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BFTH — Bally Total Fitness Holding Corp (BFTH)

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Last Post: 4/1/2008 6:27:46 PM - Followers: 0 - Board type: Free - Posts Today: 0

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Outstanding Shares 41,221,512 as of Aug 31, 2007 Number of Share Holders of Record 6,846 as of Jun 29, 2007 "Existing Bally shareholders and holders of certain equity-related claims will receive an aggregate distribution of $16.5 million as soon as practicable after the Company can determine the maximum amount of the equity-related claims" $16M/41M ~ $.40 Price as of 3 Jan $.165 142% GAIN to 40 cents 81% GAIN to 30 cents It took me over a month but I finally talked to someone at Kurtzman Carson Consultants regarding when Bally's will go private. There is no certain timeframe due to ongoing negotiations with debtors. However, Allison could say that the payout to existing shareholders will be between .30 - .40! Call her yourself. 310-751-1797 Kurtzman Carson Consultants http://www.kccllc.net/bally ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ http://www.ballyfitness.com Phone: (773) 380-3000 Bally Total Fitness Emerges From Chapter 11 and Closes Transaction with Harbinger Capital Partners Funds CHICAGO, Oct 01, 2007 /PRNewswire-FirstCall via COMTEX/ -- Bally Total Fitness announced that it has successfully emerged from chapter 11 today as a private company just over two months after filing for bankruptcy protection on July 31, 2007. The restructuring arrangements funded by Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund L.P. ("Harbinger") became effective today. Harbinger invested approximately $233.6 million in exchange for 100% of the common equity of reorganized Bally. In addition: -- Senior Noteholders will receive new Senior Second Lien Notes bearing interest at 13% as well as a consent fee equal to 2% of the face value of their Notes. -- Subordinated Noteholders will receive a cash payment of $123.5 million in the aggregate, with the remaining balance of the Subordinated Notes satisfied through the issuance of approximately $200 million in new subordinated notes of reorganized Bally. The annual interest rate payable under the new subordinated notes is 15 5/8% as the payment-in-kind interest rate and 14% as the cash pay interest rate. -- Existing Bally shareholders and holders of certain equity-related claims will receive an aggregate distribution of $16.5 million as soon as practicable after the Company can determine the maximum amount of the equity-related claims. That determination cannot be made until after the October 31, 2007, deadline for submission of proofs of claim for equity-related claims, and may require court approval. In conjunction with its emergence from chapter 11, the Company converted its debtor-in-possession ("DIP") facility to an exit credit facility. As previously announced, Morgan Stanley Senior Funding, Inc. is the sole lead arranger and sole bookrunner for the $292 million super-priority secured DIP and senior secured exit credit facilities. The Company also announced that funds which had been deposited in respect of subscriptions for notes which were to be issued in the rights offering associated with a noteholder sponsored restructuring plan, which was not consummated, will be returned promptly. More detailed information is available on Bally's website at http://www.ballyfitness.com and from the Company's Chapter 11 website and hotline: Bally Chapter 11 Information Website: http://www.kccllc.net/bally Bally Chapter 11 Information Hotline: Toll Free: (888) 251-3046 About Bally Total Fitness Bally Total Fitness is among the largest commercial operators of fitness centers in the U.S., with over 375 facilities located in 26 states, Mexico, Korea, China and the Caribbean under the Bally Total Fitness(R) and Bally Sports Clubs(R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers. Forward-Looking Statements Forward-looking statements in this release including, without limitation, statements relating to the restructuring, are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Statements that are not historical facts, including statements about the Company's beliefs and expectations are forward-looking statements. These statements are based on beliefs and assumptions by the Company's management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events. In addition, these forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks associated with the ability of the Company to retain members and attract, motivate and retain key employees, and other factors that are described in filings of the Company with the SEC. SOURCE Bally Total Fitness URL: http://www.ballyfitness.com www.prnewswire.com Copyright (C) 2007 PR Newswire. All rights reserved Thanks to RingDaBell
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BFTH News: Bally Sport Is United In Orange 01/27/2014 02:37:00 PM
#41   Bally Total Fitness Announces Interim Chapter 11 Plan goldencalf 04/01/08 06:27:46 PM
#40   GREAT FIND! uhlmant 02/29/08 09:49:38 AM
#39   Bally Total Fitness Announces Settlement With SEC goldencalf 02/28/08 06:25:21 PM
#38   makes sense... goldencalf 01/29/08 12:51:16 PM
#37   Perhaps someone on the inside knows the final uhlmant 01/29/08 11:22:54 AM
#36   any reason for the spike? goldencalf 01/29/08 11:21:52 AM
#35   dude do something about your picture...made me spit uhlmant 01/28/08 07:59:47 AM
#34   Delays are usually a good sign for shareholders. goldencalf 01/27/08 05:07:22 PM
#33   sounds like a good plan...GL2U goldencalf 01/08/08 01:37:01 PM
#32   it doesn't have to. uhlmant 01/08/08 12:46:39 PM
#31   thanks for that little morsel uhlmant. hope it's goldencalf 01/08/08 12:45:41 PM
#30   Outstanding Shares uhlmant 01/08/08 11:59:42 AM
#28   not sure your price buyin, but if the uhlmant 12/31/07 05:51:33 PM
#27   Like being in a rowboat, out in the goldencalf 12/31/07 04:53:45 PM
#26   I HAVE NO IDEA. I've tried to uhlmant 12/31/07 04:26:18 PM
#25   What happened Thursday. Anyone? goldencalf 12/31/07 02:31:17 PM
#24   Should be interesting today, considering they claim to goldencalf 12/27/07 11:12:34 AM
#22   Bally Chapter 11 Information Hotline: Toll Free: uhlmant 12/14/07 04:29:57 PM
#21   WELCOME. If you know of others who uhlmant 12/14/07 04:25:22 PM
#20   Coming over from the yahhoo board. Thanks for goldencalf 12/14/07 04:22:41 PM
#19   BFTH Annotated Daily Chart RingDaBell 11/14/07 09:35:23 AM
#18   EquitiesTrader2 if your not going to work on uhlmant 11/13/07 01:09:01 PM
#17   ANYONE HERE? uhlmant 10/23/07 10:14:31 AM
#16   What news would that be? uhlmant 10/18/07 12:41:25 PM
#15   so another trading day low volume, stock still EquitiesTrader2 10/16/07 05:19:38 PM
#14   Looks like the sellers are gone. The stock EquitiesTrader2 10/16/07 09:27:21 AM
#13   Ok so guess im the only one doing EquitiesTrader2 10/12/07 09:46:28 AM
#12   Withstood selling pressure found support late in the EquitiesTrader2 10/11/07 06:28:16 PM
#11   ok slightly under pressure here, but holding steady EquitiesTrader2 10/11/07 01:21:47 PM
#10   news is on the way ! EquitiesTrader2 10/11/07 10:04:03 AM
#9   Go Go Go weeeeeeeeeeeeeeeeeeeeee!!!!!! EquitiesTrader2 10/11/07 09:33:04 AM
#8   gunna be an interesting day! EquitiesTrader2 10/11/07 09:28:31 AM
#7   this looks interesting. i'll be watching this one jhernandez 10/11/07 01:21:38 AM
#6   Will watch, might pick up a few shares. acqusition 10/11/07 12:24:28 AM
#5   looks like im not the only one who EquitiesTrader2 10/11/07 12:18:20 AM
#4   Looking good! EquitiesTrader2 10/10/07 11:38:39 PM
#3   SEC Reporting Company EquitiesTrader2 10/10/07 10:51:23 AM
#2   Volume is really picking up today vs yesterday, EquitiesTrader2 10/10/07 10:34:15 AM
#1   Showing improving conditions, short positions continue to evaporate, EquitiesTrader2 10/10/07 09:51:45 AM
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