NEW YORK (Standard&Poor's) June 24, 2014--Standard&Poor's Ratings Services said today that its ratings, including its 'B' corporate credit rating and stable outlook on Calif.-based Fitness International LLC, are unaffected by the proposed changes to the company's financing transaction. The changes would lower term debt by $400 million from the amount of the company's original transaction proposal. We expect the company will use proceeds from the proposed credit agreement (which now includes a $250 million term loan A due 2018, a $1 billion term loan B due 2020, and a $350 million revolver due 2018) to refinance existing debt, pay for transaction fees and expenses, and to repurchase portions of owners' equity interests. The proposed reduction in
