Earnings
- 11/7/24 - Beat
PLNT
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- PLNT's page on the SEC website