News Releases

Baker Botts Represents Atlas Credit Partners in $65 Million Term Loan Facility for FitLab Inc.

Release

Deal description: On February 7, 2024, FitLab Inc. (“FitLab”) announced the closing of its new $65 million term loan facility (the “Term Loan Facility”) with Atlas Credit Partners and a syndicate of lenders, of which approximately $35 million was funded at closing.

Proceeds from the Term Loan Facility will be used by FitLab to repay existing debt, fund acquisitions, growth investments and for general corporate purposes.

FitLab’s obligations under the Term Loan Facility are guaranteed by substantially all subsidiaries of Fitlab and also secured by substantially all of the assets of FitLab and those subsidiaries.

Baker Botts L.L.P. represented Atlas Credit Partners in the transaction.

FitLab powers the modern fitness journey by integrating fitness studios, mass-participation events, and premium equipment. FitLab has established a portfolio of brands that includes Assault Fitness, Electric, RPM, XPT, Sanctuary Fitness, Racked, Ragnar, Fitplan, McGregor FAST and Yoga Vida.

A link to the full press release can be found
here.

Baker Botts Lawyers/Office Involved:

Finance: Clinton Culpepper (Partner, Austin); Luke Weedon (Partner, Dallas); Regan Vicknair (Associate, Houston); Morgan Copher (Associate, Dallas)

Corporate:  Michael Portillo (Special Counsel, Austin)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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