Meridian Sports Clubs Exits Chapter 11

Meridian Sports Clubs California said Thursday it exited Chapter 11 financial reorganization. The company's new financing includes a $7.5 million term loan extended in part by Praesidian Capital and a $4.5 million revolving credit facility with Praesidian. Meridian operates fitness clubs in California, Hawaii and Nevada.

6 June 2013•2 mins read
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