The owner of the New York Sports Clubs chain is considering a bankruptcy filing as gyms across the country remain closed to stop the spread of coronavirus.

Town Sports International Holdings Inc. has been in talks with advisers and lenders to get ahead of its nearly $200 million loan maturity in November, according to people with knowledge of the matter. It’s weighing a Chapter 11 filing as it seeks financial support from creditors, but the talks could also result in an out-of-court solution, the people said.

Town Sports is getting advice from lawyers at Olshan Frome Wolosky LLP and interviewing investment bankers to serve as the company’s financial adviser, the people said. A group of lenders is working with law firm Gibson Dunn & Crutcher LLP and restructuring specialists at FTI Consulting Inc., the people said, asking not to be identified discussing a private matter.