HAMPTON, N.H., June 13, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") today announced that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A. (the "Bank"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 8, 2022 (the "2022 Share Repurchase Program"). As of June 13, 2024, before giving effect to the ASR Agreement, approxi ...

This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2024 Notes or any other security. The 2024 Notes to be offered have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. transactions and our ability to incur additional indebtedness or refinance that indebtedness in the future, o ...

Key Takeaways Planet Fitness (PLNT) shares rose in intraday trading Monday following an upgrade from Jefferies, which was optimistic about new leadership and the potential gain in the number of franchises for the gym operator. The strategists explained that the company's long-term opportunity "is attractive and risk skews to the upside at current levels." Jefferies noted that the comments it received about new Chief Executive Officer (CEO) Colleen Keating, who took the helm today, were positive, and that "w ...

HAMPTON, N.H., June 7, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has priced $800 million of Series 2024-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the Class A-2-I ...

HAMPTON, N.H., May 29, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that certain of its subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility and repayment of their existing Series 2018-1 Class A-2-II Notes. The consummation of the offering is subject to market and other conditions and is anticipated to close in ...

New study finds that ninety per cent of Canadian teens believe physical activity can positively impact their lives and boost mental health1 TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the return of its High School Summer Pass™ program, inviting high school teens ages 14 – 192 to work out for free at any of its 2,500+ Planet Fitness locations across the U ...

New study finds that ninety per cent of Canadian teens believe physical activity can positively impact their lives and boost mental health1 TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the return of its High School Summer Pass™ program, inviting high school teens ages 14 – 192 to work out for free at any of its 2,500+ Planet Fitness locations across the U ...

A Planet Fitness (NYSE:PLNT) price increase will result in some members having to pay more if they want to work out at the gym and fitness company’s locations.This has Planet Fitness increasing the price of its Classic membership from $10 per month to $15 per month. This marks the first time that the company has increased the price of its Classic membership since 1998.One thing to note is that this Planet Fitness price increase only affects new Classic members and won’t go into effect until the summer. Plan ...

Planet Fitness, Inc. (PLNT) reported first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate, but revenues came in line with the same. However, both metrics increased year over year.Planet Fitness saw a membership increase of around 19.6 million. However, it encountered challenges such as shifting consumer priorities toward saving money, concerns about COVID infections and other illness. As a result, management trimmed its full-year outlook. Despite these obstacles, interim CEO Craig ...

Planet Fitness’ classic gym membership will get more expensive for the first time in 26 years. The cost of the classic membership will increase by $5 to $15 a month for new members, Planet Fitness executives said Thursday as they discussed the company’s first-quarter results. The increase will go into effect in the summertime.GET FOX BUSINESS ON THE GO BY CLICKING HERE The fitness center chain has charged a monthly $10 fee for the tier for nearly three decades. "Only new members who joined after it goes int ...