Planet Fitness, Inc. announced the pricing of $750 million in Series 2025-1 Class A-2 Fixed Rate Senior Secured Notes.
The offering includes two tranches with varying repayment terms and fixed interest rates.
The funds will be used for debt repayment, transaction costs, reserve accounts, and general corporate purposes.
Series 2025-1 Class A-2 Notes
Consist of two tranches: Class A-2-I with $400 million and 5.274% interest, and Class A-2-II with $350 million and 5.649% interest.
Use of Proceeds
Repay existing debt, cover transaction costs, fund reserve accounts, and potentially support share repurchases.
Expected Closing Date
Anticipated to close on or around December 15, 2025, subject to closing conditions.
- The financing will support Planet Fitness' debt restructuring and general corporate activities.
- The fixed interest rates provide predictability in the cost of debt for the Company.
- Proceeds from the offering will streamline the Company's financial position and potentially enable strategic initiatives.
Planet Fitness' successful pricing of the $750 million financing facility reflects investor confidence in the Company's growth and financial strategy. The funds will enhance financial flexibility and support future endeavors, positioning Planet Fitness for continued success in the fitness industry.