National gym chain 24-Hour Fitness filed for bankruptcy Monday morning and is set to close gyms across the country.
In its filing, 24-Hour Fitness said the reason for the closures is directly tied to COVID-19.
"If it were not for Covid-19 and its devastating effects, we would not be filing for Chapter 11," CEO Tony Ueber said in a statement. "We expect to have substantial financing with a path to restructuring our balance sheet and operations to ensure a resilient future."
24-Hour Fitness said it plans to close 100 gyms across the U.S.
The company said it's secured $250 million in funding, which will allow it to keep 300 gyms open.
It's not known if any 24-Hour Fitness locations in Kern County will be impacted by the bankruptcy.
