UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 7, 2011 (April 6, 2011)
TOWN SPORTS INTERNATIONAL HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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000-52013
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20-0640002 |
(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(IRS Employer
Identification Number) |
5 Penn Plaza (4th Floor), New York, New York 10001
(Address of Principal Executive Offices, Including Zip Code)
(212) 246-6700
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
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| Item 7.01 |
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Regulation FD Disclosure. |
On April 6, 2007, Town Sports International Holdings, Inc. (the “Company”) announced
that on April 7, 2011, it will commence soliciting lenders to participate in a new $350
million senior secured credit facility consisting of a term loan facility and a revolving credit
facility using commercially reasonable efforts. The Company expects
the facility to be arranged
by Deutsche Bank Securities Inc. and KeyBanc Capital Markets Inc. The Company will use the
proceeds from the credit facility principally to repay the existing credit agreement dated
February 27, 2007 and to redeem in full all of the Company’s outstanding 11% Senior Discount Notes
due 2014 in accordance with their terms. The Company is seeking to complete the transaction during
the second quarter, subject to, among other factors, receipt of satisfactory pricing and market
conditions.
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| Item 9.01 |
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Financial Statements and Exhibits. |
(d) Exhibits
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99.1 |
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Press Release, dated April 6, 2011 |