Corlex Capital, minority-owned private equity and consulting firm, announced the closing of a senior secured credit facility to refinance and provide growth capital for Bandon Holdings, the largest franchisee of Anytime Fitness.

Corlex served as the exclusive debt advisor to Bandon for the financing.

“The COVID-19 pandemic has presented fiscally fit companies in the gym industry, such as Bandon, with attractive opportunities to grow their businesses,” commented Jon Marchel, vice president, who led the financing for Corlex. “However, accessing growth capital during a time of industry disruption can be challenging and requires industry experience, trusted relationships with lenders, and subject matter expertise.”

Photo courtesy Anytime Fitness