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LEISURE | Sports & Recreation / Fitness

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Stage

Line of Credit | Alive

About Bandon Holdings

Bandon Holdings is an Anytime Fitness franchisee and is actively looking for additional locations and opportunities to invest or acquire small businesses.

Bandon Holdings Headquarter Location

Austin, Texas,

United States

Latest Bandon Holdings News

Corlex Capital Closes Debt Refinancing for Largest Anytime Fitness Franchisee

Jan 21, 2021

News provided by Share this article ATLANTA, Jan. 21, 2021 /PRNewswire/ --  Corlex Capital ("Corlex"), a 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 ("Bandon"), the largest franchisee of Anytime Fitness. Corlex served as the exclusive debt advisor to Bandon for the financing. Jason Bedasse, CEO/Founder "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." Corlex is a trusted financing advisor to middle market companies and private equity sponsors. Working with Bandon's management team and private equity sponsor, Corlex was able to source a financing package that refinanced an existing term loan and revolving line of credit, plus offered the company a delayed-draw term loan which is available to fund pending and future acquisitions. During the financing process, Corlex's debt advisory team manages the entire process of soliciting and receiving proposals and supporting our clients with value-added advice all the way through credit documentation and closing. About Corlex Capital Corlex is a minority-owned private equity and consulting firm that serves and invests growth capital in the franchising industry with a focus on multi-unit business models in the restaurant and non-food sectors. The firm leverages its specialized in-house operations team to create significant value for clients, investment partners, brand owners, developers, and the communities they serve. In addition, Corlex provides creative advisory services for closely held companies looking to source debt capital to expand or consolidate their business. For more information, please visit www.corlexcapital.com . Contact: Lamont Johnson

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