Bally Total Fitness disclosed in an 8-K with the Securities and Exchange Commission last week that is in the process of renewing a $155 million receivables facility, currently funded on a revolving basis and held in an asset-backed commercial paper conduit. The revolving period for this structure, which launched in November 2001 as the series 2001-1 certificates of H&T Master Trust, ends in December 2003, the company stated.

The receivables in the Bally securitization are associated with health club membership fees.

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