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Golub Capital Backs Refinancing Of EOS Fitness By Bruckmann, Rosser, Sherrill & Co.

January 08, 2019, 07:17 AM
Filed Under: Fitness Clubs

Golub Capital announced that, as Administrative Agent, it provided a $120 million GOLD facility to support the refinancing of EOS Fitness by Bruckmann, Rosser, Sherrill & Co. (BRS). GOLD financings are Golub Capital One-Loan Debt facilities.

EOS Fitness is a leader in the fitness industry with their High Value Low Price (HVLP®) gyms, which combines the pricing of a low cost gym with a full suite of amenities including personal training, group fitness, cycling studios, swimming pools, turf functional training areas, full locker rooms and Kids’ Clubs. Currently, the Company operates 30 locations in Phoenix, Las Vegas and Southern California.

The financing from Golub Capital will be used to expand EOS’s footprint and open more gyms throughout the US, bringing affordable fitness to more Americans.

“BRS has a longstanding track record of identifying companies in the retail space which offer consumers high value,” said Greg Cashman, Senior Managing Director at Golub Capital. “We have a strong relationship with the BRS team, having financed several prior consumer retail investments, and were able to provide a flexible financing solution to help EoS grow.”

“Golub Capital’s expertise in the fitness and retail sectors, combined with the flexibility and scalability of the GOLD financing, gave us a lot of confidence about being able to achieve our growth goals,” said Rashad Rahman, Managing Director at BRS. “We look forward to continuing our partnership with the Golub team.”







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