Core Viewpoint - Planet Fitness, Inc. has announced the pricing of $750 million in Series 2025-1 Class A-2 Fixed Rate Senior Secured Notes, which will be used for refinancing and general corporate purposes [1][2]. Group 1: Financial Details - The Class A-2 Notes consist of two tranches: Class A-2-I with a principal amount of $400 million and a fixed interest rate of 5.274% per annum, and Class A-2-II with a principal amount of $350 million and a fixed interest rate of 5.649% per annum [1]. - The anticipated repayment terms for the Class A-2-I Notes is five years, while the Class A-2-II Notes have a seven-year term [1]. - The company also plans to enter into a $75 million variable funding note facility, in addition to the existing $75 million 2022-1 Variable Funding Senior Secured Notes [1]. Group 2: Company Overview - Founded in 1992, Planet Fitness is one of the largest and fastest-growing fitness center franchisors and operators globally, with approximately 20.7 million members and 2,795 clubs as of September 30, 2025 [4]. - The company's mission is to enhance lives by providing a high-quality fitness experience in a welcoming environment known as the Judgement Free Zone® [4]. - More than 90% of Planet Fitness clubs are owned and operated by independent business owners [4].