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Planet Fitness Prices $800 Million Securitized Financing Facility
PLNTPlanet Fitness(PLNT) Prnewswire·2024-06-07 12:05

HAMPTON, N.H., June 7, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has priced 800millionofSeries2024−1ClassA−2FixedRateSeniorSecuredNotes(the"ClassA−2Notes"),whichconsistoftwotranches:theClassA−2−ISeniorSecuredNoteswithananticipatedrepaymenttermoffiveyears,withanaggregateprincipalamountof800 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 ...