Bally Total Fitness Holding Corp has reached a deal with its lenders on a restructuring plan to help it exit from bankruptcy. Bally's senior lenders, including JPMorgan Chase & Co, have agreed to cut the health-club operator's debt by at least $660 million, court papers show. The balance sheet restructuring also provides for new financing. Under the agreement, Bally's lenders will get 94 percent of the restructured company's equity, court papers show.
