Town Sports International Holdings, Inc. announced that as a result of the termination of the Purchase Agreement, the $50,000,000 Second Lien Secured Term Loan Commitment Letter, dated January 6, 2020 (the "Commitment Letter"), between the Company and Kennedy Lewis Investment Management LLC ("KLIM"), pursuant to which KLIM committed to provide, subject to the terms and conditions set forth in the Commitment Letter, a second lien secured term loan in an aggregate principal amount of $50 million, terminated automatically in accordance with its terms.